Romania: the real estate prices up 30 per cent since the 2014 crisis

Cluj, Romania (FTS-Ro, CC BY-NC-ND)

Ukraine: Naftogaz expects billions of dollars from Gazprom

Lithuania: Litgas will sell gas to Poland’s Duon

Romania

The prices of the apartments in Romania increased. As the Romania Insider reports, in September 2017 they reached the level of 30 per cent more compared to December 2014 – when they were record low. In September 2017 the average price for an apartment in one of the country’s main cities was EUR1,141 per square meter (sqm), up 1.9 per cent m/m.

As the data from Imobiliare.ro shows, the dwellings’ prices in Bucharest reached EUR1,254 per sqm (up 0.3 per cent m/m) and in Cluj-Napoca EUR1,455 per sqm (up 2 per cent m/m).

The only large city in Romania where the prices decreaseed is Timisoara. In September 2017 they decreased by 0.4 per cent m/m – to EUR1,129 per sqm.

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Ukraine

The Interfax reports that Ukrainian national joint-stock company Naftogaz Ukrainy expects billions of USD from the Russian Gazprom. October 10th, the Arbitration Institute of the Stockholm Chamber finished hearings in the lawsuit between these two companies. “The decision will be issued by late November 2017,” the agency reports.

The Chief Commercial Director of Naftogaz, Yuriy Vitrenko, comments the results of the hearing “We expect that Gazprom will pay us a substantial sum, which is about billions of USD, if not more than USD10bn (…) We do not expect that, as a result of the arbitration proceedings, we will eventually pay something to Gazprom. He also added that he was sure Gazprom will have to comply with the court’s decision to pay the funds, and its counterclaim will not be accepted.

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Lithuania

Lithuanian company Litgas will sell gas to Poland’s gas supply firm Duon – the Baltic Course informed. As reported, the LNG “will be transported from Klaipeda’s new LNG distribution station.

Litgas is a part of the Lithuanian state energy group Lietuvos Energija (Lithuanian Energy). The company has announced the deal with Duon which is important because it kicks off new commercial operations – LNG supplies by land that should help diversify the company’s operations.

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What’s up in indexes

BET (of Bucharest) increased from 8,006.37 index points Monday, October 9th to 8,018.47 index points Tuesday, October 10th. It’s up 0.15 per cent d/d and up 16.02 per cent y/y.

BUX (of Budapest) increased from 38,008.75 index points Monday, October 9th to 38,031.67 index points Tuesday, October 10th. It’s up 0.06 per cent d/d and up 33.12 per cent y/y.

CROBEX (of Zagreb) increased from 1,811.06 index points Monday, October 9th to 1,820.66 index points Tuesday, October 10th. It’s up 0.53 per cent and down 8.85 per cent y/y.

OMXR (of Riga) decreased from 998.10 index points Monday, October 9th to 995.97 index points Tuesday, October 10th. It’s down 0.21 per cent d/d and up 36.81 per cent y/y.

OMXT (of Tallinn) increased from 1,219.90 index points Monday, October 9th to 1,220.89 index points Tuesday, October 10th. It’s up 0.08 per cent d/d and up 21.42 per cent y/y.

OMXV (of Vilnius) decreased from 644.13 index points Monday, October 9th to 642.42 index points Tuesday, October 10th. It’s down 0.27 per cent d/d and up 17.76 per cent y/y.

PX (of Prague) decreased from 1,059.11 index points Monday, October 9th to 1,050.06 index points Tuesday, October 10th. It’s down 0.85 per cent d/d and up 17.85 per cent y/y.

SAX (of Bratislava) decreased from 321.54 index points Monday, October 9th to 316.79 index points Tuesday, October 10th. It’s down 1.48 per cent d/d and up 1.12 per cent y/y.

SOFIX (of Sofia) decreased from 679.41 index points Monday, October 9th to 676.26 index points Tuesday, October 10th. It’s down 0.46 per cent d/d and up 33.21 per cent y/y.

UX (of Kyiv) decreased from 1,211.82 index points Monday, October 9th to 1,208.38 index points Tuesday, October 10th. It’s down 0.28 per cent d/d and up 41.36 per cent y/y.

WIG20 (of Warsaw) increased from 2,499.35 index points Monday, October 9th to 2,516.49 index points Tuesday, October 10th. It’s up 0.69 per cent d/d and up 42.50 per cent y/y.

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