SLOVENIA
Slovenia-Kazakhstan economic cooperation commission meets
The Slovenia-Kazakhstan economic cooperation commission met in Astana on Tuesday to review what has been done so far and the guidelines for a further development of bilateral economic cooperation, which is in the interest of both sides, the Foreign Ministry said.
Source: STA
Bulc calls on Slovenia not to lose focus on EU budget
European Transport Commissioner Violeta Bulc has called on Slovenia not to lose focus on the new EU multi-year budget in the post-election period and to prepare projects for successful drawing of funds
Source: STA
HIT almost doubles net profit to EUR 5.8m last year
The Nova Gorica-based gaming company HIT generated EUR 176.7m in revenue last year or 6.4% more than in 2016, while almost doubling net profit to EUR 5.8m, according to unaudited results presented by the management on Tuesday.
Source: STA
INTERNATIONAL MARKETS
Dow surges 300 points to close above 25,000; European stocks close little changed as Italy woes linger, RPC plummets 12%
Stocks rose on Wednesday as bank shares rallied on higher interest rates, while Boeing rose. The Dow Jones industrial average closed 346.41 points higher at 25,146.39 with Boeing rising 3.2 percent and contributing the most to the gains. J.P Morgan and Goldman Sachs were also among the biggest contributors of gains. The S&P 500 gained 0.9 percent to finish at 2,772.35 as financials rose 1.9 percent, while Nasdaq composite closed 0.7 percent higher at 7,689.24 and hit a record high as tech regained earlier losses. But tech's gains were capped after the Financial Times reported the European Union was set to unveil a negative finding from a probe on Google. Shares of Google-parent Alphabet closed 0.4 percent lower on the news.
Mexico — one of the biggest U.S. trade partners — unveiled tariffs on Tuesday that target U.S. goods such as pork, cheese and steel. This comes after the Trump administration last week slapped tariffs on steel and aluminum imports from the European Union, Mexico and Canada.
Canada's Chrystia Freeland said the country plans to slap dollar-for-dollar tariffs on the U.S. Meanwhile, the EU threatened to retaliate with tariffs of its own.
European stocks closed little changed Wednesday, with trade greatly impacted by concerns over fiscal spending in Italy. The pan-European Stoxx 600 closed provisionally neutral with sectors and major bourses mixed.
In stocks news, the media company Schibsted was up by 4.5 percent after a rating upgrade. And WH Smith rose to the top of the index, with shares up by almost 7.5 percent after reporting a 4 percent increase in sales in the 13-weeks to June 2. Growth in its travel business helped to offset a decline in high-street sales. At the other end, RPC Group plummeted almost 12 percent after announcing the sale of several non-core assets.
Source: CNBC
SERBIA
Chinese SINO-RS interested in forming investment fund for financing of projects in Serbia
The chairman of the Chinese company SINO-RS, Jin Frank Li, presented the idea of the formation of an investment fund for the financing of projects in Serbia in the fields of transport, energy, telecommunications and agriculture, as well as in civil engineering, in Belgrade. The projects would be realized with the support of the Shanghai Stock Exchange, he said in a conversation with the members of the National Council for the Coordination of Cooperation with Russia and China.
Source: Ekapija
Huge potential for development in mining
Prime Minister Ana Brnabic on Monday visited geological exploration works of mineral raw materials of copper and gold in the hydro power plant Cukaru Peki. Brnabic "stressed on that occasion that mining has the potential to contribute to our economic growth and GDP growth, up to 5 percent, and maybe even more," the government quoted her as saying.
Source: b92
IMF mission to visit Serbia June 11-13 for talks on new arrangement
An International Monetary Fund (IMF) mission will visit Serbia during June 11-13 to continue the talks on concluding a non-financial arrangement with the country, the finance ministry said. The objective of the new arrangement is to keep the macroeconomic and fiscal stability and to support the structural reforms which will accelerate Serbia's economic growth and make it more sustainable in the medium and long term, the IMF resident representative in Serbia, Sebastian Sosa, said in a statement on Tuesday.
Source: SeeNews
