Ukraine to resume Russian oil transit to the EU

Druzhba Pipeline, Rozhirche, Ukraine (участник Водник, CC BY-SA 3.0)

Czech parliament wants new regulations on debt trap

In Slovakia the highest in a decade real estate prices

Ukraine

Ukrainian pipeline operator, Ukrtransnafta has declared it is ready to resume oil transit to the European Union. “Today, on May 6th, 2019, a message has been sent via the dispatching service of Ukrtransnafta about its readiness to resume oil transit through the Druzhba pipeline,” the company said in its press release.

EU countries, including Poland, halted oil imports via the Druzhba pipeline in April after finding contaminants that could damage refinery equipment.

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Czech Republic

A new amendment to the Civil Code which aims to prevent minors from falling into a debt trap was debated in the Czech parliament. This was a proposal by a group of deputies from the ANO party, the Social Democrats, the Christian Democrats and the Pirate Party. Deputies plan to transfer the responsibility from children to their parents or other legal representatives.

According to data released by the Czech Chamber of Licensed Bailiffs, 5.934 children under the age of 18 are facing serious problems due to unpaid debts. The children’s debts are a result of unpaid fines for fare dodging, unpaid telephone bills or library fines. If parents forget or refuse to pay, the debt is passed on to bailiffs, who impose interest charges and various forms of penalties, causing the initial sum to increase manifold.

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Slovakia

In Q1’19 the price of a square meter  of a residential real estate was EUR1,494; the highest level since Q1’08, National Bank of Slovakia informed. “The average price of real estate in Slovakia is growing rapidly. The composite index shows that this is in relative accordance with the development of the economy and the income of households,” an analyst of the bank commented.

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What’s up in indexes

BET (of Bucharest) decreased from 8443.43 index points Friday, May 3rd to 8392.85 index points Monday, May 6th. It’s down 0.67 per cent d/d and down 5.16 per cent y/y.

BUX (of Budapest) decreased from 41775.36 index points Friday, May 3rd to 41547.00 index points Monday, May 6th. It’s down 0.55 per cent d/d and up 10.7 per cent y/y.

Monday, May 6th  was a non-trading day at Nasdaq Riga. OMXR (of Riga) closed at 1028.36 index points Friday, May 3rd. It’s down 0.26 per cent y/y.

OMXT (of Tallinn) decreased from 1257.85 index points Friday, May 3rd to 1254.90 index points Monday, May 6th. It’s down 0.23 per cent d/d and up 0.76 per cent y/y.

OMXV (of Vilnius) increased from 682.90 index points Friday, May 3rd to 683.31 index points Monday, May 6th. It’s up 0.06 per cent d/d and down 3.52 per cent y/y.

PX (of Prague) decreased from 1079.63 index points Friday, May 3rd to 1064.71 index points Monday, May 6th. It’s down 1.38 per cent d/d and down 4.00 per cent y/y.

RTS (of Moscow) decreased from 1248.39 index points Friday, May 3rd to 1245.59 index points Monday, May 6th. It’s down 0.22 per cent d/d and up 7.95 per cent y/y.

SAX (of Bratislava) increased from 359.19 index points Friday, May 3rd to 362.95 index points Monday, May 6th. It’s up 1.05 per cent d/d and up 9.77 per cent y/y.

Monday, May 6th was a non-trading day at Sofia Stock Exchange. SOFIX (of Sofia) closed at 571.30 index points Friday, May 3rd. It’s down 13.28 per cent y/y.

UX (of Kyiv) increased from 1679.29 index points Friday, May 3rd to 1695.50 index points Monday, May 6th. It’s up 0.97 per cent d/d and down 6.00 per cent y/y.

WIG20 (of Warsaw) decreased from 2319.08 index points Thursday, May 2nd to 2290.13 index points Monday, May 6th. It’s down 1.25 per cent d/d and up 3.42 per cent y/y.

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