ORIGINAL ARTICLE
The Evolution of Natural Gas Prices in EU Countries and their Impact on the Country’s Macroeconomic Indicators
 
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1
Department of Applied Mathematics and Business Informatics, Faculty of Economics of the Technical University of Košice, Košice, Slovak Republic
 
2
Department of Process Technique, Faculty of Manufacturing Technologies of the Technical University of Košice with a seat in Prešov, Prešov, Slovak Republic
 
 
Online publication date: 2021-06-28
 
 
Publication date: 2021-06-01
 
 
Civil and Environmental Engineering Reports 2021;31(2):255-273
 
KEYWORDS
ABSTRACT
In the article, the authors characterize the current European market with natural gas, describing differences in prices for households and prices for companies from the point of view of individual components, where they focus more on taxes, levies and fees. The article further deals with the possible impact of the price of natural gas on the country’s economy, more specifically, the correlation with inflation, unemployment and interest rates. The main aim of the authors is to establish an appropriate econometric model, which describes the impact of the price of natural gas together with the unemployment rate and interest rates on the inflation of the country. The price of natural gas, of this strategic raw material, is one of the factors that can influence the processes for low-carbon technologies or more precisely, the process of EU decarbonisation and with it the associated amount of CO2 emissions.
 
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eISSN:2450-8594
ISSN:2080-5187
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