... Physically, Moldova might source non-Gazprom gas from Azerbaijan or the LNG market. However, Azerbaijan is already maxed out on its EU supplies, leaving Moldova to outbid other buyers. Similarly, relying on LNG would be complex and costly, involving purchase, transport to Turkey, regasification, and further transit via the Trans-Balkan Pipeline. Challenges for Transnistrian GRES The Transnistrian GRES power plant, owned by Russia's Inter RAO, is gas-powered and supplies electricity to both Moldova and Transnistria. The plant could switch to coal, with reserves sufficient for 50–60 days depending on weather and output. However, coal shortages could ...

..., leading to higher gas prices and complicating the task for European countries to secure sufficient supplies for winter. European consumers may face increased heating and electricity costs, putting pressure on household budgets and reducing overall purchasing power. Search for Alternative Suppliers Faced with unreliable supplies from the U.S., Europe may actively seek alternative gas sources. Potential partners include countries in the Middle East, Africa, and possibly Russia, which could also offer stable ...

... What Consequences Await the Market and Consumers? Reduced Accessibility of Credit Restrictions on credit card issuance diminish the accessibility of credit, especially for clients with poor credit histories or below-average incomes. This can impact the purchasing power of the population and reduce overall consumer spending, reflecting adversely on the economy as a whole. Increased Competition Among Banks The decrease in credit card issuance compels banks to seek new ways to attract clients. It is likely that new ...

... strategies. Services Sector The services sector displayed only moderate expansion in April. The PMI index held steady at 50.1, indicating very weak growth in the sector. Companies reported virtually stagnant new orders due to limited demand and reduced purchasing power among consumers. The slowdown in household spending growth and a soft business cycle hinder the development of the services sector. Industrial Sector The industrial sector remained stagnant once more, but signs of stabilization are evident. The ...

... for Investors 1. European Market Events United Kingdom Average Earnings (September) — Published at 07:00 GMT This data indicates wage growth trends in the UK, influencing inflationary pressures and consumer spending. Rising wages suggest consumer purchasing power, supporting the pound and boosting sectors reliant on domestic consumption. Weak wage growth may lead to concerns about demand, potentially impacting UK equities. Unemployment Rate (September) — Published at 07:00 GMT The UK unemployment rate ...