SBITOP added 0.62%
Slovenian blue-chip index, SBITOP added 0.625 yesterday, reaching 824pts. The most traded name was oil and gas downstream company Petrol, since it delivered EUR 226ths in volume, while daily gainer was a pharmaceutical company Krka. Luka Koper was a daily looser, since it was down 0.33 percent.
Slovenia, Macedonia looking for ways to boost business ties
New technologies, infrastructure and energy were pinpointed as the areas where Slovenia and Macedonia could boost trade and investment, as a business conference was held on Wednesday during PM Miro Cerar's visit to the country.
Slovenia's unemployment rate drops to 5.3%
Slovenia's unemployment rate dropped to 5.3% in February, down 0.1 percentage point from the month before and down 2.1 points from the same month a year ago, fresh Eurostat data show.
Slovenia's tourism generated almost 12% of GDP last year
The travel and tourism sector in Slovenia indirectly generated 11.9% of GDP last year and employed 101,500 people, shows a report by the World Travel and Tourism Council (WTTC).
Minimizing current political risk and volatility
To minimize current political risk, it is good to focus on the relationship between Europe and China, which is characterized by the low likelihood of the occurrence of customs wars. Chinese buyers already account for more than 35% of the revenues of European prestigious brands, with the rejuvenation of the Chinese population, this percentage is likely to slightly increase. Chinese consumers see European brands as being of better quality than domestic ones. Given the fact that there is a very low likelihood that Europeans and Chinese authorities will set excessive customs duties on textiles and luxury products and considering the synchronous economic growth in the world, from a standpoint of the current allocation of resources, a good look at Europe's prestigious brands is valid. While Western markets since New Year generally have largely negative returns on average because of protectionist policies, prestigious European brands that achieve high levels of sales in China continue to see positive returns in their year to date market valuations, namely Swatch (UHR SW) 5, 31 percent, Louis Vuitton (MC FP) 3.23 percent, Gucci - Kering (KER FP) 2.06 percent in Prada (1913 HK) with 33.75 percent. All with positive year to date returns and seem to not be affected by the protectionist policies on the relation China and US.
MTLC: Metalac appointed new CEO; plans to achieve consolidated sales 16% higher vs. planned for 2021 and 20% higher net profit
At the proposition of the company's president, the Supervisory Board reached the decision to appoint Aleksandar Markovic as new director general of Metalac Gornji Milanovac (MTLC) on March 30. As the company announced, Markovic has 25 years of professional and managerial experience in various positions within Metalac, including 12 years in the position of the director of Metalac Posudje, from where he comes to the head of the company. A development strategy for Metalac a.d. and its subsidiaries has also been adopted. Taking 2018 as the basis, it is said, the consolidated operating income by the end of 2021 is planned to grow by 16%, the earnings are to grow by 5% each year, and the consolidated profit should amount to EUR 6.6 million, 20% more than is planned for 2018. In this period, Metalac will make project investments of EUR 10 million, and all other strategic aspects also lead to a sustainable growth and development of the company and, finally, to maintaining the excellent credit rating of Metalac Group – the press release says.
Source: Ekapija, KMBN
Air Serbia to launch service between Nis and Belgrade in 2018?
Air Serbia might launch a service from the Nis Constantine the Great Airport by the end of the year, Mihajlovic said for the Nis-based TV channel Belle Amie and added that the first air route of the national airline from this airport might be to Belgrade. Negotiations with Air Serbia have been going on for a while, and the airline is likely to launch a service from Nis this year – Mihajlovic stated. Guesting at another local TV station, Zona Plus, she said that there was a possibility for a Belgrade service to be established.
Start date of construction of high speed railway from Novi Sad to Subotica to be known soon
The beginning of the excavation of a rail tunnel through Fruska Gora and the construction of a viaduct connecting Cortanovci and Sremski Karlovci is a continuation of the realization of the capital project of the construction of the high-speed Belgrade-Budapest railway. The negotiations with the construction companies about the section from Novi Sad to Subotica are expected to be finalized by the end of spring, after which the details of the beginning of the construction will be known, TV Subotica reports.