Poland with new deposits of natural gas

(kynan tait, CC BY-NC-ND)

Romanian state helps postal operator

Bulgaria increased exports to non-EU countries

Poland

The Polish Radio reports that the state-owned oil and gas company, PGNiG, found new reserves of natural gas near the city of Przemyśl, in the southeast of the country (Podkarpackie voivodeship). According to PGNiG’s CEO Piotr Woźniak, the deposits have “enough gas to be mined for decades”.

PGNiG has been extracting natural gas near Przemyśl for more than 60 years. More than 64 billion cubic meters has been extracted there. In December 2017, Mr. Woźniak informed that the state giant “could be interested in resuming efforts to exploit domestic shale gas deposits if the government relaxed the regulatory environment and the tax regime.”

>>More

Romania

Romanian Post will get RON170m (EUR37m) from the government. The cabinet wants to capitalize the state-controlled company, so it could pay its overdue debts to the state budget and become “a strong and profitable company again”. Romanian state has 75 per cent of stake in the Posta Romana. The company struggles after Romanian government failed to privatize it in 2015.

In January 2018, Telekom Romania informed it ceased its collaboration with Posta Romana for the invoice payment service, due to “non-observance of the contractual obligations”. Also in January Posta Romana took the loan of RON30m (EUR6.4m) to finance its current operations.

>>More

Bulgaria

Bulgarian exports of goods and services to non-EU countries increased by 10.7 per cent y/y in 2017 – Novinite.com informs. It reached BGN17,744.6m (EUR9,1bn).

According to the National Statistical Institute (NSI), Bulgaria’s leading non-EU trading partners are: Turkey, Russia, China, Serbia, Macedonia and Egypt. They account for 51.6 per cent of all exports to third countries. In 2016 the largest growth in exports was observed in the categories: “classified items mainly” (up 42.1 per cent) and “various finished products” (up 23.2 per cent).

Bulgaria is the 49th largest export economy in the world. The top exports are: refined petroleum, refined copper, wheat, packaged medicaments and insulated wire. In 2017, Bulgaria’s imports from third countries increased by 24.1 per cent y/y – reaching BGN21,368m (EUR10,1bn).

>>More

What’s up in indexes

BET (of Bucharest) decreased from 8,062.11 index points Thursday, February 8th to 7,990.71 index points Friday, February 9th. It’s down 0.95 per cent d/d and up 4.76 per cent y/y.

BUX (of Budapest) decreased from 38,875.93 index points Thursday, February 8th to 38,320.32 index points Friday, February 9th. It’s down 1.43 per cent d/d and up 16.30 per cent y/y.

CROBEX (of Zagreb) decreased from 1,872.34 index points Thursday, February 8th to 1,864.48 index points Friday, February 9th. It’s down 0.42 per cent d/d and down 11.65 per cent y/y.

OMXR (of Riga) decreased from 1,1010.08 index points Thursday, February 8th to 998.16 index points Friday, February 9th. It’s down 1.18 per cent d/d and up 33.66 per cent y/y.

OMXT (of Tallinn) decreased from 1,284.38 index points Thursday, February 8th to 1,273.61 index points Friday, February 9th. It’s down 0.84 per cent d/d and up 14.97 per cent y/y.

OMXV (of Vilnius) decreased from 673.62 index points Thursday, February 8th to 663.82 index points Friday, February 9th. It’s down 1.45 per cent d/d and up 17.97 per cent y/y.

PX (of Prague) decreased from 1,117.32 index points Thursday, February 8th to 1,106.06 index points Friday, February 9th. It’s down 1.01 per cent d/d and up 16.00 per cent y/y.

SAX (of Bratislava) decreased from 346.79 index points Thursday, February 8th to 330.20 index points Friday, February 9th. It’s down 4.78 per cent d/d and up 7.92 per cent y/y.

SOFIX (of Sofia) decreased from 698.71 index points Thursday, February 8th to 693.87 index points Friday, February 9th. It’s down 0.69 per cent d/d and up 15.04 per cent y/y.

UX (of Kyiv) decreased from 1,460.08 index points Thursday, February 8th to 1,450.85 index points Friday, February 9th. It’s down 0.63 per cent d/d and up 61.05 per cent y/y.

WIG20 (of Warsaw) decreased from 2,406.48 index points Thursday, February 8th to 2,382.79 index points Friday, February 9th. It’s down 0.98 per cent d/d and up 11.74 per cent y/y.

Share this post

TOP