Daily News - 10.07.2018
Datum objave: 10.07.2018
Insurers collected EUR 2bn in premiums last year, profit lower
Insurance companies operating in Slovenia posted EUR 2.03bn in gross written premiums last year, or 4.5% more than in 2016, cracking the EUR 2bn threshold for the first time. Combined net profit was down by 10% to EUR 125m due to higher claims.
Exports and imports in May 2018 higher than in May 2017
Exports in May 2018 amounted to EUR 2.6 billion and were 10.1% higher than in May 2017, while imports amounted to EUR 2.7 billion and were 10.4% higher than in May 2017. The value of exports in May 2018 was the second largest in 2018 (following only the value in March), and the value of imports was the largest recorded in recent years. Exports in May 2018 were 12.3% higher and imports 15.6% higher than the average value of monthly exports and imports in 2017. The export/import ratio in May 2018 was 99.5% and the external trade deficit was EUR 13.7 million. The deficit in trade in goods was influenced mostly by increased imports from EU non-member countries.
Source: Statistical Office of Republic of Slovenia
The value of industrial production in May 2018 higher at the monthly and annual level
Industrial activity in May 2018 increased by 0.7% compared to April 2018 and by 6.0% compared to May 2017. At the monthly level industrial activity in manufacturing increased (by 0.9%), while in mining and quarrying and in electricity, gas and steam supply it decreased (by 1.5% and by 1.8%, respectively). In May 2018 the value of industrial production was 22.3% higher than the average of 2015. As regards technological complexity in manufacturing, the largest long-term increase was recorded in medium-low-technology manufacturing (by 30.1%).
Source: Statistical Office of Republic of Slovenia
Geneplanet secures EUR 10m for expansion
Slovenian biotech company Geneplanet has secured a EUR 10m equity round from JF Investments, a Swiss investment fund. The funds will be used to finance the company's international expansion, the company said on Monday.
Irish fund looking to acquire Slovenian savings bank
Kylin Prime Group, a Chinese-backed fund registered in Ireland, is looking to acquire a majority stake in Hranilnica Lon, a small savings bank that is in the process of transformation into a bank. According to business newspaper Finance, the goal of the investors is to obtain a banking licence for the EU.
Dollar strengthens as trade war fears fade, risk appetite returns
The Chinese yuan rebounded and the dollar strengthened broadly on Monday as investors bought riskier assets, encouraged by signs that trade tensions have yet to hurt economic momentum.
As the second quarter corporate earnings season begins, investors appear to be ignoring the deepening conflict between the United States and China over trade.
Instead the focus is on decent economic data including favorable U.S. jobs figures and a healthy rise in German exports which have pushed the dollar and the euro higher.
Eiffel Fund to finance four energy efficiency projects by Resalta
Resalta has announced that it has successfully completed its first portfolio transaction with the Eiffel Energy Transition Fund, managed by Eiffel Investment Group.
The Eiffel Energy Transition Fund will provide bridge funding for energy efficiency projects that Resalta is implementing for its long-term client Gorenje. Four projects will be financed from this transaction: the second Gorenje combined heat and power project, a compressed air project and two cooling projects, all in Velenje, Slovenia, the home appliance maker’s headquarters. The four projects will generate 2.2 GWh of annual energy savings for the client, and reduce CO2 emissions by 1,100 tons each year
This marks Resalta’s first commercial paper issued in Slovenia. In this regard, this is a novelty as Resalta has not raised an ordinary debt and loan but rather a standardized financial instrument in a dematerialized form, registered with the KDD clearing house in Slovenia. The partner and mediator was Ilirika from Slovenia, the press release adds.
Ryanair planning expansion in Serbia
Ryanair's Chief Commercial Officer, David O'Brien, said last year that the company believed that the Serbian market has great potential. Ryanair launched operations to Serbia in 2016 by introducing flights to Nis Constantine the Great Airport, from which it now maintains services to five destinations.
Dnevne novice - 19.07.2018
19.07.2018 | Abanka ustanavlja družbo za upravljanje s terjatvami; Prihodek od prodaje trgovskega blaga v 2017 najvišji po letu 2008; V veljavi začasni ukrepi za zaščito evropskega trga pred povečanim uvozom jekla; Morgan Stanley v četrtletju z močno rastjo dobička; Poslovanje Novartisa v drugem četrtletju nad pričakovanji; Razpis za RTB Bor; NBS: Dobiček bank v Srbiji je konec leta 2017 znašal 68,7 milijarde din;
Daily News - 19.07.2018
19.07.2018 | Parliamentary committee okays bill facilitating NLB privatization; Turnover from the sale of goods in 2017 the highest after 2008; Stocks rise as Morgan Stanley and CSX surge on earnings; European stocks close higher as well; Tender for RTB Bor opens; NBS: Profit of banks in Serbia amounts to RSD 68.7 billion at end-2017; First half of 2018 sees 45,000 electronic building permits issued;
Dnevne novice - 18.07.2018
18.07.2018 | Deželna banka Slovenije z začasnim vodstvom; V maju 2018 približno 872.300 delovno aktivnih ali za 0,3 % več kot v prejšnjem mesecu; Goldman Sachs z rastjo četrtletnega dobička in novim glavnim izvršnim direktorjem; Easyjet ob rasti prihodkov zvišal napoved dobička; Predsednik Feda zagovarjal nadaljevanje politike višanja obrestnih mer; Johnson&Johnson z dobičkom in prihodki presegel pričakovanja; Telekom Srbija načrtuje nakup kabelskih operaterjev; Delta Holding še vedno čaka na dovoljenje za izvedbo treh projektov v Beogradu v vrednosti 400 milijonov evrov - Prihodki družbe 1H 2018 znašajo 30,1 milijarde din; Izvoz Srbije v letu 2017 se je povečal za 12,1%, uvoz za 13,6%;
Daily News - 18.07.2018
18.07.2018 | May brings more jobs; Adria Airways expands to Germany's Paderborn-Lippstadt; Nasdaq hits all-time high after Amazon reaches record, Netflix rebounds well off lows; European stocks close higher amid earnings; Telekom Srbija planning purchase of cable operators; Delta Holding still waiting for permits for realization of three projects in Belgrade worth EUR 400 million – Company's 1H 2018 revenues amount to RSD 30.1 billion; Serbia's exports up 12.1% in 2017, imports up 13.6%;
Dnevne novice - 17.07.2018
17.07.2018 | Ljubljanska borza: SBI TOP nekoliko navzdol; Maja na ljubljanskem letališču 15-odstotna rast potniškega prometa; Znižanje cen nafte; Newyorške borze neenotno; IMF kljub povečanim tveganjem za zdaj ohranja napoved globalne gospodarske rasti; Naložbe v informacijsko tehnologijo v Srbiji znašajo 62 evrov na prebivalca - evropsko povprečje 800 evrov; V Ljubljani uradno odprt srbsko-slovenski poslovni klub - blagovna menjava obeh držav je presegla milijardo evrov;
Daily News - 17.07.2018
17.07.2018 | Slovenia to launch IPO of lender NLB in 2018; SBI TOP 0.1% lower in mixed trading; Financials lead Dow higher after better-than-expected earnings from Bank of America; European stocks close lower as Trump and Putin meet; earnings season in focus; State considering three options for earnings tax reduction; Investments in IT in Serbia at EUR 62 per capita – European average up to EUR 800; Serbian-Slovenian business club officially opens in Ljubljana – Trade between two countries exceeds EUR 1 billion;
Dnevne novice - 16.07.2018
16.07.2018 | Gospodinjstva v četrtletju izboljšala finančni položaj; Komisija jemlje na znanje odločitev vlade glede NLB; Indija vstopila med delničarje EBRD; Bosch in Daimler bosta v ZDA testirala samovozeče taksije; Kitajci bodo gradili avtocesto v Republiki srbski; Srbska gospodarska zbornica v regiji izpostavlja sodelovanje s Slovenijo;
Daily News - 16.07.2018
16.07.2018 | Government to discuss NBL sale, lawsuit against Croatia; Govt approves additional EUR 30m for Eko Sklad; The value of construction put in place 3.4% higher than in April 2018 and 30.3% higher than in May 2017; Facebook i Amazon vodili Nasdaq do novog rekorda; Evropa u plusu nakon pada od prekjuče; NBS: Annual inflation in June at 2.3%; NBS: No change in key policy rate;
Daily News - 13.07.2018
13.07.2018 | Government to discuss NBL sale, lawsuit against Croatia; Govt approves additional EUR 30m for Eko Sklad; The value of construction put in place 3.4% higher than in April 2018 and 30.3% higher than in May 2017; Nasdaq rises to all-time high as Amazon and Facebook hit records; European markets close higher after latest trade war jolt; NBS: Annual inflation in June at 2.3%; NBS: No change in key policy rate;
Dnevne novice - 13.07.2018
13.07.2018 | Adria Airways z največjo floto letal doslej; Vrednost v maju 2018 opravljenih gradbenih del za 3,4 % višja kot v aprilu 2018 in za 30,3 % višja kot v maju 2017; Izvoz Kitajske bolje od tržnih pričakovanj; Evropske borze navzgor; NBS: Letna inflacija v juniju znaša 2,3 odstotka; NBS: temeljne obrestne mere nespremenjene;