SLOVENIA

Cinkarna Celje reports lower 2019 profit

Cinkarna Celje, the Celje-based chemical company, saw its net profit plunge by 29% last year to EUR 21.7 million as revenue rose by 5% to EUR 172.6 million. (STA)

Slovenia's exports up 10.6% in January, imports rise by 5.2%

Slovenia exported EUR 3 billion worth of goods in January while it imported EUR 2.8 billion. Exports were up 10.6% and imports 5.2% in year-on-year comparison, the Statistics Office said on Wednesday. The export/import ratio was 107.5%. (STA)

INTERNATIONAL MARKETS

Dow rallies more than 1,100 points in a wild session, halves losses from Monday’s sell-off; European markets reverse gains to close in the red; Stoxx 600 down 0.88%

Stocks rose sharply in wild trading on Tuesday as investors weighed the prospects of fiscal stimulus to curb slower economic growth stemming from the coronavirus outbreak. The Dow Jones Industrial Average closed 1,167.14 points higher, or 4.9%, at 25,018.16. Tuesday’s gains for the Dow cut the index’s losses from Monday in half. Earlier in the day, the 30-stock average was down 160 points. The S&P 500 was up 4.9% at 2,882.23, notching its best day since Dec. 26, 2018. The Nasdaq Composite also advanced 4.9% to 8,347.40.
European markets ended the day in negative territory on Tuesday, reversing earlier gains, after stocks saw their worst day since the financial crisis in the previous trading session. The pan-European Stoxx 600 provisionally closed down 0.88%, paring gains earlier in the session. The majority of sectors ended in the red, although basic resources was up around 1.3%. The moves come after markets around the world tanked Monday as global investors braced for the spread of the coronavirus and oil prices fell after the collapse of OPEC talks.
Diasorin shares leaped 10.8% after the Italian diagnostic specialist announced the impending launch of a new test for coronavirus. By late afternoon shares were 5% higher. (CNBC)

SERBIA

MAT: No economic fallout from coronavirus in January

Economic activity in Serbia saw an increase in January, largely due to a sharp rise of industrial output and the manufacturing industry, and the economic fallout from the coronavirus outbreak is still not being felt, experts from the economic monthly MAT said on Tuesday at a presentation of the magazine's latest issue. Following a stabilisation in China, the coronavirus will be an additional burden on the Eurozone economy, to be hit by formal recession as early as the first half of this year, the economists said, adding that indicators had pointed to recession even before the spread of the virus. The Serbian economy will definitely not be spared by the coronavirus, but the resulting losses will be minimal, the paper says. (Ekapija)

Back to news