SLOVENIA
Slovenian stock market was closed yesterday due to Easter holidays
Slovenian stock market was closed yesterday due to Easter holidays
Inflation in Slovenia in March 2018 at the annual level 1.2%, at the monthly level 0.3%
In March 2018 annual inflation stood at 1.2% and monthly at 0.3%. In one year goods and service prices increased by 1.0% and 1.4%, respectively. Annual inflation was influenced mostly by higher prices of food and monthly inflation by higher prices of clothing and footwear.
Source: SURS
A positive turning point for the general government sector:
in 2017 surplus of EUR 13 millionIn 2017 for the first time in 22 years the general government sector generated a minimal surplus. Government revenues and expenditure were almost balanced. This dynamic was driven by high economic growth. Revenues increased by 6.5% and expenditure by 1.9%.
INTERNATIONAL MARKETS
Yesterday EU markets closed due to Easter while US markets went trough correction. Humana gained $11.87, or 4.4%, to $280.70.
In yesterday's market selloff Nasdaq, S&P500 and Dow Jones lost 2.76, 2.26 and 1.93 percent. Health insurance company Humana blew past market selloff. News broke last week that Walmart was in talks with Humana, although it was after markets had closed for the Good Friday holiday. The move is just the latest big M&A move within health care, as big players in the sector have been scrambling to get ahead of any push by Amazon.com (AMZN). Humana is up 13.2% this year and 36.2% in the past 12 months.
SERBIA
Messer Tehnogas doubles earnings in 2017 – Net profit rises to RSD 2 billion
The Belgrade-based producer and distributor of technical gases, Messer Tehnogas (TGAS), realized record non-consolidated financial results in 2017, as shown by the company's financial report, published on the Belgrade Stock Exchange. The company's non-consolidated operating income rose by 4.9% to over eight billion dinars, whereas the operating profit jumped by 17.3% to RSD 1.9 billion. Thanks to high revenues from the collection of previously written off claims (RSD 537 million), the net profit more than doubled to over two billion dinars. The company remained free of both short-term and long-term credit liabilities at the end of 2017.
Source: Ekapija
Indian company buys IMT – TAFE to restart production in new location
Industrija Masina i Traktora (IMT) Belgrade in bankruptcy was sold today to the Indian company TAFE at the initial price of around RSD 66 million. The Indian company, which produces tractors and other agricultural machines, was the only bidder at the auction and is also IMT's partner of many decades. TAFE manager for Europe, Kamal Ahuja, said that tractors of this brand would be produced in Serbia and sold in southeast Europe and then in other markets as well.
Source: Ekapija
Left tube of Brancic tunnel excavated – Corridor 11 to be completed in 2024
The left tube of the Brancic tunnel on the section of Corridor 11 from Lajkovac to Ljig was excavated on Friday, March 30, 2018. The right tunnel tube was excavated in August 2017. The tunnel is around 950 meters long, and the value of the works on the tunnel is USD 37 million. The construction is carried out in three shifts, with 280 workers. The Lajkovac-Ljig section is 24 kilometers long and the main contractor is the Chinese Shandong Hi-speed Group, which is also building the 26.23-km Obrenovac-Ub section.
Source: Ekapija
