SLOVENIA
Net profit at Intesa Sanpaolo's Slovenian branch down 80% in 2017
The Slovenian branch of Intesa Sanpaolo made EUR 4.2m in net profit last year, which is a drop of 79% compared to 2016. Interest income also dropped, but the bank reported an increase in gross non-banking loans.
Source:STA
Melamin's sales surge but profit undermined by input prices
Chemical company Melamin saw revenue rise by 15% to EUR 50.7m in 2017. Profit declined by a quarter to EUR 2.4m, mostly due to higher prices of inputs.
Source:STA
INTERNATIONAL MARKETS
German Factory Orders Drop Unexpectedly
German industrial orders fell unexpectedly by 0.9% in March, missing market consensus of a 0.5% rise and following a 0.2% decline in February. It is the third straight month of decrease in manufacturing orders, mainly due to a 2.6% fall in foreign demand.
Source: TA
SERBIA
Negotiations of Serbia and IMF about new cooperation program to continue on May 7
Representatives of Serbia and members of the team of the International Monetary Fund (IMF) will continue the negotiations about a new, non-financial program of cooperation, initiated in March, this Monday, on May 7, in Belgrade, as Tanjug learns at the IMF Office in the capital of Serbia and the National Bank of Serbia. The new round of talks begins in the context of the growth of Serbia’s GDP by 4.5% in the first quarter, the projection of the biggest economic expansion in Serbia in the decade, made by the European Commission, but also the clear need to finish the economic reforms, especially those in the public sector.
Source: Ekapija
Agrana suspends acquisition talks for Serbian sugar maker Sunoko
Austrian food group Agrana said it has suspended the negotiations for the acquisition of Serbia's biggest sugar producer Sunoko. Agrana and the owner of Sunoko, Agri Europe Cyprus, agreed to put the talks on hold due to the challenging European sugar market environment, the Austrian company said in a statement on Wednesday. In October, the CFO of Agrana, Stephan Buettner, said the company aims to acquire a 51% stake in Sunoko, which holds a market share of about 70% in Serbia.
Source: SeeNews
AERO: Belgrade Airport serviced 1.44m of passengers in 4 months 018.
Belgrade Airport (AERO) reported 1.44m of passenger for four months of 2018, which is up 5% y/y. The company cargo turnover jumped 31% y/y to 6.5m of kg, while postal service scored 14% higher turnover in the same period.
Source: AERO, Ilirika
