SLOVENIA
Hisense publishes takeover bid for Gorenje
The company Hisense Luxembourg Home Appliance of the Chinese group Hisense published a takeover bid on Tuesday for the household appliances maker Gorenje. It is offering 12 euro per share for the 67% of the company it does not already own.
Source: STA
Petrol remains largest company in terms of turnover
The 300 largest Slovenian companies generated a combined EUR 41.7bn in revenue and EUR 1.7bn in profit last year, an increase of 13.5% and 21.4%, respectively, from the year before, shows a survey published by the newspaper Delo on Monday. The list is topped by energy company Petrol.
Source: STA
Petrol remains largest company in terms of turnover
The 300 largest Slovenian companies generated a combined EUR 41.7bn in revenue and EUR 1.7bn in profit last year, an increase of 13.5% and 21.4%, respectively, from the year before, shows a survey published by the newspaper Delo on Monday. The list is topped by energy company Petrol.
Source: STA
INTERNATIONAL MARKETS
Italy 10-Year Bond Yield at 4-Year High
Italy's 10-year bond yield jumped above 3% in early trading on Tuesday, hitting its highest since mid-2014, amid rising concerns over political uncertainty in the country. Meanwhile, Italy's 2-year bond yield jumped nearly 1.9% to its highest since late 2013.
Euro Dollar Exchange Rate drops
The euro fell to a 44-week low of $1.1552 on Tuesday amid rising concerns over Italy's political crisis as fresh elections could deliver an even stronger mandate for the country's anti-establishment parties. Historically, the Euro Dollar Exchange Rate - EUR/USD reached an all time high of 1.87 in July of 1973 and a record low of 0.70 in February of 1985. The euro was only introduced as a currency on the first of January of 1999. However, synthetic historical prices going back much further can be modeled if we consider a weighted average of the previous currencies.
SERBIA
Value of construction works in Serbia higher by 28.1% in 1Q 2018
Remarkably good results were recorded in the construction sector in the first quarter of the current year, the Ministry of Construction, Transport and Infrastructure announced on Saturday, May 26, 2018, and added that, along with an increase in the value of the works carried out by 28.1% compared to the same period in 2017, the number of building permits issued also grew by 14.1%.
Source: Ekapija
Contract on 3rd section of Belgrade-Budapest rail line due
An agreement is in place with the Chinese side on construction of a third section of the Belgrade-Budapest high-speed rail line, with the official signing of the contract expected to take place within the next few weeks, Serbian Minister of Construction, Transport and Infrastructure Zorana Mihajlovic said. It is the third section of the line from Novi Sad to Subotica and the investment is worth 934 mln euros.
Source: Tanjug
AERO: GA scheduled for 28th April – RSD 57.3 per share proposed as a cash dividend
Belgrade Airport (AERO) scheduled its GA for 28th June, this year, while most important issue from related agenda is a proposal on cash dividend payment. The company proposed RSD 57.3 per share, as a gross amount be paid out to shareholders, from 2017 profit. Record date is on 31st December 2017. The amount bears 3.8% gross yield.
Source: Belex, Ilirika
