GLOBAL & REGIONAL DAILY (Tuesday 17, December 2019)
GLOBAL & REGIONAL DAILY
December 17, 2019
Fixed income markets were firmer in early European trade supported by news that UK PM Boris Johnson intends to pass legislation to rule out the extension of the transition period scheduled to expire at the end of 2020. UK PMs are sworn in today and the preliminary opening is scheduled on Thursday, which means that parliament may vote on the Brexit deal as early as Friday.
According to the PPC’s medium term business plan presented yesterday, the company plans to phase out existing lignite plants by 2023 and the whole lignite production by 2028. At the same time it plans to scale up RES capacity to 17% of the total capacity mix by 2024 from 2% currently with an aim to increase its market share in RES capacity to 10-20% by 2024 from 2.5% currently.
Bulgaria: Headline inflation spiked to 0.5% MoM/3% YoY in November up from 0.4% MoM/2.4% YoY in October.
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