SLOVENIA
Port operator Luka Koper nine-month net profit up 22%
Port operator Luka Koper reported on Monday a nine-month net profit of EUR 49m, which is a 22% improvement on the same period last year. Net sales revenue was up 6% to EUR 168m.
Source: STA
Steel group SIJ's revenue up, EBITDA flat
Steel group SIJ posted higher revenue in its steel and food divisions for the January-September period. But while the food division's EBITDA rose significantly, it was flat in the much larger steel division, show preliminary results released on Tuesday.
Source: STA
Profit at Slovenian banks up over a tenth in Jan-Sep
Ljubljana, 27 November - Slovenian banks posted a cumulative profit after tax of EUR 382m for the first nine months of 2018, an increase of 11.4% over the same period last year on the back of solid growth of interest and non-interest revenue.
Source: STA
INTERNATIONAL MARKETS
Dow jumps more than 300 points, posts best day in over two weeks as Amazon and GM rise; European markets rally after EU backs PM May's Brexit deal
U.S. stocks jumped on Monday as shares of some beaten-down tech companies rebounded after posting steep losses last week while General Motors shares climbed. The Dow Jones Industrial Average rose 354 points, while the S&P 500 gained 1.55 percent. The Nasdaq Composite outperformed, rising more than 2 percent. Shares of Facebook, Amazon, Apple, Netflix and Google-parent Alphabet all rose at least 1 percent. These stocks dropped more than 3.6 percent last week, falling further into bear-market territory. General Motors rose 4 percent after it revealed plans to cut production at several plants and reduce its salaried workforce by 15 percent, a more drastic cost-cutting plan than investors had expected. European stocks rallied Monday afternoon, as investors digested fresh developments surrounding the U.K.'s withdrawal process from the EU. The pan-European STOXX 600 was up around 1.2 percent during lunchtime deals, with major bourses trading sharply higher. Across the board, sectors showed a positive picture with banks, autos, and insurance leading the way. Looking to the corporate space, European lenders surged more than 2.5 percent Monday afternoon, with a number of Italian banks — including Unicredit, Banco BPM and Intesa Sanpaolo — hitting the top of the benchmark. Italy continues to be closely watched, as investors monitor an ongoing budget row. In the tech space, Logitech announced Sunday that it had ceased talks to acquire Plantronics, a U.S. electronics group. Shares of the Swiss manufacturer rose over 4 percent Monday.
Source: CNBC
SERBIA
Pizzarotti main contractor for Belgrade Tower
Representatives of companies Belgrade Waterfront and Pizzarotti have signed an agreement on the execution of main works on the Belgrade Tower, the tallest building in Serbia. The 40-story building will be the central part of Belgrade Waterfront, and the topmost floor will feature the tallest lookout in Belgrade. The main works are to start in December.
Source: Ekapija
Serbia's govt plans 0.5%/GDP deficit in 2019 draft budget
Serbian government plans a fiscal deficit equivalent to 0.5% of the estimated gross domestic product (GDP) in 2019, the draft budget for next year shows. The fiscal deficit is planned at 22.9 billion dinars ($219.9 million/193.5 million euro), according to the government's 2019 budget draft posted on the website of Serbia's parliament. The budget is built on projections for economic growth of 3.5% in 2019. Budget revenues are expected to come in at 1.247 trillion dinars, while expenses are forecast at 1.269 trillion dinars.
Source: SeeNews
Telekom Srbija to acquire more cable operators
Serbia's state-owned Telekom Srbija plans to acquire more cable operators in the country after the purchase of Kopernikus Technology, and is still in the race for Telekom Albania, local media reported. The acquisition strengthens the competitiveness of the company and the access to new technologies, the value of the company increases, the number of users rises, and all this speaks about the importance of the acquisition of Kopernikus. That is why we will also buy a few more cable providers, daily Politika quoted on Sunday the Chief Marketing Manager (CMO) of Telekom Srbija, Vladimir Lalic, as saying.
Source: SeenNews
