SERBIA:
Strategic partner of RTB Bor not to have right to ore
The tender for the strategic partner of RTB Bor should open in May, and Minister of Mining and Energy Aleksandar Antic said that the strategic partner would not have the right to ore, as ore is exclusively owned by the state. The laws of Serbia say that no one has the right to that ore. It is owned by the Republic of Serbia, and the partner will have an exploitation permit based on which it will carry out the mining production and pay the mining fee to Serbia – Antic said.
Source: Ekapija
SJPT: Marko Abramovic new General Manager of Sojaprotein
Marko Abramovic is the new General Manager of Sojaprotein (SJPT), as announced by this company, member of Victoria Group. As announced by Sojaprotein, Abramovic has experience in the field of edible oil business, acquired at Vital, where he used to be general manager. Furthermore, he also brings in a considerable experience from the banking sector, acquired at Intesa. It is added that Abramovic will contribute to an enhancement of Sojaprotein's performance with his competence in managing production facilities for the processing of oil plants and in financial management. As said, the company's goals in the upcoming period are to upgrade its position in new markets of soy protein concentrates and to achieve a continuous growth of business results.
Source: Ekapija
Intesa not to buy new banks in Serbia – Company for equity fund management founded
Banca Intesa is not planning to purchase a bank in Serbia, says Ignacio Jaquotot, Head of the International Subsidiary Banks Division at Intesa Sanpaolo. Jaquotot says that the new business plan of Intesa Sanpaolo group for the period from 2018 till 2021 followed three strategic guidelines – considerable reduction of risk profiles, without expenses for shareholders, reduction of costs through a further simplification of the business model and an increase in revenues through recognition of new business opportunities.
Source: Ekapija
REGION:
SBITOP down 0.31%
SBITOP was down 0.31% during the yesterday’s trading session. A single daily gainer was Triglav with 0.59% jump, while most traded name was Petrol with EUR 172ths in volume. Daily looser was Intereuropa, since it was down 3.8%.
Source: LJSE, Ilirika
INO:
Dow surges more than 200 points, Facebook and AMD jump after crushing earnings, European stocks close higher amid earnings, ECB takes center stage
Stocks rose sharply on Thursday, helped by strong quarterly results from some of the biggest U.S. companies. The Dow Jones industrial average traded 300 points higher, S&P 500 gained 1.4 percent as tech rose 2.6 percent. The Nasdaq composite rose 1.9 percent.
Facebook shares surged nearly 10 percent after the company posted better-than-expected earnings and revenue for the first quarter. The company's number of daily active users pointed to steady engagement in the platform despite backlash from the Cambridge Analytica debacle. Advanced Micro Devices also posted earnings that topped expectations, sending its stock up about 13 percent.
In economic news, U.S. durable goods orders rose 2.6 percent in March, far more than the expected 1.6 percent gain. Meanwhile, weekly jobless claims totaled 209,000 last week, below a forecast of 230,000. Investors are also awaiting data on first-quarter GDP, which is set for release Friday at 8:30 a.m. ET.
European stocks closed higher on Thursday, as investors monitored a fresh batch of corporate earnings. The pan-European Stoxx 600 closed provisionally up 0.9 percent, with most sectors and major bourses in positive territory.
Europe's autos stocks were among the top performers, up more than 0.7 percent amid earnings news. Germany's Volkswagen reported weaker-than-anticipated profits in the first three months of 2018. However, an impressive rise in vehicle sales over the same period pushed shares more than 2.6 percent higher.
The European Central Bank announced its monetary policy decision on Thursday. The bank left interest rates unchanged, amid signs of an apparent softening in the euro zone's growth outlook.
Source: CNBC, Ilirika