Ukrainian Naftogaz appeals to the US court

Naftogaz headquarters, Kiev, Ukraine (Oleksandr Reva, CC BY-NC)

Serbia doesn’t want to disclose details of its deal with Alibaba

Denmark to boost Poland in developing wind farms

Ukraine

Naftogaz Ukrainy has appealed to the US court with a lawsuit against Gazprom on the execution of the decision of the Stockholm arbitration — Interfax reports. “Gazprom continues the defiant non-implementing of the international arbitration decision … I am not complaining, but I explain our actions, in particular, in the United States for compulsory execution,” Naftogaz Executive Director Yuriy Vitrenko said on his Facebook page.

He reminded that Gazprom lost the dispute in the Court of Appeal in Sweden about suspension of the enforcement of the arbitration decision, therefore it has no legal basis not to pay Naftogaz.

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Serbia

Serbian government and the Chinese eCommerce giant Alibaba want to introduce the Alipay platform in Serbia. The SEE News Corporate Wire informs that by the end of 2018 a plan for the launch should be drafted. In the meantime both sides decided to sign a confidentiality agreement.

The portal points out that Alibaba “includes core commerce, cloud computing, digital media and entertainment, innovation initiatives and others”. In 2014 it entered the New York Stock Exchange, raising USD25bn. It was the world’s biggest IPO at that time.

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Poland

During the COP24 climate conference in Katowice Poland signed a memorandum of agreement with Denmark on cooperation in developing projects in renewable energy. “We have decided to harness the power of the sea, build wind energy facilities at the sea” — Poland’s Energy Minister, Krzysztof Tchórzewski, announced.

The Polish Radio informs that Poland and Denmark also signed a deal “to regulate legal issues related to the planned Baltic Pipe project”, linking the two countries via Norway. Construction works are scheduled to start in 2020. The project should be completed by October 2022.

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What’s up in indexes

BET (of Bucharest) decreased from 8,581.09 index points Tuesday, December 11th to 8,567.83 index points Wednesday, December 12th. It’s down 0.02 per cent d/d and up 12.86 per cent y/y.

BUX (of Budapest) increased from 39,860.23 index points Tuesday, December 11th to 39,887.22 index points Wednesday, December 12th. It’s up 0.07 per cent d/d and up 4.92 per cent y/y.

CROBEX (of Zagreb) increased from 1,708.83 index points Tuesday, December 11th to 1,716.49 index points Wednesday, December 12th. It’s up 0.45 per cent d/d and down 5.34 per cent y/y.

OMXR (of Riga) increased from 946.30 index points Tuesday, December 11th to 965.07 index points Wednesday, December 12th. It’s up 1.98 per cent d/d and down 5.35 per cent y/y.

OMXT (of Tallinn) decreased from 1,192.46 index points Tuesday, December 11th to 1,190.20 index points Wednesday, December 12th. It’s down 0.19 per cent d/d and down 0.50 per cent y/y.

OMXV (of Vilnius) increased from 630.13 index points Tuesday, December 11th to 630.17 index points Wednesday, December 12th. It’s up 0.01 per cent d/d and down 4.04 per cent y/y.

PX (of Prague) increased from 1,017.36 index points Tuesday, December 11th to 1,030.74 index points Wednesday, December 12th. It’s up 1.32 per cent d/d down 2.72 per cent y/y.

SAX (of Bratislava) closed at 334.99 index points Wednesday, December 12th. It’s the same result as Tuesday’s. It’s 0 per cent change d/d and up 3.48 per cent y/y.

SOFIX (of Sofia) decreased from 593.21 index points Tuesday, December 11th to 593.06 index points Wednesday, December 12th. It’s down 0.03 per cent d/d and down 11.08 per cent y/y.

UX (of Kyiv) decreased from 1,785.27 index points Tuesday, December 11th to 1,760.07 index points Wednesday, December 12th. It’s down 1.41 per cent d/d and up 37.23 per cent y/y.

WIG20 (of Warsaw) increased from 2,221.37 index points Tuesday, December 11th to 2,275.15 index points Wednesday, December 12th. It’s up 2.42 per cent d/d and down 5.74 per cent y/y.

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