SLOVENIA
SBITOP gained 0.14 percent
SBITOP index closed at 810.62 points yesterday, gaining 0.14 percent. Stocks of Gorenje (+1.49%), Telekom Slovenija (+1.44%) and SavaRe (1.18%) gained the most. Due the second week of holidaay season the levels of trade remain low.
MF grants primary dealerships to four banks to issue additional bonds
The Ministry of Finance granted Barclays, Deutsche Bank, Goldman Sachs International, HSBC and JP Morgan a mandate to organize additional bond issues that are due in 2028, 2035, and 2045 for the purposes of turnover of dollar nominated bonds.
Source: Ministry of finance of Republic of Slovenia, Ilirika
Inflation in February 2018 at the annual level 1.2%, at the monthly level 0.7%
In February 2018 annual inflation stood at 1.2% and monthly at 0.7%. In one year goods and service prices increased by 1.3% and 1.0%, respectively. Annual inflation was influenced mostly by higher prices of food and monthly inflation by higher prices of clothing.
Source: Statistical Office of the Republic of Slovenia
INTERNATIONAL MARKETS
European stock exchanges ended in red
Indices at major European stock exchanges ended trading today mostly in red. Investors were kept in expectation of developments at New York stock exchanges, where attention was focused on the first address by the new Federal Reserve Fed Chairman Jerome Powell.
Orders of durable goods in the United States went down January
The volume of orders for durable goods declined by 3.7 percent in January compared to December, according to the US Department of Commerce. The volume of orders for so-called basic capital goods without the aviation and military sector, which is a good forecast for future corporate investment, fell by 0.2 percent in the meantime.
SERBIA
NBS: Annual inflation expected at 3% for one year ahead period
According to January survey results, short- and medium-term inflation expectations of the financial and corporate sectors continued moving within the target tolerance band (3±1,5%). The financial and corporate sectors expect that one-year ahead inflation will stand at 3.0%, i.e. at the NBS midpoint in January 2019. Medium-term inflation expectations (for January 2020) are also within the target band, at 3.0% with respect to the corporate sector and 3.5% with respect to the financial sector.
Source: NBS
CCNB: Halkbank increases capital by EUR 20 million – Turks own 99.94% share
Halkbank Belgrade (CCNB) has increased its capital by EUR 20 million by issuing shares to a qualified investor, the bank announced. The majority owner, T.Halk Bankasi, was the only purchaser of the shares and it bought 98.505% of the total volume, that is, 236,412 shares. The Turkish bank thereby continued the process of investments in Serbia, which started with the purchase of 76.75% of the shares from the EBRD, the IFC and the Republic of Serbia in May 2015 and continued with an increase in capital by EUR 10 million in November 2015.
Source: Ekapija
AERO: Belgrade Airport reported nearly flat FY 2017 net profit at RSD 3.2bn
Belgrade Airport (AERO) reported RSD 3.2bn in its FY 2017 net profit, which is nearly flat y/y or more precisely up only 2.3% y/y. The result is in line with the company’s announcement we saw earlier in late 2017. The company’s operating sales came in at RSD 9.3bn, up 10.1% y/y, in line with hike in number of serviced passengers and supported by expansion in volume of traffic. Operating profit was up 12.2% y/y to RSD 4bn, in line with jump in sales, while operating profitability was only slightly improved (EBIT margin was up from 42.1% in 2016 to current 42.9%). The company’s other result was slightly negative at RSD 155m, due to FX loss and this prevented higher expansion at net profit line.
Source: Belex, Ilirika
