Ukraine: Nord Stream 2 may endanger GDP growth

Nord Stream 2 construction, Germany (Axel Schmidt, Nord Stream 2, Public domain)

Croatia wants to become an energy hub

Latvia: budget revenue up 15.1 per cent in 2018

Ukraine

Ukraine’s Ministry of Finance informed that Nord Stream 2 is one of the most important fiscal risks  for the country. The cabinet estimates the potential losses that could be caused the pipeline at 2.5-3 per cent of GDP, underlining that those are only direct losses. The Ministry of Finance projects that due to the Nord Stream 2 exports of services will decrease.

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Croatia

Croatia wants to become an important European energy hub, the Total Croatia News informs.

The portal quotes Ivo Milatić, State Secretary at the Ministry of Environmental Protection and Energy, who underscored “the importance of the Adriatic-Ionian gas pipeline”. The IAP is a concept of a 516 kilometres long natural gas pipeline in Southeast Europe — that could run from Fier (Albania) through Montenegro and Bosnia to Split (Croatia). The project hasn’t been launched yet.

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Latvia

Latvian general government consolidated budget accumulated a EUR723.9m surplus in the period January-August 2018. Leta agency informs that in the period mentioned budget revenue totalled EUR7.39bn, increasing by 15.1 per cent. The expenditure totalled EUR6.67bn (up 10.2 per cent). Tax revenues noted were EUR34.6m.

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What’s up in indexes

BET (of Bucharest) increased from 8,374.90 index points Wednesday, September 26th to 8,446.41 index points Thursday, September 27th. It’s up 0.96 per cent d/d and up 6.72 per cent y/y.

BUX (of Budapest) increased from 35,996.04 index points Wednesday, September 26th to 36,471.35 index points Thursday, September 27th. It’s up 1.32 per cent d/d and down 2.08 per cent y/y.

CROBEX (of Zagreb) decreased from 1,790.04 index points Wednesday, September 26th to 1,787.43 index points Thursday, September 27th. It’s down 0.15 per cent d/d and up 1.10 per cent y/y.

OMXR (of Riga) decreased from 985.78 index points Wednesday, September 26th to 979.46 index points Thursday, September 27th. It’s down 0.64 per cent change d/d and down 1.56 per cent y/y.

OMXT (of Tallinn) decreased from 1,214.21 index points Wednesday, September 26th to 1,214.20 index points Thursday, September 27th. It’s 0.00 per cent change d/d and down 0.11 per cent y/y.

OMXV (of Vilnius) decreased from 688.90 index points Wednesday, September 26th to 687.89 index points Thursday, September 27th. It’s down 0.15 per cent d/d and up 7.69 per cent y/y.

PX (of Prague) increased from 1,100.77 index points Wednesday, September 26th to 1,101.92 index points Thursday, September 27th. It’s up 0.10 per cent d/d and up 5.58 per cent y/y.

SAX (of Bratislava) increased from 328.07 index points Wednesday, September 26th to 328.49 index points Thursday, September 27th. It’s up 0.13 per cent d/d and up 3.59 per cent y/y.

SOFIX (of Sofia) increased from 623.10 index points Wednesday, September 26th to 623.63 index points Thursday, September 27th. It’s up 0.09 per cent d/d and down 8.84 per cent y/y.

UX (of Kyiv) increased from 1,638.46 index points Wednesday, September 26th to 1,655.94 index points Thursday, September 27th. It’s up 1.07 per cent d/d and up 43.14 per cent y/y.

WIG20 (of Warsaw) increased from 2,304.45 index points Wednesday, September 26th to 2,315.07 index points Thursday, September 27th. It’s up 0.46 per cent d/d and down 4.88 per cent y/y.

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