Gas traders have expressed interest for up to 4 billion cubic meters per year of additional capacity for the next few gas years in the interconnection points of the Interconnector Greece-Bulgaria (IGB) with the Greek national operator DESFA and the Bulgarian national operator Bulgartransgaz, the ICGB, the pipeline operator, reports. The independent transmission system operator…
Poland sees inflation declining faster than expected and the economy growing below estimates, so the interest rates have been adjusted, Adam Glapinski, governor of the central bank (NBP), has told a press conference following a surprising interest rate cut to 6%. “Poland has met previously-assumed conditions for an interest rate cut, namely reaching single-digit inflation…
On September 7, representatives of the Ministry of Finance of Ukraine and the World Bank reviewed the World Bank’s project portfolio. The review was led by Deputy Minister of Finance of Ukraine Olga Zykova and World Bank Manager in Ukraine Gevorg Sargsyan. The review took place for the first time since 2021. In total, the…
The financial infrastructure of the Three Seas Initiative (3SI), in particular the 3SI Investment Fund, can play an important role in securing investment in long-term projects in Ukraine. And 3SI risk insurance through export credit agencies and DFI project financing will allow companies from the Three Seas Initiative countries to make greater inroads into the…
“Bulgaria can get out of the exception for Lukoil to use Russian oil until the end of 2024, without changing fuel prices,” Prime Minister Nikolai Denkov has announced. He recalled that fuel prices in Bulgaria depended on the regional market. “We cannot control prices as they are. If someone claims that someone is incompetent, then…
All holders of platforms and applications of calls for taxi are to be legally registered in Moldova and the systems are to be used only through the transport operators, which provide services in taxi system. The parliament’s commission for economy, budget and finances approved a decision to this effect on September 7. The draft’s authors…
An expert from the think tank the Polish Economic Institute (PIE) has called the September 6 interest rate cuts “surprising”, adding that that until the end of next year rates will fall to around 5.25% Poland’s central bank’s rate setting Monetary Policy Council (RPP) cut all interest rates by 0.75% on September 6, bringing the…