Daily News - 04.04.2018
Published: 04. 04. 2018

SLOVENIA

Biggest northern adriatic port Luka Koper (LKPG) sees 6 percent rise in 2017 in total cargo throughput

According to incomplete data provided by Luka Koper (LKPG) the net sales revenues of the port of Luka Koper raised by 8 percent in 2017 on the basis of the 6 percent total cargo growth. The company has 4.67 dividend yeild. The company will have their earnigs report for FY2017 out on April of 26th.

SBITOP index gaines 0.18 percent on first trading day of the week

The biggest gainers of the first trading day of the week were the sheres of Unior (2,44%), Luka Koper (1.01%), Zavarovalnica Triglav (0.95%), Telekom Slovenije (+0.72%) and Krka (+0.35%).

Slovenia hosting first European blockchain summit

The first European blockchain summit, a high-profile event discussing European initiatives and regulations for blockchain technology and initial coin offerings (ICO), will be held at Slovenia's Brdo pri Kranju next week.

Business Club wants new government to enable breakthrough

The Slovenian Business Club (SBC) hosted on Tuesday a meeting with representatives of parties which are projected to enter parliament in the spring general election. The club said after the event it expected that a new government pay more attention to entrepreneurship and measures for development breakthrough in Slovenia.
Source:STA

Major Slovenian players to jointly explore autonomous driving solutions

A major step was taken in Ljubljana on Tuesday towards forming a joint Slovenian ecosystem for the development of solutions for autonomous vehicles. The project includes turning the 11 km of roads in the Ljubljana BTC shopping district into a testing ground.
Source:STA

INTERNATIONAL MARKETS

A third of EU trade is witht he United States and China

At Member State level, trade within the EU largely prevails. In 2017, the United States (€631 billion, or 16.9% of total EU trade in goods) and China(€573 bn, or 15.3%) continued to be the two main goods trading partners of the European Union (EU), well ahead of Switzerland (€261 bn, or 7.0%), Russia (€231 bn, or 6.2%), Turkey (€154 bn, or 4.1%) and Japan (€129 bn, or 3.5%).
Source: Eurostat

Wall Street closed deeply in the green on Tuesday 3 April 2018

Wall Street closed deeply in the green on Tuesday 3 April 2018, recovering from a sell-off in the previous session after tech shares led by Amazon slumped amid growing concerns of tight regulation. The Dow Jones closed up 389 points or 1.7% to 24033. The S&P 500 jumped 33 points or 1.3% to 2614. The Nasdaq climbed 71 points or 1.0% to 6941. With Nikkei (+0.13%) also slightly in the green, today's expectations for positive European trading day are up.
Source: Ilirika, TA

SERBIA

KMBN: Vladimir Medan assumes duties of chairman of Komercijalna Banka Executive Board

In line with the decision on the appointment by the Managing Board and with previous consent by the National Bank of Serbia, Vladimir Medan assumed the duties of the chairman of the Executive Board of Komercijalna Banka (KMBN) on Monday, April 2, as announced by this financial institution. Vladimir Medan is an economist by profession. He is the former head of Erste Bank and Basler Insurance in Serbia, and he arrives to Komercijalna Banka from the Deposit Insurance Agency, where he was member of the board of directors until recently.
Source: Ekapija, KMBN

Production at Fiat Kragujevac continues

After a seven-work-day pause, the production of Fiat 500L continues at Fiat Kragujevac. The production is carried out in two shifts, with 410 vehicles assembled each day. The reason for the halt in the production was the harmonization of the production with the demand, as the company doesn't make cars to stock them, but produces them in line with the demand of clients from Europe and America. Around 2,500 employees at the biggest Serbian exporter will take another break during the Easter holidays.
Source: Ekapija

Generalized System of Preferences in trade with USA extended

The Chamber of Commerce of Serbia informed that the validity of the Generalized System of Preferences (GSP) in USA has been extended. It comes into effect on April 22, 2018 and that it will remain valid until the end of 2020. Preferential trade means that 122 countries, Serbia included, can export to the USA free of customs duties or paying a minimal amount. Duty-free export pertains to over 4,900 products, the majority of which are industrial and agricultural products. Furthermore, the goods also need to meet the requirement of origin – at least 35% of the value of an item needs to have been produced in Serbia and the item needs to have been shipped from Serbia directly.
Source: Ekapija