SERBIA:

ENHL: Bojovic announces lawsuit against Securities Commission over Energoprojekt
The majority owner of Energoprojekt Holding (ENHL), Dobrosav Bojovic, said on Monday, January 22, 2018, that he would sue the Securities Commission of the Republic of Serbia over the revocation of the right of vote from the company in dependent companies Industrija and Oprema. On January 19, the Securities Commission adopted a temporary decision revoking the right of vote from Bojovic until, as said, he buys out the shares of small shareholders in Industrija and Oprema. Previously, his right of vote in the third dependent company, Entel, was revoked as well. Bojovic said that he had made offers for the purchase of shares in Oprema and Industrija, but that the Securities Commission “didn't accept them, thereby violating several laws”.
Source: Ekapija

Investors from Serbia interested in Port of Bar
The Privatization and Capital Investment Council of the Government of Montenegro has not yet revealed the privatization plan for 2018, and as Danas learns, the submission of the proposal is in progress. Investors from Serbia are also interested in the Port of Bar, currently in the public focus. Serbian officials have said on several occasions that they don't exclude the possibility of the purchase of the shares of the Port of Bar. The importance of the Port of Bar for Serbian businessmen and vice versa was also shown by the presentation of the port's potentials, held in December 2017 in Belgrade in the organization of the chambers of commerce of Serbia and Montenegro. The management of the Port of Bar expressed the readiness to enhance the cooperation with the business partners from Serbia at the time. Judging by the statements of the management of the Port of Bar, they are very satisfied with the business arrangement with Fiat Kragujevac.
Source: Ekapija

Serbia sold RSD 9.3bn worth 5 year T-bonds
At the auction of 5-year Government Bonds of the Republic of Serbia, issued on 23rd of January 2018, the volume of T-bonds issued amounted to RSD 110bn. The total volume of offers amounted to RSD 28.4bn. Government Bonds in the amount of 933,877 were realized, having the total nominal value of RSD 9.3bn. T-bonds were sold at YTM of 4.30%. The maturity date of the sold bonds will be 25th of January 2023. The coupon (4.50% annually) payment date is 25th of January. YTM on todays auction was 2.2 percentage points lower when compared to that one of the previous auction of the same maturity, held on October 20th 2015. Receiving from the auction of the Government Bonds will be used for repayments of public debt liabilities which mature in January 2018.
Source: Ministry of Finance

REGION:

Slovenian stocks edged lower on Wednesday
SBITOP Index lost 0.65 percent on Wednesday, which means it closed at 830.45 points. Most stocks were losing during the trading day, the two exceptions were Mercator (+11.54%) and Zavarovalnica Triglav (0.32%). Stocks, which lost the most overall were Unior Zreče (-3.33%), SavaRe (-2.89%) and Tovarna olja Gea (-1.94%).
Source: Ilirka

INO:

Dow closes at record after volatile session, Europe stocks close lower as corporates deliver mixed bag of earnings
The Dow Jones industrial average closed 55 points higher, managing a record close, after briefly falling 104 points. At its session high, the 30-stock index had risen 182 points.
The S&P 500 finished just below the flatline and fell as much as half a percent. The broad index had risen as much as 0.5 percent. Tech stocks declined 0.9%. They were led lower by Apple, which fell 1.6 percent after Bernstein analyst Toni Sacconaghi predicted iPhone sales growth could be weak this spring. Shares of Facebook, Amazon and Alphabet also traded lower.
Abbott Laboratories, United Technologies, Baker Hughes and NBCUniversal-parent Comcast all reported earnings and revenue that beat analyst expectations. However, investors were reminded Wednesday of the challenges that lay ahead for General Electric, as the company reported steep revenue declines and said it was being investigated by the Securities and Exchange Commission over its accounting practices. GE's fourth quarter fell short of Wall Street's expectations, but it offered up a stronger-than-expected outlook for 2018.
European stocks closed lower Wednesday, as investors digested fresh corporate news, while keeping an eye on political developments. The pan-European STOXX 600 closed 0.5 percent lower provisionally, with most sectors and major bourses in negative territory.
Utilities were one of the worst performing sectors, with France's Suez sinking over 16 percent. The utilities group tanked after it lowered its 2017 goals, stating that it expected earnings before interest and tax (EBIT) to drop 2 percent, to 1.28 billion euros ($1.58 billion) in 2017.
U.K. retailer WH Smith came off its lows, but remained in the red after it announced that total sales for the 20-week period up until January 20 2018, including Christmas, had been flat year-on-year.
Not all reported earnings were seen as negative however. Swiss drugmaker Novartis was a top performer, rising 2.7 percent after the company announced that full-year sales had risen 2 percent, with the CEO describing 2017 as a "landmark year for innovation."
On the second day of the World Economic Forum in Davos German chancellor Angela Merkel warned that protectionism is not the answer to global challenges. She said the Eurozone must be strengthened and that the EU must complete the banking union. She insisted member states must cooperate on the foreign policy front as nationally made foreign policies are bound to fail.
Source: CNBC, Ilirika