Ukraine hopes to join EU in 2025-2027

The Ukrainian Parliament, Kiev (Vadim Chuprina, CC BY-SA 4.0)

Russia: oil prices could fall due to overproduction

Bulgaria, Czech Republic and Slovenia to host EU's supercomputer centers

Ukraine

Speaker of the Ukrainian Parliament, Andriy Parubiy has said Ukraine has a very good chance of accession to the European Union in 2025-2027. He made this statement after the heads of parliament of Ukraine, Lithuania and Poland had signed a resolution of the Inter-Parliamentary Assembly in Kyiv, setting dates for Ukraine’s accession to the European Union.

“The key document that we’ve signed is our joint resolution and our action plan for the next period. It was very important for us that the action plan we’ve agreed includes that we will adhere to the 2025-2027 Strategy. This is a strategic plan for Ukraine’s way towards the EU,” Parubiy said at a briefing.

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Russia

Russian Energy Minister Alexander Novak said he could not rule out a scenario in which oil prices could fall to USD30 per barrel if the global oil deal was not extended. Mr. Novak said there were big risks of oversupply on the market and that Moscow needed to monitor the oil market more in order to be able to take a balanced decision in July.

Saudi Energy Minister Khalid al-Falih, who was in Moscow for talks with his Russian counterpart, said steps are being taken to prevent a sharp fall in oil prices.

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Bulgaria, Czech Republic, Slovenia

Bulgaria, Czech Republic and Slovenia are among the eight EU member states selected to host supercomputing centers, European Commissioner for Digital Economy and Society Mariya Gabriel announced.

The centers will support Europe’s researchers, industry and businesses in developing new applications in a wide range of areas, from designing medicines and new materials to fighting climate change. The project will cost EUR840m.

“It is a major step forward for Europe to reach the next level of computing capacity; it will help us to advance in future-oriented technologies like the Internet of Things, artificial intelligence, robotics and data analytics,” vice-President for the Digital Single Market, Andrus Ansip, said.

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What’s up in indexes

BET (of Bucharest) increased from 8575.77 index points Friday, June 7th to 8589.79 index points Monday, June 10th. It’s up 0.20 per cent d/d and up 4.02 per cent y/y.

Monday, June 10th was a non-trading day at Budapest Stock Exchange. BUX (of Budapest) closed at 41159.57 index points Friday, June 7th. It’s up 10.0 per cent y/y

OMXR (of Riga) increased from 1068.46 index points Friday, June 7th to 1068.97 index points Monday, June 10th. It’s up 0.05 per cent d/d and up 3.26 per cent y/y.

OMXT (of Tallinn) decreased from 1254.22 index points Friday, June 7th to 1253.01 index points Monday, June 10th. It’s down 0.10 per cent d/d and down 0.60 per cent y/y.

OMXV (of Vilnius) increased from 672.70 index points Friday, June 7th to 676.56 index points Monday, June 10th. It’s up 0.57 per cent d/d and down 4.97 per cent y/y.

PX (of Prague) increased from 1049.65 index points Friday, June 7th to 1059.22 index points Monday, June 10th. It’s up 0.91 per cent d/d and down 1.68 per cent y/y.

RTS (of Moscow) increased from 1325.95 index points Friday, June 7th to 1335.71 index points Monday, June 10th. It’s up 0.74 per cent d/d and up 17.0 per cent y/y.

SAX (of Bratislava) increased from 340.34 index points Friday, June 7th to 344.81 index points Monday, June 10th. It’s up 1.31 per cent d/d and up 5.60 per cent y/y.

SOFIX (of Sofia) increased from 576.48 index points Friday, June 7th to 581.30 index points Monday, June 10th. It’ up 0.84 per cent d/d and down 7.67 per cent y/y.

UX (of Kyiv) decreased from 1710.44 index points Friday, June 7th to 1684.14 index points Monday, June 10th. It’s down 1.54 per cent d/d and up 4.06 per cent y/y.

WIG20 (of Warsaw) increased from 2280.60 index points Friday, June 7th to 2282.51 index points Monday, June 10th. It’s up 0.08 per cent d/d and up 2.15 per cent y/y.

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