SLOVENIA
SBITOP Index lost 0.65 percent on Wednesday, which means it closed at 830.45 points. Most stocks were losing during the trading day, the two exceptions were Mercator (+11.54%) and Zavarovalnica Triglav (0.32%). Stocks, which lost the most overall were Unior Zreče (-3.33%), SavaRe (-2.89%) and Tovarna olja Gea (-1.94%).
EU and US
Qualcomm has been fined 997 million euros by the European Union for paying Apple to use its chips. According to the regulators, the payments were illegal and were meant to block out competitors like Intel. Qualcomm will appeal the decision, however, this morning its shares fell 1.2 percent in pre-market trading.
On the second day of the World Economic Forum in Davos German chancellor Angela Merkel warned that protectionism is not the answer to global challenges. She said the Eurozone must be strengthened and that the EU must complete the banking union. She insisted member states must cooperate on the foreign policy front as nationally made foreign policies are bound to fail.
BALKAN
The majority owner of Energoprojekt Holding (ENHL), Dobrosav Bojovic, said on Monday, January 22, 2018, that he would sue the Securities Commission of the Republic of Serbia over the revocation of the right of vote from the company in dependent companies Industrija and Oprema. On January 19, the Securities Commission adopted a temporary decision revoking the right of vote from Bojovic until, as said, he buys out the shares of small shareholders in Industrija and Oprema. Previously, his right of vote in the third dependent company, Entel, was revoked as well. Bojovic said that he had made offers for the purchase of shares in Oprema and Industrija, but that the Securities Commission “didn't accept them, thereby violating several laws”.
Source: Ekapija
The Privatization and Capital Investment Council of the Government of Montenegro has not yet revealed the privatization plan for 2018, and as Danas learns, the submission of the proposal is in progress. Investors from Serbia are also interested in the Port of Bar, currently in the public focus. Serbian officials have said on several occasions that they don't exclude the possibility of the purchase of the shares of the Port of Bar. The importance of the Port of Bar for Serbian businessmen and vice versa was also shown by the presentation of the port's potentials, held in December 2017 in Belgrade in the organization of the chambers of commerce of Serbia and Montenegro. The management of the Port of Bar expressed the readiness to enhance the cooperation with the business partners from Serbia at the time. Judging by the statements of the management of the Port of Bar, they are very satisfied with the business arrangement with Fiat Kragujevac.
Source: Ekapija
At the auction of 5-year Government Bonds of the Republic of Serbia, issued on 23rd of January 2018, the volume of T-bonds issued amounted to RSD 110bn. The total volume of offers amounted to RSD 28.4bn. Government Bonds in the amount of 933,877 were realized, having the total nominal value of RSD 9.3bn. T-bonds were sold at YTM of 4.30%. The maturity date of the sold bonds will be 25th of January 2023. The coupon (4.50% annually) payment date is 25th of January. YTM on todays auction was 2.2 percentage points lower when compared to that one of the previous auction of the same maturity, held on October 20th 2015. Receiving from the auction of the Government Bonds will be used for repayments of public debt liabilities which mature in January 2018.
Source: Ministry of Finance
