SLOVENIA
EU court dismisses Slovenia's case over Teran wine
The General Court of the EU has dismissed Slovenia's appeal to annul the European Commission delegated regulation of May 2017 that allows Croatian wine producers to use Teran, the name of a red wine protected by Slovenia, on their wine labels. (STA)
Slovenia secures EUR 78m in fresh short-term borrowing
The treasury has auctioned off three- and six-month T-bills for a total of EUR 78 million in fresh borrowing with negative yield. The sum secured with three-month bills was above and that raised through six-month bills below the planned amount. (STA)
July exports down by 2.9% y/y, imports by 10.9%, surplus 2nd highest in a decade
Slovenia's exports amounted to EUR 2.94 billion in July, a 2.9% year-on-year decrease, while imports were down by 10.9% to EUR 2.74 billion, which made for the second highest external trade surplus in a decade. In the first seven months of 2020, exports declined by 4.3% and imports by 10.0%, but a surplus was generated each month. (STA)
INTERNATIONAL MARKETS
European stocks close higher, looking to rebound from last week’s losses; BELEX15 down 0.48%; Public debt of Serbia in July 56.7% of GDP
European stocks closed higher Monday as investors monitor progress on various coronavirus vaccines, with markets looking to recover from consecutive losses fueled by the tech sector at the end of last week. The pan-European Stoxx 600 provisionally closed 1.6% higher, with autos adding 2.6% to lead gains as all sectors and major bourses entered positive territory.
Britain’s Dechra Pharmaceuticals saw its shares surge almost 7% after a strong earnings report, while at the other end of the European blue chip index, Luxembourg-based telecoms and satellite company SES slid around 5%.
Serbian BELEX15 was down 0.48% as Komercijana lost 1.85%, while 0.5% gain at NIS was not enough to neutralize this. NIS was also the most active name with RSD 1.2m in volume.
The public debt of Serbia amounted to EUR 26.579 billion at the end of July 2020, which is 56.7% of the country's GDP, the Ministry of Finance announced. Nominally, the public debt is lower in July by EUR 248 million compared to June, when it was EUR 26.827 billion, or 57.3% of the GDP. (CNBC, ILIRIKA)
