SLOVENIA
Ljubljana Stock Exchange opens today after two day work free holidays
EU's new budget: Commissioner Bulc expects no major change for Slovenia
European Transport Commissioner Violeta Bulc, the Slovenian member of the European Commission, does not expect any major change for Slovenia as the Commission unveiled its proposal for a multi-year budget in Brussels on Wednesday.
Source: STA
INTERNATIONAL MARKETS
DAX gains good 1,5 percent
We expect DAX to continue gaing on the good earings results by Adidas, Fresenius, Infineon Technologies, Bayer and others as well as on Euro Dollar Exchange Rate being under 1,120 level.
Wall street in the red
Wall Street closed in the red on Wednesday after the Fed left rates unchanged as expected but said both inflation and core inflation have moved close to 2%, suggesting higher inflation ahead. The Dow Jones lost 174 points or 0.7% to 23925; the S&P 500 fell 19 points or 0.7% to 2636; and the Nasdaq closed 30 points or 0.4% lower at 7101.
Source:TA
SERBIA
NBS: Serbian GDP grew 4.5% in 1Q 2018
According to the data of the Serbian Statistical Office, y-o-y real growth in GDP equaled 4.5% in Q1. According to NBS estimate, it was led primarily by the vigorous growth in investment. In Q1, industrial production recorded y-o-y growth of 5.9%. Y-o-y growth was recorded for all sectors: electricity, gas and steam supply – 10.9%, mining – 2.0%, and manufacturing – 5.0%. Within manufacturing, y-o-y growth in production was recorded for three quarters of branches. Euro-denominated commodity exports and imports rose by 8.7% and 12.3% y-o-y, respectively. The structure of imports, dominated by the procurement of equipment and intermediate goods for industrial purposes also confirms that investment is the key driver of growth in the quarter observed.
Source: NBS
Fiscal Council: Serbia to have fiscal surplus first time since 2005
For the first time since 2005, a fiscal surplus will be achieved and public debt will be in a sharp decline again after ten years, Fiscal Council saysd. Speaking at a traditional meeting with members of the Serbian Association of Managers on Friday, Fiscal Council representatives noted that "foundations for sustainable and healthy public finances and acceleration of economic growth can be set in 2018 as the most significant quantitative objectives of fiscal consolidation were achieved in 2017."
Source: b92
Belgrade-Sarajevo highway financing to be topic in Istanbul
Rasim Ljajic says he will discuss "conditions for financing the Belgrade-Sarajevo highway" during his visit to Turkey. This is the most important infrastructure project to be discussed and the method and terms of financing have not yet been agreed, the minister of Trade, Tourism and Telecommunications has told B92. Ljajic said that Serbia is "fighting to achieve a lower interest rate on the loan for the highway.
Source: b92
