SERBIA:

AERO: Belgrade Airport reported RSD 444m in 1Q18 net profit, down 13% y/y
Belgrade Airport (AERO), reported RSD 444m in 1Q18 net profit, down 13% y/y, on lower operating profit and appearance of financial loss and negative other result. Operating profit for the period came in at RSD 551m, down 6.3%, on much higher cost of salaries. The company’s revenues in the period arrived at RSD 1.52m, up 11% y/y, on higher volume of traffic and higher number of passengers serviced.
Source: Belex, Ilirika

EBRD: High growth rates around the world, including Serbia
A favourable macroeconomic environment will be noticeable in the Central and Eastern Europe countries which will record a growth of over 3.5% in 2018, for the ninth consecutive year. Also, these countries will experience a credit growth, especially Serbia and Croatia. These are just some of the conclusions from the annual EBRD Assembly. After the past growth slowdown in Serbia, a strong momentum is expected in 2018 and next year. All macroeconomic indicators are above expectations. Imports are growing slightly faster than exports, but this because Serbia is importing equipment to facilitate investments which is good”, says Artur Radziwill is EBRD’s Director for Country Economics and Policy.
Source: Serbiamonitor

Japan interested in investing in infrastructure projects in Serbia
Deputy PM and Minister of Construction, Transport and Infrastructure Zorana Mihajlovic met on Monday in Belgrade with the new Japanese Ambassador to Serbia, Junichi Maruyama. Maruyama “pointed out that Japan is interested in taking part in important projects implemented by the Ministry of Construction, Transport and Infrastructure and suggested that a meeting be held soon between delegations of the Japan International Cooperation Agency (JICA) and the Serbian Ministry of Construction, Transport and Infrastructure,” the government said.
Izvor: Serbiamonitor

REGION:

SBITOP up 0.11%
SBITOP index gained additional 0.85% yesterday, with Gorenje again as the most traded name. The stock delivered EUR 4.3m in volume, and it was a top gainer as well since it added 3.0%. Daily looser was Intereuropa as it lost 0.95%.
Source: LJSE, Ilirika

INO:

Stocks close higher, Macy's surges more than 10% as retail rallies, Europe markets close mainly higher but Italian stocks slide on political concerns
Stocks rose on Wednesday as retail shares jumped on the back of strong quarterly earnings from retailer Macy's. The Dow Jones industrial average closed 62.52 points higher at 24,768.93, with Nike as the best-performing stock in the index. The S&P 500 gained 0.4 percent to 2,722.46 as the consumer discretionary sector climbed 0.8 percent. The Nasdaq composite advanced 0.6 percent to 7,398.30.
Macy's shares rallied 10.8 percent on stronger-than-expected quarterly earnings. The company's same-store sales, a key metric for retailers, rose 4.2 percent last quarter versus an estimate of 1.4 percent.
Elsewhere in corporate news, Teva Pharmaceutical rose nearly 3 percent after Warren Buffett's Berkshire Hathaway revealed it increased its stake in the company.
Shares in Europe closed higher on average Wednesday despite surging interest rates for Italian debt in the bond markets. The pan-European Stoxx 600 closed provisionally up by 0.29 percent with the various sectors moving in different directions. More notably, the main Italian index fell 2.4 percent on concerns over its future government.
Across the European index, Saipem bucked the struggle of fellow Italian companies to finish up by almost 12 percent. This followed a rating upgrade. Alstom also rose across the day, up by 3.8 percent. The company reported that net profit rose by around 60 percent for its fiscal year.
On the other hand, French firm Elior recorded its worst one-day percentage fall since November 2017, according to Reuters. The shares fell near 14 percent after the firm issued a profit warning.
Source: CNBC, Ilirika