Russia’s CBR maintains key rate at 16%
4 hours ago
Net domestic production of electric power in Albania almost doubled y/y in the first quarter of 2018 to reach 3,213 GWh, up from just 1,588 GWh in the same period of 2017.
Albania and other countries in the Western Balkans were hit by drought last year, resulting in a sharp fall in hydropower production; Montenegro’s main power producer EPCG also recently announced a hike in hydropower generation in Q1. Albania generates virtually all of its energy from hydropower.
In Q1, state-owned hydropower plants accounted for 65% of net domestic production while private, independent and concessionaire power producers generated the remaining 35%, state statistics office Instat said.
The growth in domestic power generation results allowed Albania to cut its electricity imports and boost exports, which were up around 6.3 times compared to Q1 2017.
Gross imports (including exchanges) stood at 114 GWh in Q1 compared to 621 GWh in Q1 2017, while gross exports reached 1,205 GWh.
Instat also reported that electrical losses increased slightly to 600 GWh from 594 GWh in Q1 2017, which was blamed on the increase of losses in distribution.
Consumption of electricity by both household and non-domestic users continued its steady upward trend, contributing 1.9pp and 5pp respectively to the overall increase.
Related Content
Data
Russia’s CBR maintains key rate at 16%
The board of the Central Bank of Russia (CBR) resolved to keep the key interest rate unchanged at 16% at the policy meeting on April 26, making a third meeting in a row that the rate is maintained flat.
NBU cuts rates 100bp to 13.5% on falling inflation
The National Bank of Ukraine (NBU) lowered the key policy rate by 100bp to 13.5% on April 25 and improved its inflation forecast as price pressure ease.
Turkey keeps policy rate constant at 50%
Central bank is, notably, no longer talking about building up its reserves in parallel with so-called monetary framework simplification policy.
_1713874341.png)
Slovak unemployment inched further down to 3.88% in March
There were 167,493 job applicants in March, which is at its lowest level since the end of 2019.
Poland’s industrial production disappoints in March as output declines 6% y/y
Poland’s industrial production fell 6% year on year in constant prices in March (chart), after a gain of 3.3% y/y the preceding month, unadjusted data from the statistical office GUS showed on April 22.
Most Read
-
The models are wrong, climate change is accelerating faster than predicted
1 day ago
-
Kuwait reacts angrily to being cut out of Iraq and Turkey’s transport project
20 hours ago
-
Russia already treating Bosnia’s Republika Srpska as an independent state
1 day ago
-
Putinomics: Russia’s oil and gas revenue to double in April
1 day ago
-
Bankers reassessing accelerating climate crisis in anticipation of trillions of dollars of annual damage
21 hours ago
-
Ukraine's birth rate plummets to 300-year low as country’s population collapses
9 days ago
-
EU finally boosts defence investment into arms production as Ukraine runs out of ammo
1 month ago
-
Don't mention the "D" word - Ukraine
6 days ago
-
The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
3 days ago
-
Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
9 days ago
-
Russia could pay off its entire external debt tomorrow, in cash
27 days ago
-
Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
1 month ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
BRICS announce a blockchain-based payment system to create a common currency
29 days ago
-
Saudi Arabia to scale back plans for Neom city
16 days ago