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Bulgaria Repealing Law on Hiking Transit Fee for Russian Gas

HUNGARY
  • Bulgaria is repealing a law on hiking the transit fee for Russian gas, MTI report. Hungarian Minister of Foreign Affairs and Trade, Szijjarto, said the move put a question mark over Hungary's energy security, adding that "previous cooperation based on mutual respect" may resume once the law has been fully annulled.
  • Domestic news flow is otherwise limited, with local press focussed on yesterday’s 75bp rate cut by the National Bank of Hungary. Our review for that decision will be released later today.
  • Looking ahead, trade balance and current account data is on the docket on Friday – the last domestic releases of the year as we approach the holiday period.

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