SERBIA:
Serbia's Delta Holding in talks to buy land for Zagreb InterContinental hotel - report
Serbia's Delta Holding is negotiating the purchase of land in Croatia's capital Zagreb where it intends to build an InterContinental hotel, Croatian media reported. The company plans to sign a contract for a land plot in Zagreb by June, following which it will enter into negotiations with the InterContinental Hotel Group IHG, news portal Poslovni.hr reported on Thursday, quoting Zivorad Vasic, the vice president of Delta Holding and IHG regional manager.
Source: SeeNews
Germany's Leoni to open fourth factory in Serbia
German cable and harnessing manufacturer Leoni plans to launch in July or August works on a plant in Serbia worth over 60 million euro ($75 million), its fourth in the country, Belgrade-based media reported. The plant, to be located in the central city of Kraljevo, will produce cables for Mercedes cars, news portal B92 reported on Wednesday. It will employ 4,000 to 5,000 people. The construction works on the 45,000 sq m facility are planned to be completed by the beginning of 2020.
Source: SeeNews
Record merchandise trade between Serbia and B&H in 2017 – Abolition of non-customs barriers necessary for further growth
Serbian Deputy Prime Minister and Minister of Trade, Tourism and Telecommunications Rasim Ljajic and the vice president of the Council of Ministers and Minister of Foreign Trade and Economic Relations of Bosnia and Herzegovina, Mirko Sarovic, noted, that the two countries had realized a record merchandize trade in 2017, amounting to EUR 1.7bn. Of this amount, Serbia’s exports to B&H amounted to EUR 1.2bn, whereas B&H exported goods worth EUR 516 million to Serbia, it was said during the conversation dedicated to a further enhancement of the economic-trade cooperation between the two countries, the government’s PR office announced. Ljajic and Sarovic agreed that the mutual goal is to reach the amount of close to EUR 2bn of merchandize trade in 2018, and the requirement for this is further abolition of non-customs barriers between the two countries.
Source: Ekapija
REGION:
SBITOP gained 0,51 percent
SBITOP gained 0,51 percent last day of previous trading week and reached 815,88 points. The top earners were Intereurope (6,00%), Zavarovalnica Triglav (3,27%), Luka Koper (0,69%) and Telekom Slovenije (0,69%).
Source: Ilirika
Telekom Slovenije, dd, became the 100% owner of IPKO Telecommunications LLC
Telekom Slovenije, dd, became the 100% owner of Kosovo’s telecommunication company IPKO Telecommunications LLC. IPKO Telecommunications LLC, is the leading broadband provider in the Kosovo market and the second largest provider of mobile telephony.
Source: Ilirika
INO:
Stocks close higher, post biggest weekly gain since 2013, European stocks close higher after strong earnings, Stoxx 600 up 1.1%
Stocks closed slightly higher on Friday, extending their winning streak to six days in a row, and posted their biggest weekly gain in five years. The Dow Jones industrial average closed about 20 points higher, with Pfizer as the best-performing stock in the index. The S&P 500 closed just 0.04%, while Nasdaq composite snapped a five-day winning streak, closing 0.2 percent lower. It rose as much as 0.7 percent on the day.
In corporate news, Coca-Cola shares rose 0.5 percent after the company reported better-than-expected earnings. Coca-Cola said its best-performing drinks were water and sports drinks.
In economic news, housing starts rose 9.7 percent in January, easily surpassing analyst expectations. Import prices, meanwhile, gained 1 percent, while export prices advanced 0.8 percent. Consumer sentiment rose more than expected, according to a preliminary reading from the University of Michigan.
European stocks closed provisionally higher Friday, as investor confidence appeared to take hold after a sharp sell-off earlier this month. The pan-European Stoxx 600 closed provisionally up almost 1.1 percent, with almost all sectors and major bourses in positive territory.
Swedish defense firm Saab posted worse-than-expected earnings, sending shares down almost 1 percent. The Stockholm-based firm said fourth-quarter operating earnings fell to 882 million Swedish crowns ($111 million) during the final three months of 2017. That was down from 960 million Swedish crowns in the same quarter a year earlier.
German insurer Allianz reported a 22 percent fall in net profit in the fourth quarter of 2017. The company blamed recent changes to the U.S. tax system, a weak U.S. dollar, one-off costs and natural disasters as a drag on its latest figures. Its shares were up almost 0.6 percent.
French carmaker Renault said operating profit had hit an all-time high in 2017 on Friday, emboldening CEO Carlos Ghosn's position amid domestic pressure to outline a clearer succession plan. Its shares were trading up 2 percent.
Volkswagen recorded a 10% sales growth in January. At the start of the year, the German car manufacturer Volkswagn is optimistic about year-round operations. In January, the company delivered almost 900,000 cars for commercial purposes, which is 10.1 percent more than in January last year.
Source: CNBC, Ilirika