SLOVENIA
SBITOP index lost -0.37 percent
SBITOP index lost 3 points on Wednesday trading day reaching at 815.86 points. Stock of Gorenje experienced a price gain (+2.91%) at very low levels of trade (8,64 thousand EUR). Noticeable movements of stocks that trade in volumes above 50 thousand EUR level are Krka (-1.38%), Petrol (-0.29%) and Zavarovalnica Triglav (-0.24%).
Slovenia Producer Price Inflation Steady at 2.2% in January
Slovenia annual producer price inflation was steady at 2.2 percent in January of 2018. Prices rose at the same pace as in December for manufacturing (2.5 percent) and advanced at a faster pace for mining and quarrying (2.0 percent vs 1.3 percent). On the other hand, prices declined for water supply (-5.9 percent, the same as in December 2017) and for electricity, gas, steam and air conditioning supply (-3.4 percent vs -3.7 percent). On a monthly basis, producer prices went up 0.6 percent.
Slovenia Jobless Rate Declines to 9% in December
The unemployment rate in Slovenia was down to 9 percent in December of 2017 from 10.8 percent a year earlier. The number of unemployed persons decreased by 17 thousand to 82,379 and employment rose by 31.7 thousand to 856,201. In December, 8,225 persons were officially registered as newly unemployed, 8.8 percent less than in the same month a year ago. Among the newly registered, 5,341 were unemployed due to expiration of the fixed-term employment; 671 were seeking for a first job and 1,274 were jobless due to permanent redundancies and bankruptcies. In November of 2017, the jobless rate was slightly lower at 8.7 percent.
Source:TE
INTERNATIONAL MARKETS
Production in construction up by 0.1% in euro area
In December 2017 compared with November 2017, seasonally adjusted production in the construction sector increased by 0.1% in the euro area (EA19) and by 0.6% in the EU28, according to first estimates from Eurostat, the statistical office of the European Union.
US Factory Growth Highest Since 2014: PMI
The IHS Markit US Manufacturing PMI rose to 55.9 in February of 2018 from 55.5 in January, beating market forecasts of 55.4. The reading pointed to the strongest expansion in the manufacturing sector since October of 2014, mainly boosted by new business and employment, preliminary estimates showed.
Germany Manufacturing PMI
The IHS Markit Germany Manufacturing PMI fell to 60.3 in February of 2018 from 61.1 in January and slightly below market expectations of 60.6. The reading pointed to the slowest expansion in the manufacturing sector sector in six months, preliminary estimates showed. Factory output growth stayed strong but eased to a four-month low, the pace of expansion moderating further from December’s recent peak. Also, new orders rose the least in seven months and new export orders orders the least in 12 months. Job creation moderated and input costs increased amid bottlenecks in supply chains, higher prices paid for raw materials such as steel and salary pressures; factory selling prices rose the most since April of 2011. Finally, business confidence weakened to the lowest in three months.
Source:Markit Economics.
SERBIA
Protocol on reconstruction of Belgrade-Zagreb railway to be signed on March 5
Serbian Minister of Construction, Transport and Infrastructure Zorana Mihajlovic announced that Croatian Minister of Maritime Affairs, Transport and Infrastructure Oleg Butkovic would arrive to Belgrade on March 5 as part of a bilateral visit to Serbia, on which date the protocol of cooperation on the project of reconstruction of the Belgrade-Zagreb railway is to be signed as well. Following the signing of the protocol, the first next step is to prepare for a joint application with the European Union for securing finances, primarily for the preparation of project-technical documentation and then for the works themselves – Mihajlovic said.
Source: Ekapija
Around EUR 53.5m for overhaul of TENT A4 unit – Works to begin in March 2018
The overhaul of the unit A4 at the Thermal Power Plant Nikola Tesla A (TENT A) will begin in March, it was announced at the meeting between representatives of Elektroprivreda Srbije (EPS) with the contractors on February 20. This is one of the most important investments within the EPS system this year, as the investment of around EUR 53.5 million will increase the power of the unit to 332 MW, extend its life cycle and upgrade energy efficiency and environmental protection, EPS announced. The work schedule was agreed at the meeting and the works should start in March. The last overhaul of A4 was performed in 2007. It provided the unit with another 11 years of stable operations.
Source: Ekapija
AERO: IndiGo sees potential in flights between India and Serbia – Company planning to expand to European market
The biggest Indian airline IndiGo sees potential in the Serbian market in the near future, the company said after announcing their plans for expansion in Europe. As the company told EX-YU Aviation News, IndiGo has already had talks with the Serbian government. We plan to continue these talks and explore opportunities to serve the market sometime in the future, in order to offer affordable and unmatched travel experience to passengers between India and Serbia.
Source: Ekapija
