Polish LOT Airlines plans to carry 10 million passengers in 2019

(Thomas Naas, CC BY-ND 2.0)

Latvia, Russia and Lithuania with the biggest economic inequality

Bulgaria received first LNG shipment from the US

Poland

LOT Polish Airlines inaugurated a new route from Warsaw to Miami on Saturday, the airline’s ninth connection to the USA and the first direct flight between Poland and Florida. “LOT creates a perfect gateway to all willing to fly to Florida from Central and Southeast Europe (CSE) — the fastest growing region . Currently, over half a million passengers travels between two regions despite of lack of direct flights. Now they can transfer via Warsaw, the most convenient European airport,” Rafał Milczarski, LOT Polish Airlines CEO, said.

In 2018, LOT carried a total of over 8.9 million passengers. This year, it plans to carry 10 million passengers, the company informed.

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Latvia, Lithuania and Russia

USA Today published a list of 15 countries with the widest gap between rich and poor. There are three countries from CSE: Latvia as the 15th, Russia  as the11th and Lithuania as the 10th. “The decline in population will likely translate into a decline in the workforce and less economic activity, which could hamper economic growth in Latvia and Lithuania,” USA Today writes.

“Russia’s income inequality is largely the product of its system of government. Oligarchs with close ties to the Russian government can use those relationships to earn lucrative business deals, essentially mounting hurdles to upward economic mobility in the country,” the publication states.

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Bulgaria

The first shipment of liquefied natural gas (LNG), part of a 140 million cubic meters purchased by Bulgarian state-owned gas company Bulgargaz, arrived at the Revithoussa LNG terminal in Greece, Bulgaria’s Energy Minister Temenouzhka Petkova informed.

This is Bulgaria’s first acquisition of LNG from the US — the first shipment of 90 million cubic meters comes from Cheniere, with a second 50 million cubic meters shipment from the US subsidiary of British Petroleum due in the Q3.

“Bulgaria relies heavily on gas deliveries from Russia, but in recent years has made efforts to expand its gas grid inter-connectors with neighboring countries in order to allow deliveries from other sources,” Sofia Globe writes.

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What’s up in indexes

BET (of Bucharest) increased from 8465.07 index points Thursday, May 30th to 8493.13 index points Friday, May 31st. It’s up 1.07 per cent d/d and up 5.11 per cent y/y.

BUX (of Budapest) decreased from 41076.00 index points Thursday, May 30th to 40904.12 index points Friday, May 31st. It’s down 0.42 per cent d/d and up 15.7 per cent y/y.

OMXR (of Riga) increased from 1043.84 index points Thursday, May 30th to 1051.03 index points Friday, May 31st. It’s up 0.69 per cent d/d and down 0.67 per cent y/y.

OMXT (of Tallinn) decreased from 1243.10 index points Thursday, May 30th to 1239.27 index points Friday, May 31st. It’s down 0.31 per cent d/d and up 0.51 per cent y/y.

OMXV (of Vilnius) decreased from 679.44 index points Thursday, May 30th to 677.58 index points Friday, May 31st. It’s down 0.27 per cent d/d and down 4.72 per cent y/y.

PX (of Prague) increased from 1043.62 index points Thursday, May 30th to 1044.09 index points Friday, May 31st. It’s up 0.05 per cent d/d and down 2.97 per cent y/y.

RTS (of Moscow) increased from 1286.52 index points Thursday, May 30th to 1287.09 index points Friday, May 31st. It’s up 0.04 per cent d/d and up 10.7 per cent y/y.

SAX (of Bratislava) decreased from 345.72  index points Thursday, May 30th to 343.56 index points Friday, May 31st. It’s down 0.62 per cent d/d and up 3.94 per cent y/y.

SOFIX (of Sofia) increased from 582.10 index points Thursday, May 30th to 582.48 index points Friday, May 31st. It’ up 0.06 per cent d/d and down 8.49 per cent y/y.

UX (of Kyiv) decreased from 1744.76 index points Thursday, May 30th to 1734.04 index points Friday, May 31st. It’ down 0.61 per cent d/d and up 2.67 per cent y/y.

WIG20 (of Warsaw) increased from 2221.56 index points Thursday, May 30th to 2239.31 index points Friday, May 31st. It’s up 0.80 per cent d/d and up 2.24 per cent y/y.

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