SLOVENIA
SBITOP down 0.68% on Friday
Slovenian blue-chip index SBITOP was down 0.68% on Friday, impacted by global sell off after increasing USA-China trade tensions. Krka, pharmaceutical company was the most traded name on Friday, with EUR 488ths in volume, while its stock price remained flat at EUR 58 per share. Telekom Slovenije was a top looser with 2.39% decline, while insurance company Triglav was a daily gainer, among blue-chip names, with 0.32% jump.
Another record year for battery maker TAB
and stationary battery producer TAB had another record year in 2017, with sales rising 17% year-on-year to EUR 270m. EBITDA amounted to EUR 30m, which is 9% more than in 2016, the company has told the STA.
Source:STA
INTERNATIONAL MARKETS
Euro Stoxx 600 and DAX had one of the best performances of last week compared to US counterparts
Euro Stoxx 600 and DAX had one of the best performances of last week compared to US counterparts due to the tariff implementation in US. The markets US markets suffered more than the markets in Europe if we calculate prices in euros. US main indexes SP500(-4.70%), Dow Jones (-4.49) and Nasdaq (-4.89%) were down a little shy of 5 percent, while Europian DAX (-2.71%) and Stoxx600 (-2.10%) were down less than 3 percent last week. Gold spot prises which have YTD return 3.42 percent, gained 2.31 percent last week.
SERBIA
D&B: Serbian public debt decreases fast
Serbia's public debt is falling sharply, the global credit rating agency Dun & Bradstreet said in its February report. The country managed to reduce its public debt from 74.7 %in 2015 to 63.6% at the end of 2017. This was a trigger for Fitch agency to revise Serbia’s credit rating upwards, the report from D&B says.
Source: Seebiz, Ilirika
Telenor Bank not to be sold to Czech PPF Group
Telenor Bank will not be sold to the Czech PPF Group, as confirmed for Novosti by the Telenor seat in Norway. Telenor Bank is not part of the transaction and Telenor still owns 100% of Telenor Bank – they point out in their answer to Novosti. The announced process of the sale of operations in the region of central and eastern Europe has no impact on the bank’s clients, nor their cooperation with the bank, in any way. All the deposits and credits are safe and Telenor Bank continues its regular operations.
Source: Ekapija
JESV: Jedinstvo keeps buying own shares
Jedinstvo Sevojno (JESV), infrastructural company, reported that it bought back additional 1,139 of own shares at Belgrade Stock Exchange. These stocks were acquired at a price of RSD 5,100 per share. At the moment the company holds 21,846 of own shares or 7.1% of total issued number. The buyback process is performed in line with GA decision from 22th June 2016.
Source: Belex, Ilirika
