SERBIA:
State not considering selling Telekom at the moment
Minister of Trade, Tourism and Telecommunications Rasim Ljajic stated that the state was not considering selling Telekom at the moment. At this moment, the sale of Telekom is not on the agenda and I would not like to speculate. What I can say is that our telecommunications market is rather stable, although those markets are globally in crisis and are looking for new models of survival – Ljajic said for the weekly issue of Blic.
Source: Blic, Ekapija
Foreign trade of Serbia with Russia amounts to USD 2.5 billion in 2017
Serbian Deputy Prime Minister and Minister of Foreign Affairs Ivica Dacic headed the delegation of the Republic of Serbia at the 16th session of the Serbian-Russian Intergovernmental Committee for Trade, Economic and Science-Technical Cooperation, held in Sochi. Minister Dacic attended the session in the capacity of a co-chairman on the Serbian side, whereas Russian Deputy Prime Minister Dmitry Rogozin performed the function on the Russian side, the Ministry of Foreign Affairs announced. It is very positive that our foreign trade increased compared to 2016 to USD 2.5 billion in 2017 – Dacic said.
Source: Ekapija
Reconstruction of Belgrade-Zagreb railway might start in 2019
Serbian Deputy Prime Minister and Minister of Construction, Transport and Infrastructure Zorana Mihajlovic invited Croatian Minister of Maritime Affairs, Transport and Infrastructure Oleg Butkovic to visit Belgrade this week for the purpose of signing a protocol on cooperation on the reconstruction of the Belgrade-Zagreb railway, the government's website announces. The invitation directly followed the official visit of Serbian President Aleksandar Vucic to Zagreb, during which Mihajlovic and Butkovic defined the framework of the protocol and agreed for it to be signed over the next ten days.
Source: Ekapija
REGION:
SBITOP gained 0.96 percent
SBITOP reached 823.75 points and gained 0.96 percent on Monday's trading day. The stocks that goined the most were the stocks of Gorenje (2.36 %), Petrol (2.06%), Krka (1.75%) and SavaRe (1.18%). Stocks that lost the most were the stocks of Unior (-4.05%) and Intereuropa (-3.77%).
Source: Ilirika
New board mambers at SIJ
At yesterday’s assembly, the shareholders of Slovenska industrija jekla (SIJ) appointed three new members of the Supervisory Board. For a four-year term were named Boštjan Napast, Helena Ploj Lajovic and Polona Marinka, and a new mandate was confirmed for both Yevgeny Zverev and Dmitry Davidov. With new appointments, SIJ wants to improve corporate governance.
Source: STA
INO:
European markets close lower amid light trading volumes
US market was closed due to local holiday, while equities in Europe closed lower Monday afternoon amid weak volumes, and as investors digested fresh earnings. The pan-European Stoxx 600 closed 0.66 percent lower with all sectors bar oil and gas in negative territory, having dropped throughout the day. The sluggish volumes were due to markets being closed in the United States, as well as Greater China and Mumbai.
Autos closed 1.29 percent lower. It was dragged lower throughout the day by news that carmaker Daimler may have used software to cheat in diesel-emission tests in the U.S. The stock dropped over 2 percent.
In other corporate news, Deutsche Bank was the best performing banking stock, finishing the session up by over 2 percent after Bank of America Merrill Lynch raised its outlook on the stock and its target price.
In the euro zone, new data showed the adjusted current account surplus narrowed in December to 29.9 billion euros ($37.09 billion) from 30.0 billion euros a month ago. Eurostat aslo reported that volume of construction work in the EU increased by 3.5% y/y, while the growth in the euro area was 2.4%. Only in December, building construction rose by 0.6 percent in the Eighth, and in the euro area by 0.1 percent.
Source: CNBC, Ilirika, Eurostat