Polish PM to German Chancellor: Nord Stream 2 pipeline unacceptable

(World Bank, CC BY-NC-ND)

Bulgaria to renew electricity exports

Slovak FMCG products in decline

Poland

German Chancellor Angela Merkel was in Warsaw for a brief visit. She met with President of Poland Andrzej Duda and Polish Prime Minister Beata Szydło. According to the Polish Radio Szydło said that the planned Nord Stream 2 pipeline between Russia and Germany, but bypassing Poland, is unacceptable to Warsaw.

Poland, whose economy is coal-based, is “open to talks about an ambitious European climate policy, but taking into account the energy mix best suited to each country,” said Polish PM.

Merkel commented on two-speed Europe by saying that EU treaties allow intensified cooperation between countries but indicated that she is opposed to “exclusive clubs which others cannot join.”

Both discussed the European Union after Britain’s exit from the bloc and sanctions imposed on Russia which should not be lifted.

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Bulgaria

Bulgaria resumes the exports of electricity stopped January 13th. As Novinite.com reports, exports to neighbouring countries will re-start on February 9th.

The export was stopped due to low temperatures that caused problems to Bulgarian electricity grid.

The Energy Ministry and the Electricity System Operator (ESO) of Bulgaria informed that “the system will not be impacted by the new cold snap expected later this week”.The company projects the electricity consumption should not surpass 7000 MWh.

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Slovakia

The Slovak Spectator alerts that the market share of Slovak groceries is very low. It passes the data from the survey conducted in 54 stores (belonging to 8 retail chains). Some 28 grocery items were reviewed. “Slovak foodstuffs accounted for 39.91 per cent of the grocery items on the shelves of retail chains in Slovakia late last year,” the survey carried by the Slovak Agricultural and Food Chamber (SPPK) shows. The total share of domestic FMCG products is at the most 40 per cent threshold.

“When it came to individual grocery items, eggs from Slovakia recorded the highest share of shelf space (72 per cent), remaining at the top of the list for the fourth year running. Milk, honey and mineral water followed at 63, 61 and 60 per cent, respectively. No other item made it above 60 per cent,” the Slovak Spectator informs.

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What’s up in indexes

BET (of Bucharest) increased from 7,568.11 index points Monday, February 6th to 7,627.10 index points Tuesday, February 7th. It was up 0.53 per cent d/d and up 22.23 per cent y/y.

BUX (of Budapest) increased from 32,389.00 index points Monday, February 6th to 32,539.53 index points Tuesday, February 7th. It was up 0.47 per cent d/d and up 39.88 per cent y/y.

CROBEX (of Zagreb) increased from 2,182.06 index points Monday, February 6th to 2,189.82 index points Tuesday, February 7th. It was up 0.36 per cent d/d and up 39.98 per cent y/y.

OMXR (of Riga) increased from 745.98 index points Monday, February 6th to 746.28 index points Tuesday, February 7th. It was up 0.04 per cent d/d and up 20.14 per cent y/y.

OMXT (of Tallinn) decreased from 1,108.36 index points Monday, February 6th to 1,106.11 index points Tuesday, February 7th. It was down 0.20 per cent d/d and up 24.28 per cent y/y.

OMXV (of Vilnius) decreased from 567.20 index points Monday, February 6th to 567.01 index points Tuesday, February 7th. It was down 0.03 per cent d/d and up 16.51 per cent y/y.

PX (of Prague) increased from 942.06 index points Monday, February 6th to 947.25 index points Tuesday, February 7th. It was up 0.55 per cent d/d and up 8.56 per cent y/y.

SAX (of Bratislava) decreased from 308.12 index points Monday, February 6th to 307.86 index points Tuesday, February 7th. It was down 0.08 d/d and up 0.74 per cent y/y.

SOFIX (of Sofia) decreased from 606.45 index points Monday, February 6th to 604.20 index points Tuesday, February 7th. It was down 0.37 per cent d/d and up 34.91 per cent y/y.

UX (of Kyiv) decreased from 867.91 index points Monday, February 6th to 861.11 index points Tuesday, February 7th. It was down 0.78 per cent d/d and up 37.39 per cent y/y.

WIG20 (of Warsaw) decreased from 2,089.61 index points Monday, February 6th to 2,086.54 index points Tuesday, February 7th. It was down 0.15 per cent d/d and up 7.12 per cent y/y.

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