SERBIA:

ENHL: Small shareholders asking for distribution of RSD 657 million of profit of Energoprojekt Entel and Industrija
Small shareholders of Energoprojekt Entel and Energoprojekt Industrija, subsidiaries of Energoprojekt Holding, asked on Wednesday, May 23, 2018, for these two companies to pay undistributed profit to shareholders as dividend. In Entel's case, the sum amounts to RSD 500,656,575, or RSD 1,185 per share, and in Industrija, it's RSD 157,848,000, or RSD 800 per share. Small shareholders of Entel say in the explanation of the proposition sent to the company's board of directors that dividend has been paid for the past dozen years and add that “the proposition for Energoprojekt Entel not to pay dividend for 2017 is malicious”.
Source: Ekapija

Serbia continues rehabilitation of roads and enhancement of traffic safety from EBRD loan – Procurement procedures to take place in 2018 and 2019
Serbia continues to realize projects of road rehabilitation and safety using the proceeds of the EBRD loan, secured in 2013. A general procurement notice was published regarding the procurement procedures for realization of activities in 2018 and 2019. Interested suppliers, contractors and consultants from any country may apply and should contact the Public Enterprise "Roads of Serbia". The project consists of two parts, and the total costs have been estimated at over EUR 390 million, of which the EBRD loan amounts to EUR 100 million.
Source: Ekapija

Financial directors in Serbia confident about their companies doing good
Directors in Serbia are optimistic about the future of their respective companies, while every second financial director fears that labour costs would grow in the future, according to the latest survey conducted by Deloitte, called “Balancing Optimism with Risk Aversion”. Most financial directors from Serbia, or 58 percent of them, are optimistic about the financial perspective of the companies they work in. 27% of them think that the situation will remain unchanged. The survey also showed that 55 percent of the survey participants expect a decline in unemployment in the coming period. Every other financial director fears that employees’ salaries will grow, as 55 percent expect an increase in labour costs.
Source: Serbiamonitor

REGION:

SBITOP up additional 0.53%
SBITOP was up by 0.53%, with Luka Koper as a top gainer. The stock was up 4.1%, on a very low trade volume. Daily looser was Sava Re, with 1.5% decrease, while Gorenje was the most traded name, since it delivered EUR 497ths in volume.
Source: LJSE, Ilirika

INO:

Stocks close lower after President Trump cancels North Korea summit, European markets close lower
U.S. stocks closed lower Thursday after President Donald Trump announced that the hotly anticipated summit next month with North Korea was cancelled. The Dow Jones industrial lost 0.94%, S&P 500 shed 0.2 percent, while Nasdaq composite finished largely unchanged as losses in Facebook and Intel offset gains in Netflix and Adobe.
In corporate news, shares of electronics and technology retailer Best Buy fell more than 6.5 percent Thursday after the company reported quarterly earnings. Though the company posted solid quarterly comparable sales and earnings, its online sales growth decelerated.
European markets closed lower on Thursday afternoon for the same reason as in U.S. The pan-European Stoxx 600 closed more than 0.5 percent lower after trading flat for much of the session.
Europe's autos stocks led the losses, down more than 1.8 percent following an announcement from the U.S. that it plans to investigate whether an "abuse of trade tactics" in cars could harm the world's largest economy. The surprise move appeared to exacerbate fears of fresh global charges. Porsche, Daimler and BMW were 3.02, 2.77 and 1.69 percent lower respectively.