SLOVENIA
SBITOP index lost 0,15 percent on Monday
SBITOP index lost 0.15 percent on Monday, ending the trading day at 825.06 points. The stocks that gained the most were the stocks of Gorenje (+3.92%), Telekom Slovenije (+0.69%) and the stocks of SavaRe (+0.64%).
Gorenje selling Surovina and Gorenje Tiki
According to STA Gorenje is planing to sell companies Surovina and Gorenje Tiki. Surovina, which deals with acquiring secondary raw materials from waste, to be sold by the start of June. Also this year Gorenje is planing to sell Gorenje Tiki which deals with heaters.
Source: STA
Slovenia continues to be a net exporter in 2016
In 2016 Slovenia exported goods worth of EUR 25 billion and imported goods in the amount of EUR 24.1 billion. The trade balance, that is the ratio between the value of exports and imports, was therefore positive (EUR 859 million). Slovenia exported almost 4% more goods than it imported.
INTERNATIONAL MARKETS
More than 4 percent correction on the US and Asian markets – Europe can follow today
The beginning of the week was marked by more than 4 percent correction in the US and Asian markets. All major indices lost - SP500 (-4.10%), Dow Jones (-4.60%), Nasdaq (-3.78%) and Nikkei (-4.73%).
Industrial producer prices up by 0.2% in euro area
In December 2017, compared with November 2017, industrial producer prices rose by 0.2% in the euro area (EA19) and by 0.1% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In November 2017, prices increased by 0.6% in the euro area and by 0.7% in the EU28.
Source: Eurostat
SERBIA
World Bank: Strong reforms might lead to 5% growth of Serbia’s GDP
By selling off major state-owned firms and removing regional trade barriers, Serbia could double the size of its economy over the next two decades, Stephen Ndegwa, the World Bank country manager for Serbia, believes. If there are bold reforms in the coming 12-18 months you can begin to get to four or five percent (growth) within two years – Stephen Ndegwa told Reuters on Friday, February 2, 2018. According to him, if Serbia sustains five percent growth over the next 15 years, it can double the size of the economy. Serbia's economy grew around two percent last year and is expected to grow 3.5 percent this year, Reuters reports.
Source: Ekapija
Serbia not to be left without gas
Serbia will not be left without gas even if Russia firmly decides to stop the delivery through Ukraine in 2019, stated General Manager of the PE Srbijagas, Dusan Bajatovic. Our country has already signed long-term contracts on supply with Russia's Gazprom and on transit through Hungary – Bajatovic told Politika. According to him, with the expansion of the capacities of the existing gas storage in Banatski Dvor, 10 million cubic meters of gas will be produced daily, which is enough to cover the daily needs of Serbia during the coldest days.
Source: Ekapija
Russians to increase ownership in South Stream Serbia AG?
The Board of Directors of the Russian giant Gazprom will deliberate on the purchase of an additional share in the company South Stream Serbia AG on February 13, the Russian company announced. Let us remind that a joint project company of Serbia and Russia, South Stream Serbia AG, 51% of which is owned by Gazprom and 49% of which is owned by Serbia, was founded in Switzerland for the purpose of the construction of the South Stream Pipeline along the bottom of the Black Sea. The project was supposed to diversify the supply of Russian gas to Europe.
Source: Ekapija
