SBITOP Index loses 0.06 percent
SBITOP Index lost 0.06 percent and closed at 831.65 points on Wednesday. Blue-chip stocks, which gained the most were Zavarovalnica Triglav (+0.96%) and Petrol (+0.86%), while Gorenje shares performed the worst and lost 3 percent. Telekom Slovenije also lost 1.14 percent during the trading day.
EIB agrees to lend EUR 50 million to SKB Group to support SMEs in Slovenia
The European Investment Bank agreed to lend 50 million euros to SKB Group to help them support around 500 small and medium-sized companies. Part of funding will be divided among SMEs employing young people under 30, which are taking part in the initiative Jobs for Youth. The EIB has committed itself to strengthen its cooperation with commercial banks and fund more similar projects supporting Slovenian SMEs.
During a heavy week of earnings reports most of the companies with better than expected revenues
Markets in US were up yesterday after two-day selloff. Companies like Microsoft, Boeing, Anthem, Facebook and Lilly had recently had their earrings released with better than expected earnings similar as majority of the companies this earning season.
Euro zone inflation slows in January
According to Eurostat estimate, inflation in the euro area slowed to 1.3 percent in January, down from 1.4 percent last December, proving the ECB and its cautiousness right. Inflation excluding energy and unprocessed food, however, rose to 1.2 percent, after a puzzling drop to 1.1 percent in October 2017. Unemployment rate in the euro zone was 8.7 percent in December 2017, staying stable compared to November but remaining at the lowest rate since 2009.
Serbia's GDP growth accelerates to 2.5% y/y in Q4 - flash estimate
The Serbian economy expanded by a real 2.5% year-on-year in the fourth quarter of 2017, the country's statistical office said in a flash estimate on Wednesday. Serbia’s real gross domestic product (GDP) growth quickened to 2.1% year-on-year in the third quarter of 2017 from 1.3% in the previous quarter. The statistical office said it will release more details on the fourth-quarter GDP on February 28.
Source: SORS, Seenews
Serbia's industrial output growth slows in 2017 to 3.5%
Serbia's industrial production increased 3.5% in 2017, after growing 4.7% in 2016, statistical office data showed on Wednesday. In December alone, Serbia's industrial production increased 0.5% year-on-year, after growing 5.5% in November, the data indicated. On a seasonally adjusted monthly comparison basis, industrial output rose 1.7% in December, following a 1.2% decrease in November.
Source: Seenews, SORS
Serbia mulls motorway from Cacak to border with Bosnia
Serbia is analysing a project for the construction of a motorway connecting Cacak, in the country's central part, to Kotroman, on the border with Bosnia and Herzegovina, Serbia's president Aleksandar Vucic has said. The motorway is projected to run through Visegrad on Bosnian territory before reaching the country's capital Sarajevo, Vucic said in a video file posted on the website of Serbian news agency Tanjug on Monday.