Daily Report 03.04.2018
Објавено: 03. 04. 2018

SERBIA:

KMBN: Vladimir Medan assumes duties of chairman of Komercijalna Banka Executive Board
In line with the decision on the appointment by the Managing Board and with previous consent by the National Bank of Serbia, Vladimir Medan assumed the duties of the chairman of the Executive Board of Komercijalna Banka (KMBN) on Monday, April 2, as announced by this financial institution. Vladimir Medan is an economist by profession. He is the former head of Erste Bank and Basler Insurance in Serbia, and he arrives to Komercijalna Banka from the Deposit Insurance Agency, where he was member of the board of directors until recently.
Source: Ekapija, KMBN

Production at Fiat Kragujevac continues
After a seven-work-day pause, the production of Fiat 500L continues at Fiat Kragujevac. The production is carried out in two shifts, with 410 vehicles assembled each day. The reason for the halt in the production was the harmonization of the production with the demand, as the company doesn't make cars to stock them, but produces them in line with the demand of clients from Europe and America. Around 2,500 employees at the biggest Serbian exporter will take another break during the Easter holidays.
Source: Ekapija

Generalized System of Preferences in trade with USA extended
The Chamber of Commerce of Serbia informed that the validity of the Generalized System of Preferences (GSP) in USA has been extended. It comes into effect on April 22, 2018 and that it will remain valid until the end of 2020. Preferential trade means that 122 countries, Serbia included, can export to the USA free of customs duties or paying a minimal amount. Duty-free export pertains to over 4,900 products, the majority of which are industrial and agricultural products. Furthermore, the goods also need to meet the requirement of origin – at least 35% of the value of an item needs to have been produced in Serbia and the item needs to have been shipped from Serbia directly.
Source: Ekapija

REGION:

SBITOP index gaines 0.18 percent on first trading day of the week
The biggest gainers of the first trading day of the week were the sheres of Unior (2,44%), Luka Koper (1.01%), Zavarovalnica Triglav (0.95%), Telekom Slovenije (+0.72%) and Krka (+0.35%).
Source: Ilirika

Slovenia hosting first European blockchain summit
The first European blockchain summit, a high-profile event discussing European initiatives and regulations for blockchain technology and initial coin offerings (ICO), will be held at Slovenia's Brdo pri Kranju next week.
Source: Ilirika

Business Club wants new government to enable breakthrough
The Slovenian Business Club (SBC) hosted on Tuesday a meeting with representatives of parties which are projected to enter parliament in the spring general election. The club said after the event it expected that a new government pay more attention to entrepreneurship and measures for development breakthrough in Slovenia.
Source:STA

Inflation in March 2018 at the annual level 1.2%, at the monthly level 0.3%
In March 2018 annual inflation stood at 1.2% and monthly at 0.3%. In one year goods and service prices increased by 1.0% and 1.4%, respectively. Annual inflation was influenced mostly by higher prices of food and monthly inflation by higher prices of clothing and footwear.
Source: Statistical Office of the Republic of Slovenia

INO:

Dow closes more than 350 points higher as tech cuts Monday's losses, European stocks close lower after tech sell-off
U.S. stocks rose on Tuesday as technology shares cut sharp losses from the previous session. The Dow Jones industrial average closed 389.17 points higher at 24,033.36 with Nike as the best-performing stock in the index. The S&P 500 gained 1.3 percent to close at 2,614.45, with tech rising 1 percent and energy leading. The Nasdaq composite advanced 1 percent to 6,941.28.
Amazon surged to session highs late in the session after Bloomberg reported, citing sources, that the White House had no plans to take action against the company. The major averages also hit their highs of the day after the news.
European equities closed lower Tuesday amid continued fears of a potential trade war and regulation for the technology sector. The pan-European Stoxx 600 closed provisionally almost half a percent lower with almost every sector in negative territory. Overall, the index recovered slightly from earlier losses that led the benchmark to trade about 1 percent off.
Technology stocks were among the worst performers, continuing the bearish sentiment seen on Wall Street. Apple is reportedly looking at making its own chips for Mac computers which hit the stocks of European chipmakers. Austria Microsystems, an Apple supplier, saw shares over 2 percent lower.
Looking at individual stocks, Sodexo dropped 4.5 percent. The firm saw its rating downgraded by several brokers after the company reported lower expectations for 2018.
Source: CNBC, Ilirika