SLOVENIA
SBITOP down 0.13% on Friday
Slovenian blue-chip index, SBITOP lost 0.13 %on Friday. The most trade name on Friday was a pharmaceutical accompany Krka, with EUR 69,800 in volume, while its stock price was down 0.7%. Top gainers were Intereuropa and Triglav, with jumps of 2.56% and 1.27% respectively. Top losers were Mercator, with 4.27% decline and Telekom Slovenija, which lost 1.18%.
Source: LJSE, Ilirika
Kolektor Etra last year exceeded the hundred million euros in revenue for the first time
The company Kolektor Etra, which deals with the production of energy and generator transformers, increased revenues by 15 percent last year for the first time has exceeded 100 million euros of turnover. As the CEO of Tomaž Kmecl explained to STA, profitability remains at a high level.
Source: STA
INTERNATIONAL MARKETS
European stock exchanges ended up in the red last week
The investors were upset by US President Donald Trump, who announced customs duties on steel and aluminum. They have already reacted vigorously in Brussels, but also in Canada, Brazil, Mexico and China, where they have already announced countermeasures. Meanwhile, the value of the euro has grown, and oil prices have also risen.
Source: STA
Jean-Claude Juncker: We will not sit idly
On Friday, Jean-Claude Juncker, the head of the European Union Commission, said, “We will not sit idly while our industry is hit with unfair measures that put thousands of European jobs at risk.” He promised “counter measures against the U.S.” within the next few days. “The EU will react firmly and commensurately to defend our interests,” he said.
President Donald Trump tweeted Saturday that he would consider a tax on imported cars if European leaders increased tariffs on U.S. goods
“If the E.U. wants to further increase their already massive tariffs and barriers on U.S. companies doing business there, we will simply apply a Tax on their Cars which freely pour into the U.S.,” Trump tweeted, signaling he would not shy away from a trade war with Europe, traditionally a staunch U.S. ally. “They make it impossible for our cars (and more) to sell there. Big trade imbalance!”
Source:MW
SERBIA
Serbian banks' NPL ratio falls to 11.1% at end of November
The Serbian banking sector's non-performing loans (NPL) ratio declined to 11.1% at the end of November, down from 17.03% in December 2016, the country's central bank, NBS, said on Friday. The country's banking sector reduced the ratio by 11.2 percentage points in the period between the adoption of the NPL resolution strategy in August 2015 and November 2017, NBS said in a report on the lending activity of the Serbian banks. The banks wrote off 102 billion dinars ($1.06 billion/864.6 million euro) of NPLs in 2017, the NBS said. The Serbian banking sector's NPL ratio in the corporate segment declined to 11.9% at the end of November, down by 5.6 percentage points compared to December 2016, the central bank noted.
Source: SeeNews
Serbian banks' NPL ratio falls to 11.1% at end of November
The Serbian banking sector's non-performing loans (NPL) ratio declined to 11.1% at the end of November, down from 17.03% in December 2016, the country's central bank, NBS, said on Friday. The country's banking sector reduced the ratio by 11.2 percentage points in the period between the adoption of the NPL resolution strategy in August 2015 and November 2017, NBS said in a report on the lending activity of the Serbian banks. The banks wrote off 102 billion dinars ($1.06 billion/864.6 million euro) of NPLs in 2017, the NBS said. The Serbian banking sector's NPL ratio in the corporate segment declined to 11.9% at the end of November, down by 5.6 percentage points compared to December 2016, the central bank noted.
Source: SeeNews
Serbia and China negotiating about new air route
The relations of China and Serbia are at their all-time high, Ambassador of China to Serbia Li Manchang stated and added that it could be said that few countries in Europe and the world had such close relations with China. At a promotion of the Chinese-Serbian Business Association, he said that the visa-free regime, established in January 2017, had led to a great increase in the number of Chinese tourists coming to Serbia. I’m using the opportunity to reveal a secret. We are discussing the launch of the air service between Belgrade and another Chinese city and the negotiations are in progress – Li said. Let us remind that Hainan Airlines has been operating the Belgrade-Beijing air route, with stopovers in Prague, since 2017.
Source: Ekapija
