Triglav shareholders to get EUR 2.50 dividends
Shareholders of the insurer Zavarovalnica Triglav endorsed on Tuesday the proposal from the management and supervisory boards that EUR 56.8 million in distributable profit or EUR 2.50 gross per share be earmarked for dividends.
Slovenia, North Macedonia seek to increase trade to EUR 500m
Slovenia and North Macedonia plan to increase the volume of bilateral trade to EUR 500 million over the medium term, Economy Minister Zdravko Počivalšek said after holding talks with North Macedonia's Deputy Prime Minister Kočo Agnjušev on Tuesday.
Dow drops more than 200 points as rates slide, stoking fears about the economy; European stocks close lower amid renewed concerns over Italy’s growing deficit
Stocks fell on Tuesday as a decline in interest rates during the U.S.-China trade war sparked worries about a possible slowdown in the economy. The Dow Jones Industrial Average dropped 237 points, giving up a 131-point gain from earlier in the day. The S&P 500 pulled back 0.8% as the consumer staples and utilities sectors lagged. The Nasdaq Composite fell 0.4%. The S&P 500 and Nasdaq traded higher earlier in the session. The major indexes slid to their session lows in the last hour of trading. The yield on the benchmark 10-year note fell to around 2.26%, its lowest level in 19 months. Yields move inversely to prices. European stocks dipped Tuesday afternoon, as broad uncertainties over trade and economic growth soured investor sentiment. The pan-European Stoxx 600 index faded during afternoon deals ending provisionally 0.22% lower. Italy’s FTSE MIB index was among the worst performers, slipping around 0.7% amid renewed tensions between Rome and Brussels over the country’s public finances. Autos stocks led the gains, trading provisionally 0.64% higher after Fiat confirmed it proposed a merger with Renault. The deal, if agreed, would create the world’s third-largest carmaker. All but 3 European autos stocks were trading higher on the news, with PSA Peugeot Citroen leading the gains, up more than 4.3%.
ENHL: Energoprojekt won EUR 28.5m arbitrage case
Energoprojekt, largest Serbian construction company, managed to win arbitrage legal proceedings worth EUR 28.5m, local press reported two days ago. This is about two legal cases – against Belorussian investor (construction of power facility) and Canadian SNC Lavalin (reconstruction work sat RTB Bor), the same article says. This may affect net line number in 2019.
Source: Tanjug, Ilirika
NIIS: NIS scheaduled its GA for 27th June
NIS scheaduled its fregaulr annual GA for 27th Jun ethis year. Major topic for invetsor swill be decosoin on profiti dirsztibution. Th eompan yalredx aypopused RSD 6.5bn in total or RSD 39.9 per shar egross as a cash dividedn for payment in this year. The amount bears 5.5% gross yield, whil erecord day is ahead.
Leasing industry could inject up to 1 bln euros into economy every year
The Association of Leasing Companies in Serbia (ALCS) on Tuesday unveiled an economic development strategy that would see the leasing industry fund the Serbian economy with up to 1 bln euros a year. The Association of Leasing Companies in Serbia (ALCS) on Tuesday unveiled an economic development strategy that would see the leasing industry fund the Serbian economy with up to 1 bln euros a year. Speaking at a press conference, ALCS representatives said further improvement of the leasing industry and more ample funding for the Serbian economy called for considering initiatives to amend the Law on Financial Leasing that had been submitted to the National Bank of Serbia in 2015. The potential of the leasing industry is twice as high as its present level of utilisation, as also shown by a European Commission analysis, they said.