Daily News - 30.03.2018
Published: 30. 03. 2018

SLOVENIA

SBITOP lost 0.5 percent

SBITOP ended the trading day at 817.45 points. With the 439.520 EUR in trading volume Krka's shares were the most traded shares on the LJSE, losing 1.04 percent. The shares of the SBITOP ndex that gained the most were the shares of Intereuropa (2.04%) and SavaRe (1.71%).
Source: Ilirika

Proposed Dividend for Zavarovalnica Triglav Shareholders

The Supervisory Board approved the proposal of the Management Board of Zavarovalnica Triglav to amend the capital management policy of Triglav Group as well as the dividend policy as its part. The proposed dividend for 2017 is in line with the revised policy and represents a basis for future sustainable implementation of the dividend policy of Zavarovalnica Triglav. The Supervisory Board and the Management Board of Zavarovalnica Triglav will propose to the General Meeting of Shareholders to allocate a part of the accumulated profit in the amount of EUR 56,837,870.00 to dividend payment, accounting for 82% of consolidated net profit for 2017. The proposed dividend for 2017 is EUR 2.50 gross per share.
Source: LJSE

ABANKA: Completion of the sale of the subsidiary Aleasing d.o.o., Ljubljana

Abanka d.d. and Banka Sparkasse d.d., Ljubljana (as the buyer) have confirmed that all conditions precedent set out in the agreement on the sale of a 100% participating interest in the subsidiary Aleasing d.o.o., Ljubljana of 18 July 2017 have been met. Ownership of the company will thus be transferred to the buyer on 1 April 2018.
Source: Ljubljana Stock Exchange

Spar Slovenija with biggest growth in sales in last ten years

Last year Retailer Spar Slovenija recorded the biggest growth in gross sales revenue in the last ten years, topping at EUR 776m or slightly less than 4% more than in 2016.
Source: STA

Study: Slovenian productivity fueled by R&D investment

Productivity of Slovenia's companies in 1994-2015 was largely fueled by investment into R&D. Larger and export-oriented companies had the highest level of productivity, shows a study commissioned by the EU.
Source:STA

INTERNATIONAL MARKETS

Europe and US markets gained yesterday

German DAX was up by 1.31 percent, while US major indexes SP500 (+1.83%), Dow Jones (+1.52%) and Nasdaq (+2.10) gained more than one and a half percent. The biggest gainers of the DAX were Volkswagen (+4.43%) and Daimler (4.22%) as Macy’s (4.43%) and Equity Residential (3.71%) topped SP500 index in daily returns.

March's inflation in Germany is lower than expected

German inflation strengthened in March compared to February (1.6%) but was below the expected level of 1.7 percent. German unemployment is record low. March unemployment was 5.3 percent. In March, there were less than 2.5 million unemployed people in Germany.

Walmart in early-stage acquisition talks with Humana

Walmart has begun discussing a possible acquisition of health insurer Humana, The Wall Street Journal reported Thursday citing sources. Shares of Humana soared nearly 12 percent in after-hours trade.

SERBIA

EUR 50 million for Pozega-Boljare highway engineering design – Memorandum signed with Chinese company CCCC

Deputy Prime Minister and Minister of Construction, Transport and Infrastructure Zorana Mihajlovic signed the Memorandum of Understanding about the cooperation on the project of the Pozega-Boljare highway with China Communications Construction Company (CCCC) yesterday. In terms of construction, this is the most difficult section on Corridor 11, 107 km long and important not just for passenger transport, but for cargo transport as well. The construction of this highway has been evaluated at over EUR 1.5 billion, and the Chinese side is to offer various options for the financing of the construction – Mihajlovic told the press after the signing.
Source: Ekapija

TIGR: Tigar to increase export of rubber hunting footwear – Shipments to French Decathlon worth EUR 5.5 million planned

A delegation of Tigar AD (TIGR), headed by Director General Vladimir Ilic, made a working visit to the French company Decathlon, a strategic buyer for which rubber hunting footwear of the Solognac brand is produced, from March 23 through 26. The planned realization for this purchaser is around EUR 3.5 million for 2018, and the negotiations define the new possibility of realization of around EUR 5.5 million in the period from April 2018 through April 2019.
Source: Ekapija

Fintel Energija ready for first IPO in Serbia

Fintel Energija plans to enter the Belgrade Stock Exchange this May and realize the first IPO (initial public offering) in Serbia after 78 years. CEO of Fintel Energia SpA and Fintel Energija, Tiziano Giovannetti said at the conference dedicated to the presentation of the “Serbia IPO Go” project, held on March 27, that the necessary procedure would be completed in April and that 15% to 20% of the shares would be offered. Fintel Energija previously announced that it intended to collect around EUR 15 million through the IPO in order to use the money for the construction of the Kosava wind farm, with a capacity of 117 MW, as well as of other developing projects.
Source: Ekapija