Daily News - 22.05.2018
Published: 22. 05. 2018

SLOVENIA

AIK moves to take control of Gorenjska Banka supervisory board

After acquiring a 32.47% stake in the bank Gorenjska Banka, the Serbian bank AIK Banka has submitted a request for a shareholders' meeting to appoint three new members on the supervisory board of the Slovenian bank.
Source: STA

Slovenian furniture and wood industry honing in on US

Slovenian furniture and wood industry companies are touring the US to carve their way into the market. The American market could potentially become a major export destination for wood products, the Slovenian Chamber of Commerce and Industry has said.
Source: STA

Steel group earmarks EUR 6m for dividends

SIJ, Slovenia's largest steel producer, will pay out dividends of 5.9 euro gross per share for a total dividend payout of EUR 5.7m, the shareholders decided on Monday. The bulk of accumulated profit, EUR 45.6m, has been retained.
Source: STA

INTERNATIONAL MARKETS

UK Factory Orders Lowest since 2016

The Confederation for British Industry's monthly industrial orders balance fell sharply to -3 in May of 2018 from 4 in April, well below market expectations of 2. Factory orders were at their lowest level since November 2016. The gauge of export orders dropped while expectations increased for both output and domestic prices.
Source: TA

Crude oil

Oil prices extended gains and hover at a near 3-1/2 year high on Tuesday amid concerns that the US will impose new sanctions on Venezuela after Nicolas Maduro was re-elected during the weekend.
Source: TA

SERBIA

Price of fuel in Serbia to go up by max. 10%

Crude oil prices have been growing continuously since mid-February, which inevitably reflects both on the wholesale and retail fuel prices in Serbia, as well as in other countries. It is quite certain that the prices of oil derivatives in Serbia will grow this time around, unless there is a sharp drop in the US dollar exchange rate. In that case, retail fuel prices in Serbia would remain at the current level. If the prices in Serbia do go up, the increase will not be substantial, that is around 10%. Also, the retail prices would not be corrected immediately, but over a period of a month and a half”, says Tomislav Micovic, Secretary General of the Association of Oil Companies of Serbia (UNKS)
Source: Serbiamonitor

Nis-Sofia gas pipeline "sooner than planned"

Prime Minister Ana Brnabic has announced that the construction of the Nis-Sofia gas pipeline will start "even before it was planned." This is because the project is "important to ensure the security of supply of both Serbia and Bulgaria and the entire region," the government quoted Brnabic as saying on Monday.
Source: b92

MTLC: Metalac to report consolidated numbers for 2017 today

Metalac (MTLC) announced that it will report its FY 2017 consolidated numbers today. As for remembrance, the company managed to post RSD 345.1m in consolidated net profit, for 6 months 2017, up 3.4% y/y.
Source: Belex, Ilirika