Prices of gasoline and diesel fuel will decrease in Moldova

Ialoveni, Moldova (Pieter van Marion, CC BY-NC)

LitPol interconnection will work best for the synchronization of power grids

Romania: in H1’17 retail sales up 7.3 per cent y/y

Moldova

The IPN portal informs that the National Energy Regulatory Agency of Moldova has just reduced price ceilings for gasoline and diesel fuel. It means the fuel should cost less. IPN reports that the price of the 95-octane gasoline should decrease to no more than MLD16.95 (EUR0.81) per liter (0.11 less than in the previous two weeks). Diesel fuel would cost no more than MLD14.55 (EUR0.69, the previous maximum price was MDL14.77).

The current price ceilings will remain in place until September 5th. The new law enters into force the following fortnight.

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Lithuania

Lithuanian Energy Minister Zygimantas Vaiciunas claims the discussion on the new interconnector of power grids will cause delay in synchronizing Baltic power grids with the Western system. After Estonia announced that synchronization would work better via interconnections with the Nordic countries, Vaiciunas urged stakeholders not to delay the completion. Vaiciunas said it would take less time and less money to synchronize grids through Poland. He also confirmed that the existing LitPol Link – interconnector between Lithuania and Poland – is sufficient for the synchronization.

“We are aware of the Estonia’s position that synchronization with the Nordic countries would be more favorable to Estonia, but that means we would not achieve synchronization before 2030 and we put our energy security at risk. We are speaking not only about the price but also about the possibility of the entire system going out. We can’t take such risks,” he said.

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Romania

In the period January–June 2017 retail sales in Romania grew by 7.3 per cent y/y (according to seasonally and working-day adjusted data). As SEE News Corporate Wire reports this is mostly due to tax cuts, accelerated inflation and increased risk perceptions impacting on consumer behavior.

The country’s statistical office has informed that in June alone retail sales were up 6.5 per cent on the year, but fell by 0.4 per cent m/m.

Analysts from Banca of Transilvania in their daily market report commented that private consumption in Romania has entered into the maturity phase. “According to this scenario, the annual dynamics of private consumption (the main component of GDP) could decelerate from 7.4 per cent in 2016 to 6.3 per cent in 2017 and to 4.4 per cent in 2018,” the report reads.

In 2016 Romania’s retail sales increased by 13.5 per cent last year.

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What’s up in indexes

BET (of Bucharest) increased from 8,351.58 index points Tuesday, August 22nd to 8,352.09 index points Wednesday, August 23rd. It’s up 0.01 per cent d/d and up 21.12 per cent y/y.

BUX (of Budapest) increased from 37,622.47 index points Tuesday, August 22nd to 37,753.22 index points Wednesday, August 23rd. It’s up 0.35 per cent d/d and up 36.18 per cent y/y.

CROBEX (of Zagreb) decreased from 1,901.67 index points Tuesday, August 22nd to 1,899.76 index points Wednesday, August 23rd. It’s down 0.10 per cent and up 5.55 per cent y/y.

OMXR (of Riga) increased from 1,017.20 index points Tuesday, August 22nd to 1,023.88 index points Wednesday, August 23rd. It’s up 0.66 per cent d/d and up 58.40 per cent y/y.

OMXT (of Tallinn) increased from 1,256.81 index points Tuesday, August 22nd to 1,268.55 index points Wednesday, August 23rd. It’s up 0.93 per cent d/d and up 27.07 per cent y/y.

OMXV (of Vilnius) increased from 650.85 index points Tuesday, August 22nd to 651.77 index points Wednesday, August 23rd. It’s up 0.14 per cent d/d and up 21.41 per cent y/y.

PX (of Prague) decreased from 1,033.73 index points Tuesday, August 22nd to 1,031.33 index points Wednesday, August 23rd. It’s down 0.23 per cent d/d and up 21.23 per cent y/y.

SAX (of Bratislava) increased from 330.03 index points Tuesday, August 22nd to 336.55 index points Wednesday, August 23rd. It’s up 1.98 per cent d/d and up 7.26 per cent y/y.

SOFIX (of Sofia) increased from 719.67 index points Tuesday, August 22nd to 723.02 index points Wednesday, August 23rd. It’s up 0.47 per cent d/d and up 53.82 per cent y/y.

UX (of Kyiv) increased from 1,132.04 index points Tuesday, August 22nd to 1,129.92 index points Wednesday, August 23rd. It’s down 0.19 per cent d/d and up 63.21 per cent y/y.

WIG20 (of Warsaw) increased from 2,387.24 index points Tuesday, August 22nd to 2,391.06 index points Wednesday, August 23rd. It’s up 0.16 per cent d/d and up 33.53 per cent y/y.

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