Daily News - 05.02.2018
Published: 05. 02. 2018

SLOVENIA

Correction of SBITOP index last week

SBITOP index dropped for 1,3 percent last week. Correction in the market effected all stocks of the index outside of Petrol. The biggest declines experienced the stocks of Luka Koper (-5.15%), Cinkarna (3,17%) and Intereuropa (-2,88%).

Slovenian gaining in terms of Economic Freedom

Slovenia on 64. place in the Economic Freedom Index by the Heritage Foundation. The placement represents a 33-place increase in a single year. Top spots are held by Hong Kong, Singapore in New Zealand.

INTERNATIONAL MARKETS

Selloff in the world markets last week

Last week markets across the globe experienced a sell-off which amounted to a correction of 4 percent level for the US markets last week, while European markets lost more than 3 percent and Asian more than two.

Germany is hiring

One of the leading economic research institutes in Europe, the Ifo Institute, reports that German companies are planning to hire more staff. The Ifo Employment Barometer rose to 113.5 points in December from 113.2 points in November. This marks a new historical record high. Ifo institute continues to report that manufacturers plan to significantly increase their staff numbers and the barometer also hit a new record high in the sector. Almost all important branches are planning to recruit more personnel. Willingness to recruit remains high in distribution and construction. Service providers in the shipping and logistics branch in particular are seeking additional staff.

SERBIA

AIKB: NBS withdraws authorization to AIK Bank for acquisition of Gorenjska

The National Bank of Serbia (NBS) has withdrawn the authorization it gave to AIK Bank for the acquisition of Slovenia’s Gorenjska Banka, as the regular control procedure has shown irregularities in the operations of the Serbian bank, the NBS confirmed for Tanjug. Potential new authorization would require another application by AIK, whereby the NBS would, as always, evaluate formal and essential meeting of all the requirements proscribed by the law, the central bank of Serbia says. As they remind, the acquisition of a share in another financial institution, up to the defined limit, including the acquisition of financial institutions in other countries, requires approval by the NBS, which is conditioned on a positive assessment of the meeting of all the requirements.
Source: Ekapija

Serbia's central govt debt falls to 61.5% of GDP at end-2017

Serbia's central government debt has decreased to EUR 23.5bn at the end of 2017 from EUR 24.8bn a year earlier, according to finance ministry data. The debt was equivalent to 61.5% of the projected 2017 gross domestic product (GDP), down from 71.9% at the end of 2016, the finance ministry said in a public debt report published on its website.
Source: Seenews

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