Vilnius Airport expansion will cost EUR130m

Vilnius International Airport (Teekkari, CC BY-SA 3.0)

Russia to consider use of gold-backed cryptocurrencies

Serbia wants to extend TurkStream pipeline to Bosnia

Lithuania

The expansion of Lithuania’s main hub Vilnius Airport will cost EUR130m, LETA News Agency informed citing Lietuvos Oro Uostai (Lithuanian Airports, LOU), the sate-owned operator of airports in Lithuania. The last phase of renovation is scheduled to end in 2022.

“Vilnius Airport’s infrastructure is not adapted to the existing passenger flows. The current terminal building, which was opened in 2007, has a capacity of 3.5 million passengers per year. However, in 2016 and 2017 passenger traffic grew to almost 3.8 million per year,” the representatives of the LOU informed.

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Russia

Bank of Russia will consider issuing a gold-backed cryptocurrency, Russian news agency TASS reported. Elvira Nabiullina, the Governor of Russia’s central bank, revealed that the bank may be interested in creating a gold-pegged cryptocurrency for mutual settlements with global jurisdictions.

In April 2019, the Bank of Russia released a policy brief on the potential benefits and disadvantages of central bank digital currencies (CBDCs). According to the bank, CBDCs could be a less risky and more liquid type of asset that can potentially reduce transaction costs in the economy.

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Serbia

Serbia plans to build a gas pipeline connecting Belgrade to Banja Luka, the main city of neighboring BiH, Aleksandar Antic Serbia’s Energy Minister informed. “The Belgrade-Banja Luka link will branch out from the gas transmission pipeline that Serbia is building from the border with Bulgaria to the border with Hungary, as part of the TurkStream project of Russia’s Gazprom,” Mr. Antic said.

The pipeline will connect Belgrade and Banja Luka via Bijeljina, on the territory of Republika Srpska, one of the two autonomous entities that make up Bosnia and Herzegovina.

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What’s up in indexes

BET (of Bucharest) increased from 8120.50 index points Wednesday, May 22nd to 8119.92 index points Thursday, May 23rd. It’s up 0.03 per cent d/d and down 2.70 per cent y/y.

BUX (of Budapest) decreased from 40185.00 index points Wednesday, May 22nd to 40011.00 index points Thursday, May 23rd. It’s down 0.43 per cent d/d and up 12.8 per cent y/y.

OMXR (of Riga) increased from 1022.25 index points Wednesday, May 22nd to 1022.79 index points Thursday, May 23rd. It’s up 0.05 per cent d/d and down 1.53 per cent y/y.

OMXT (of Tallinn) increased from 1243.68 index points Wednesday, May 22ndto 1243.82 index points Thursday, May 23rd. It’s up 0.01 per cent d/d and down 0.78 per cent y/y.

OMXV (of Vilnius) decreased from 679.94 index points Wednesday, May 22nd to 679.04 index points Thursday, May 23rd. It’s down 0.13 per cent d/d and down 4.09 per cent y/y.

PX (of Prague) decreased from 1042.68 index points Wednesday, May 22nd to 1038.09 index points Thursday, May 23rd. It’s down 0.44 per cent d/d and down 5.59 per cent y/y.

RTS (of Moscow) decreased from 1292.79 index points Wednesday, May 22nd to 1275.42 index points Thursday, May 23rd. It’s down 1.34 per cent d/d and up 8.57 per cent y/y.

SAX (of Bratislava) decreased from 345.72 index points Wednesday, May 22nd to 345.39 index points Thursday, May 23rd. It’s up 0.21 per cent d/d and up 7.13 per cent y/y.

SOFIX (of Sofia) increased from 568.80 index points Wednesday, May 22nd to 572.90 index points Thursday, May 23rd. It’ up 0.10 per cent d/d and down 10.79 per cent y/y.

UX (of Kyiv) closed at 1727.19 index points Thursday, May 23rd. It’s the same result as Tuesday’s. It’s 0 per cent change d/d and down 2.16 per cent y/y.

WIG20 (of Warsaw) decreased from 2214.16 index points Wednesday, May 22nd to 2173.09 index points Thursday, May 23rd. It’s down 1.86 per cent d/d and down 1.64 per cent y/y.

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