SBITOP index lotst 2.8 percent
Slovenian stock index SBITOP lost 2.08 percent in a second day of correction in Ljubljana exchange. The shares that lost the most in in their market value were the stocks of Intereuropa (-3.00%), Telekom Slovenije (-2.96%), SavaRe (-2.94%) in Krka (-2.41%).
European markets droped on Tuesday trading day after Monday's Wall Street decline
The pan europian stock index, the Stoxx Europe 600 index (SXXP) declined in value by 2.41 percent to 372.79 points, which is the lovest close sice the summer. German DAX30 index (DAX) lost 2.32 percent, French CAC (PX1) lost 2.32 percent, and the UK's FTSE 100 index lost 2.64 percent.
The US markets gained in turnaround Tuesday, Europe likely to follow on Wednesday trading day
Wall Street indexes Dow Jones (+2.33%), SP500(+1,74%) and Nasdaq (+2.13%) gained in Tuesdays turnaround. Among winners were the stocks of TripAdvisor(+14,65%), Micron Technology (+11.37%), Skyworks Solutions (10.44%), Newell Brands (+10.07%) and Tapestry (9.01%).
BNP Paribas raises its profits
The French banking giant BNP Paribas concluded 2017 with just under 7.76 billion euros of net profit, up 0.7 percent from 2016. Revenues fell 0.6 percent to 43.16 billion euros. They pointed to the still demanding environment in the banking industry, but they are satisfied with the business.
The year 2025 is just an indicative date for Serbia’s full EU membership
Jean-Claude Juncker says that 2025 is not the year when Serbia and Montenegro "would have to" join the EU - but rather "an indicative date, an encouragement." Juncker said it was wrong to represent him and the European Commission as having said that Serbia and Montenegro must be in the EU by 2025. That is an indicative date; an encouragement so that the parties concerned work hard to follow that path," he said, the EC president said in Strasbourg before the unveiling of the EU's enlargement strategy. He also said that Serbia and Montenegro, as countries that advanced most, received "a new date that should speed things up."
Sale of Telenor Bank falls through – Bulgarian River Styxx Capital fails to obtain permission from NBS
The Bulgarian fund River Styxx Capital will not become the owner of Telenor Bank, Novosti reports, saying that it has been confirmed for the daily by the National Bank of Serbia (NBS) that the fund did not get a permission for the acquisition of a majority share package of the bank owned by the telecommunications operator. The NBS did not give permission to the said fund to take over a majority share package in Telenor Bank, that is, it didn't issue consent for acquiring an ownership in the bank, because it had determined from the submitted request and documentation that the company didn't meet the conditions defined by the regulations of the Republic of Serbia – the NBS said.
Another EUR 30 million of support to small and medium enterprises in Serbia – Banca Intesa and EIB sign new loan agreement
The European Investment Bank (EIB) and Banca Intesa have signed an agreement on a loan worth EUR 30 million for support to small and medium enterprises. The agreement was signed by EIB Vice President Dario Scannapieco and the chairwoman of the Executive Board of Banca Intesa, Draginja Djuric, who reminded that the bank had a great cooperation with the EIB. Scannapieco reminded that, in 2018, the EIB had signed agreements on two credit lines with Erste Bank and the company S Leasing, worth EUR 60 million, and with Societe Generale, worth EUR 50 million, as well as two agreements on investment grants of EUR 73 million.