SLOVENIA

Zavarovalnica Triglav and Luka Koper gained 0.64 and 0.61 percent 

Zavarovalnica Triglav and Luka Koper gained 0.64 and 0.61 percent. Slovenian stock market index SBITOP lost 0.21 percent yesterday and closed at 835.44 points. The stocks that gained the most were stocks of Zavarovalnica Triglav (0.64%) and Luka Koper (0.61%). At very low levels of trading Gorenje and SavaRe lost 4.20 and 1.76 percent respectively.

 

Bank association of Slovenia: Swiss francs loans are not a systemic problem in Slovenia

Bank association of Slovenia said that Swiss francs loans are not a systemic problem and that the proposed law for their resolution encourages irresponsible behavior and socializes losses.

 

INTERNATIONAL MARKETS

Markets in the US had the biggest drop since September 2017

Yesterday important assets lost value almost across the board. 10-year US treasury yield went higher up to 2.71 percent, SP500 and Dow Jones both lost 0.67 percent and gold lost 0.65 percent.

 

Big US earnings week

Lockheed Martin reported better-than-expected fourth-quarter revenue on account of higher F-35 fighter jet sales. This week is a big earnings week in the US where companies like AMD, Qualcomm, Boeing, McDonald's, Apple, Chevron and Facebook are among the companies scheduled to report.

 

SERBIA

 Serbia to strengthen cooperation with FAO and EBRD in agriculture

Promoting Serbian agricultural exports, modernizing the country’s water management systems and developing food quality labelling and geographical indication schemes were at the heart of a three-way meeting today in Serbia. At the meeting, Serbia’s Ministry of Agriculture, Forestry and Water Management, the Food and Agriculture Organization of the United Nations (FAO) and the European Bank for Reconstruction and Development (EBRD) agreed to sign a Memorandum of Understanding (MoU) pointing to the continued commitment of the three partners to strengthening Serbia’s agrifood sector.

Source: Ekapija

 

Construction of bypass route from Ostruznica to Bubanj Potok to begin on February 1 – Section 19.5 km long, job worth USD 207 million

The construction of a bypass route around Belgrade, from Ostruznica to Bubanj Potok, will begin in early February, Deputy Prime Minister and Minister of Construction, Transport and Infrastructure Zorana Mihajlovic announced. Mihajlovic said that the 19.5 km long section, worth USD 207 million, would be built by the Azerbaijani company Azvirt, whereas the works would be supervised by the Roads of Serbia, the ministry announced. She added that the works on the section from Ostruznica to Bubanj Potok would be completed by 2020.

Source: Ekapija

 

Chinese company Zijin Mining interested in RTB Bor

The Chinese company Zijin Mining is interested in RTB Bor, the company's executive director, Chen Jinghe, said on Saturday, January 27, 2018. For us it's very important for the production capacities to expand, as the expenses would drop accordingly, and for the production to expand, large investments in mechanization and production are needed, in order to build three facilities such as you had the opportunity to see at our company, as RTB Bor might be competitive in the market by increasing its capacities – he said. Chen Jinghe added that it was clear that the project was full of challenges, but that the company had a comparative advantage regarding how innovative its technology was.

Source: Ekapija

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