Daily News - 15.02.2018
Published: 15. 02. 2018

SLOVENIA

SBITOP gained 0.26 percent

SBITOP gained 0.26 percent yesterday and reached 813.53 points. The most traded stock were stocks of Telekom Slovenije (+0.23%) and Zavarovalnica Triglav (2.33%), the latter one being the biggest gainer in market value of the day. Gains of Zavarovalnica Triglav were followed by SavaRe (+1.19%), Intereuropa (+1%) and Luka Koper (0,64%). The stocks that lost the most were the stocks of Krka (-0.69%) and the stocks that lost the most outside of SBITOP index were the stocks of Mercator (-10%).

Bank profits up by a quarter in Slovenia

Last year, banks in Slovenia generated EUR 411 million in pre-tax profits, an increase of 21 percent over the year before. Profit after taxes increased by 27.1 percent to EUR 422.6 million. At the system level, banks released net impairments and provisions last year, totaling EUR 40 million.

Gorenjska banka generated EUR 15.6 million of profit

Gorenjska banka generated EUR 15.6 million of profit from regular operations last year, formed 5.5 million impairments and provisions and reached 10.1 million in pre-tax profits. The achieved results are noticeably above the planned ones and exceed those in 2016, they reported from the bank, which had a net profit of 6.5 million euros.
Source:STA

In the fourth quarter of 2017, 20.9% of employers were seeking new labour force

In the fourth quarter of 2017 around 3,700 more job vacancies and 23,700 more occupied post were recorded in Slovenia than in the same quarter of 2016. The job vacancy rate went up by 0.4 of a percentage point.
Source: SURS

INTERNATIONAL MARKETS

ThyssenKrupp increased its profit

German industrial giant ThyssenKrupp increased its operating profit to 444 million euros thanks to higher steel prices in the last three months of 2017. Inside the group, the best results were recorded by the lift unit, the report on the business is summarized by the German press agency dpa.

GDP up by 0.6% in both euro area and EU28

Seasonally adjusted GDP rose by 0.6% in both the euro area (EA19) and the EU28 during the fourth quarter of 2017, compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union. In the third quarter of 2017, GDP grew by 0.7 % in both zones. Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 2.7 % in the euro area and by 2.6 % in the EU28 in the

SERBIA

NBS: Serbia's economy to expand by 3.5% annually in 2018, 2019, NBS says

Serbia's economy will grow by around 3.5% in 2018 and as much in 2019, the governor of the country's central bank said on Wednesday. Growth will be backed by economic policy measures, Jorgovanka Tabakovic is quoted saying in a statement issued by the central bank. She noted that investments are expected to be strong over the next two years, as an improving business environment and projects in infrastructure will boost economic growth. Easing monetary policy will be another favorable factor, Tabakovic commented.
Source: NBS, Seenews

NBS: Serbia's c-bank says inflation to remain within target

Serbia's central bank said on Wednesday it expects Serbia's inflation to stay on target at about 3% over the next two years, with a possible deviation of 1.5% in either direction. In conditions of low inflationary pressure and based on other both domestic and international factors, inflation will move closer to the lower limit or 1.5% in 2018, the central bank said in a publication. In the medium term, however, a gradual recovery of domestic demand should influence moderate inflation growth and its continued movement within the target band, the central bank noted.
Source: Seenews, NBS

AERO: Serbian state to undertake limited closed share issue

Serbia is about to undertake limited share issue at Belgrade Airport (AERO), in order to boost the company’s capital with non-cash items. Namely, state owned land near Belgrade Airport is about to be transferred into the company and this is the major reason for additional shares. The company is about to issue 120,521 of new shares which will be state owned. Minorities are not considered. Overall, this will result only in a minor hike in overall state ownership at the company (83.2% vs. earlier 83.1%). This should be all approved at incoming EGM, scheduled for 9th March 2018.
Source: Belex, Ilirika