SLOVENIA
SBITOP has stayed at 918,14 points
SBITOP has not gained any points in the Monday's trading day. In very low trading amounts the biggest gainers of the day were the stock of SavaRe (+1.17%), Gorenje (1.03%) and Petrol (0.58%).
Exports and imports in January 2018 higher than in January 2017
Exports in January 2018 amounted to EUR 2.4 billion and were 13.6% higher than in January 2017, while imports amounted to EUR 2.4 billion and were 12.5% higher than in January 2017. Compared to the average values of monthly exports and imports in 2017, the value of exports in January 2018 was 1.7% higher, while the value of imports was 2.5% higher.
Source: SURS
Grawe Insurance Company had 1.6 million euros of net profit last year
Grawe Insurance Company generated EUR 42.6 million in insurance premiums last year, more than forecasts, and the number of insurance contracts exceeded the number of 353,000. Profit before taxes reached EUR 2 million and net profit amounted to EUR 1.6 million.
Source: STA
INTERNATIONAL MARKETS
RWE, E.ON to reshape German power sector in Innogy asset swap deal
Germany’s top utilities on Sunday announced plans to break up Innogy (IGY.DE), whose assets will be divided among parent RWE RWED.DE and rival E.ON EONGN.DE in the sector’s biggest overhaul since a landmark move to exit nuclear power. The deal, which includes E.ON making a 5.2 billion euro ($6.4 billion) takeover offer to Innogy’s minority shareholders, spells the end of the network, renewable and retail energy group, carved out from RWE two years ago, as a standalone unit.
Source: Reuters
Germany: Labor costs up 2.1 percent in 2017
In Germany, labor costs per hour worked rose by 2.1 percent in 2017 on a calendar adjusted basis, compared with a year earlier. The Federal Statistical Office (Destatis) also reports that the costs of gross earnings increased by 2.2 percent, while non-wage costs were up 1.8 percent. Compared with the 4th quarter of 2016, labor costs in the 4th quarter of 2017 rose by 1.5 percent in calendar adjusted terms.
SERBIA
Fiat biggest Serbian exporter in first two months of 2018
Fiat Chrysler Automobiles (FCA) realized the biggest export from Serbia in the first two months of the current year, with EUR 140.5 million, the Ministry of Finance announced. HBIS group (Zelezara Smederevo), which realized exports of EUR 132.8 million, and Tigar Pirot, with exports worth EUR 64 million, follow. The value of the export of the 15 biggest exporters from Serbia in the first two months of 2018 amounted to EUR 707.4 million.
Source: Ekapija
NBS: Annual inflation in February at 1.5%
According to the data of the Serbian Statistical Office, monthly inflation measured 0.3% in February. Movements in consumer prices in February were driven by the seasonally expected increase in fruit and vegetable prices, a decline in the prices of clothes and footwear and fresh meat, and higher prices of cigarettes and petroleum products. Annual inflation continued down, which is consistent with NBS expectations. It measured 1.5% in February. Weak inflationary pressures are also signalled by core inflation (the consumer price index excluding food, energy, alcohol and cigarettes), which remained low and stable, measuring 1.3% in February. Under the NBS central projection, in the months to come, y-o-y inflation will remain low on account of the base effect.
Source: NBS
Memorandum on reconstruction of Belgrade-Zagreb railway signed – Works on Serbian territory worth around EUR 250 million
Serbian Minister of Construction, Transport and Infrastructure Zorana Mihajlovic and Croatian Minister of Maritime Affairs, Transport and Infrastructure Oleg Butkovic signed the Memorandum on cooperation on upgrading railway transport, which envisions a joint reconstruction of the Belgrade-Zagreb railway, on March 9, 2018. Around EUR 250 million will be needed for the reconstruction of the railway on the territory of Serbia, whereas the Croatian section will require a slightly higher amount. The Serbian Railways Infrastructure previously told Tanjug that the B
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