Poland’s PM: our economic growth “solid and sustainable”

Prime Minister Mateusz Morawiecki, Krynica, Poland (Kancelaria Premiera, Public domain)

Latvia: consumption of renewables up 17.8 per cent in 2017

Moldova has a gas deal with Romania

Poland

After the annual Economic Forum in Krynica, Poland’s Prime Minister Mateusz Morawiecki affirmed that Poland’s economic growth is “solid and sustainable”. Nevertheless — as Mr. Morawiecki explained — “the turbulence abroad” could somehow threaten Poland’s equilibrium. “This doesn’t dependent on us but it can always occur,” he said.

The Polish Radio recalls that in Q2’18 the country’s economy grew 5.1 per cent y/y and in Q1’18 it grew 5.2 per cent y/y. In the Q4’17 the economic growth was 4.9 per cent. The unemployment is record low — 5.8 per cent in August 2018.

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Latvia

Latvians’ consumption of the energy from renewable sources increases. As Leta agency informs after Latvian Central Statistical Bureau, in 2017 it grew 17.8 per cent y/y to 80.5 petajoules (PJ). The agency adds that over the past 5 years, it increased by 18.7 per cent.

The growth of gross consumption (mainly consisting of domestic energy sources) has been reducing Latvia’s dependence on imported energy sources — from 55.9 per cent in 2013 to 47.2 per cent in 2016.

Latvia has to reach the level of 40 per cent of the energy produced from renewables in the gross final energy consumption by 2020.

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Moldova

Moldova becomes less Russia-dependent as the country signed an agreement with Romania on natural gas supplies. As reported, the deal is worth EUR92m. The 120-kilometer pipeline from southern Moldova to Chisinau (the country’s capital) will be completed by the end of 2019. The CNBC informs: “Romanian national gas transporter, Transgaz finalized the transaction to acquire Vestmoldtransgaz in a ceremony in the Moldovan capital attended by Romanian Economy Minister Danut Andrusca and Moldovan counterpart Chiril Gaburici”.

The deal will increase Moldova’s energy security. As for now, the country receives up to 95 per cent of its natural gas from Russia.

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What’s up in indexes

BET (of Bucharest) increased from 8,312.46 index points Wednesday, September 5th to 8,330.09 index points Thursday, September 6th. It’s up 0.20 per cent d/d and up 3.92 per cent y/y.

BUX (of Budapest) increased from 37,228.00 index points Wednesday, September 5th to 37,307.00 index points Thursday, September 6th. It’s up 0.18 per cent d/d and down 1.26 per cent y/y.

CROBEX (of Zagreb) decreased from 1,817.70 index points Wednesday, September 5th to 1,809.15 index points Thursday, September 6th. It’s down 0.47 per cent d/d and down 1.61 per cent y/y.

OMXR (of Riga) decreased from 960.84 index points Wednesday, September 5th to 957.66 index points Thursday, September 6th. It’s down 0.33 per cent d/d and down 3.90 per cent y/y.

OMXT (of Tallinn) increased from 1,221.42 index points Wednesday, September 5th to 1,224.42 index points Thursday, September 6th. It’s up 0.25 per cent d/d and down 3.25 per cent y/y.

OMXV (of Vilnius) decreased from 694.72 index points Wednesday, September 5th to 690.04 index points Thursday, September 6th. It’s down 0.67 per cent d/d and up 6.90 per cent y/y.

PX (of Prague) decreased from 1,065.04 index points Wednesday, September 5th to 1,063.58 index points Thursday, September 6th. It’s down 0.14 per cent d/d and up 3.77 per cent y/y.

SAX (of Bratislava) closed at 354.87 index points Thursday, September 6th. It’s 0 per cent change d/d and up 6.71 per cent y/y.

Thursday was a non-trading day at Sofia Stock Exchange. SOFIX (of Sofia) closed at 628.11 index points Wednesday, September 5th. It’s down 11.02 per cent y/y.

UX (of Kyiv) decreased from 1,631.46 index points Wednesday, September 5th to 1,630.68 index points Thursday, September 6th. It’s down 0.05 per cent d/d and up 44.05 per cent y/y.

WIG20 (of Warsaw) decreased from 2,295.51 index points Wednesday, September 5th to 2,293.01 index points Thursday, September 6th. It’s down 0.11 per cent d/d and down 8.73 per cent y/y.

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