Ukraine wins again with Russian Gazprom

(Milosz1, CC BY)

Romanian Druid SA the best start-up in the CSE

Moldova may suspend cooperation with the IMF

Ukraine

Swedish court rejected an appeal by Russia’s Gazprom and upheld an earlier verdict forcing Gazprom to pay the Ukrainian state-owned energy company Naftogaz USD2.56bn in one of several long-running legal disputes over gas contracts. The court added that the Russian dues have grown to around USD3bn due to accumulating interest. As Reuters recalls, the decision comes as the two companies are also negotiating gas supply talks to replace an existing deal that expires at the end of 2019.

In December 2017, Naftogaz secured a favorable decision on its demands that the price of Russian gas to Ukrainian consumers be reduced and the so-called take-or-pay requirement be cancelled.

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Romania

Druid SA, a Romanian artificial intelligence company, was named the Best Start-up of the Year in the CSE during the Central European Start-up Awards (CESAwards). Druid SA develops a “no-code” chatbot design platforms to help any organization with planning, developing and deploying chatbots and was chosen out of the more than 5,500 original applicants.

Of the 17 categories, Austria, Bulgaria and Hungary have the highest number of awards. Two Polish companies, Emplocity and Geckodynamics, were named the region’s best in AI/Machine Learning and software development partnership.

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Moldova

Moldova could “take a break” in its cooperation with the IMF, newly appointed Prime Minister Ion Chicu said. According to Mr. Chicu, this could happen if the IMF “does not show flexibility.” The Moldovan PM stressed that in March 2020 the current IMF program expires.

After the ousting of the former pro-EU prime minister Maia Sandu and appointment of a more pro-Moscow government under Mr. Chicu, Russia promised a loan of USD500m last week, Balkan Insight noted.

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What’s up in indexes

BET (of Bucharest) increased from 9793.99 index points Tuesday, November 26th to 9854.79 index points Wednesday, November 27th. It’s up 0.57 per cent d/d and up 14.9 per cent y/y.

BUX (of Budapest) decreased from 43782.00 index points Tuesday, November 26th to 43600.00 index points Wednesday, November 27th. It’s down 0.42 per cent d/d and up 10.1 per cent y/y.

OMXR (of Riga) increased from 1029.05 index points Tuesday, November 26th to 1030.63 index points Wednesday, November 27th. It’s up 0.15 per cent d/d and up 10.5 per cent y/y.

OMXT (of Tallinn) increased from 1259.73 index points Tuesday, November 26th to 1264.01 index points Wednesday, November 27th. It’s up 0.34 per cent d/d and up 5.03 per cent y/y.

OMXV (of Vilnius) increased from 706.73 index points Tuesday, November 26th to 707.51 index points Wednesday, November 27th. It’s up 0.11 per cent d/d and up 11.2 per cent y/y.

PX (of Prague) increased from 1079.01 index points Tuesday, November 26th to 1085.45 index points Wednesday, November 27th. It’s up 0.60 per cent d/d and up 1.98 per cent y/y.

RTS (of Moscow) increased from 1440.95 index points Tuesday, November 26th to 1441.08 index points Wednesday, November 27th. It’s down 0.01 per cent d/d and up 31.2 per cent y/y.

SAX (of Bratislava) increased from 342.13 index points Tuesday, November 26th to 342.55 index points Wednesday, November 27th. It’s up 0.12 per cent d/d and up 3.63 per cent y/y.

SOFIX (of Sofia) decreased from 545.70 index points Tuesday, November 26th to 543.90 index points Wednesday, November 27th. It’s down 0.35 per cent d/d and down 6.74 per cent y/y.

UX (of Kyiv) decreased from 1511.13 index points Tuesday, November 26th to 1476.08 index points Wednesday, November 27th. It’s down 2.32 per cent d/d and down 15.08 per cent y/y.

WIG20 (of Warsaw) decreased from 2190.58 index points Tuesday, November 26th to 2181.33 index points Wednesday, November 27th. It’s down 0.42 per cent d/d and down 1.87 per cent y/y.

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