Daily News - 19.04.2018
Published: 19. 04. 2018

SLOVENIA

Slovenian SBITOP up 0.25%

SBITOP index was up 0.25%, while daily gainer was Mercator, with 11.2% jump. It was followed with Petrol, since it gained 0.86% yesterday. Gorenje had the biggest drop at 0.96%, while most traded name was Triglav, with EUR 150th in volume.

Slovenia liberalises railway passenger transport market

The National Assembly liberalised Slovenia's internal railway passenger transport market on Tuesday, as it passed changes to the railway traffic act and a technical bill listing railway safety specifics. The changes transpose several EU directives in Slovenian law.
Source: STA

INTERNATIONAL MARKETS

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Stocks Push Higher With Oil, Dollar Pares Advance: Markets Wrap
Asian stocks climbed to the highest in a month and measures of volatility continued to drop amid optimism that global growth can weather any impact from trade tensions. The dollar pared gains and oil extended its rise. Shares from Sydney to Hong Kong rose. U.S. Treasury yields steadied after climbing to 2.87 percent Thursday in the wake of the Federal Reserve’s Beige Book report that showed a solid outlook for the economy despite trade concerns. Energy firms climbed in the U.S. and Asia after an industry report showed crude inventories fell. The yen slid amid the positive investor sentiment and as U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe agreed to work closely on bilateral trade. With investor optimism on the economy being tested increasingly by the flattening yield curve, geopolitical tensions showed continued signs of dissipating. The U.S. said it’s already started direct talks with North Korea and Russian leader Vladimir Putin was said to be seeking to dial down tensions with America. Japan’s Abe said he agreed with Trump to start talks on trade deals with America as their summit in Florida ended.
Source: Bloomberg

SERBIA

IMF confirms Serbia's 2018 GDP growth forecast

The International Monetary Fund (IMF) said on Tuesday Serbia's economy will grow by 3.5% in 2018, confirming its earlier forecasts. In 2019, Serbia's gross domestic product (GDP) is also expected to grow by 3.5%, IMF said in the April edition of its World Economic Outlook (WEO) report. The 2018 growth forecast affirms both the projection made in the IMF staff report on Serbia published in December and the forecast made in the November WEO report. Serbia's harmonised consumer price inflation is seen at 2.7% in 2018 and 3.0% in 2019, according to the April WEO report. Unemployment is projected to fall to 14% at end-2019, from 14.6% in 2017. Serbia’s current account balance calculated as percentage of GDP is projected at a negative 4.5% in 2018 and negative 4.1% in 2019.
Source: SeeNews

Banks in Serbia record ten-year high in earnings

Banks in Serbia realized a profit exceeding RSD 60 billion (around half a billion euros) in 2017. This is a ten-year high, that is, the best result since the global economic crisis, and it was achieved despite a drastic drop in interest rates, Politika writes. There has been a shift at the top of the list of the most profitable banks. The biggest profit, amounting to RSD 12 billion, was realized by AIK Bank. It nearly doubled its profit over a year`s period, rising from the fourth spot in 2016 to the top of the 2017 list. Banca Intesa was dethroned after years of heading the list, placing second in 2017. This doesn`t mean that its earnings are lower, though. The financial reports show that it earned RSD 11.8 billion last year, which is a fifth more than 2016. Komercijalna Banka is in the third spot, after heading the list of the banks with the biggest losses in the two preceding years. It is back to operating in the plus, with a profit of as much as RSD 8.1 billion. Let us remind that, in 2016, the bank operated with a loss in that amount.
Source: Ekapija

EC’s latest report on Serbia’s progress

In its latest report about the progress that the Western Balkans have made in the EU-related reforms, the European Commission assessed that Serbia has made progress in accession negotiations with the EU, but that the overall pace of negotiations will depend, in particular, on the progress made in the rule of law and normalization of relations with Kosovo.
Source: Serbiamonitor

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