SLOVENIA
Another week of gains for SBITOP index
SBITOP index gained 0.3 percent on Friday and 0.57 percent throughout the week. Throughout the week, the shares of Luka Koper, Gorenje and Krka gained the most with 4.43, 2.75 and 1.72 percent returns. On Wednesday, Gorenje adopted a decision on the issuing of 15 million EUR of short-term debt (p.a. interest rate 1.9 percent) with the interest period starting on February 1, 2018 and with the maturity being on December 21, 2018.
Source: Ilirika, Gorenje
EU AND US
Strong Euro continued last week
Over the past week, most of the world indices, converted into euros, lost somewhat on their values, mainly due to the 1.35% rise in the euro against the dollar in the previous week.
Good results of Caterpillar and 3M
Caterpillar (CAT) posted good results for the fourth quarter. The company earned $ 2.16 per share on the fourth quarter revenue, which was up 34.7 percent year-on-year. In the fourth quarter, 3M (MMM) had $ 2.10 earnings per share, while revenue in fourth period rose 9 percent in the year-on-year comparison to $ 7.99 billion.
SERBIA
First IPO at Belgrade Stock Exchange by mid-2018 – Fintel Energija expects to gather EUR 15 million
The first Initial Public Offering (IPO) should be realized at the Belgrade Stock Exchange (BSE) by mid-2018, after 78 years, and the company in question is Fintel Energija a.d, a daughter-company of Fintel Energia S.p.A. For nine months now, there have been efforts towards to IPO process for this energy company and we expect that the Belgrade Stock Exchange might get the first IPO in the first half of the year – the director of the BSE, Sinisa Krneta, told Beta. An amount of EUR 15 million is expected to be gathered, and the money is to be invested in the second phase of the 177-MW Kosava wind farm, as well as other projects in development.
Source: Ekapija
PM has "important meetings with investors" in Davos
Prime Minister Ana Brnabic has told RTS in Davos that Serbia is "increasingly present in world trends." Brnabic also noted that during her stay at the World Economic Forum in Davos she had several important meetings with investors. She assessed that the most significant were meetings with companies that already operate in Serbia, and from whom she received confirmation that they are interested in expanding their business. She said she spoke with presidents of large corporations, such as Tarkett, Japan's Itocha and French Suez, who were interested in her vision of further development of Serbia, stability for business and new opportunities, because they want to expand their presence in Serbia.
Source: b92
