STA, 26 July 2018 - The Slovenian budget recorded a significant surplus in the second half of the year, indicating that the pace of fiscal consolidation will be faster than originally planned.
HETA Asset Resolution, a wind-down corporation ultimately owned by the Republic of Austria, is handling the sale of Delamaris, a prime touristic development project located next to the ancient fishing and trading port of Izola. It’s a town full of art galleries, artisan stores, cafés and gourmet restaurants, and one that still remains a relatively undiscovered tourist destination on the Adriatic.
STA, 20 July - Telekom Slovenije's group net profit in the first half of the year, following the calculation of income tax, including deferred taxes, dropped by 40% to EUR 14.5m over the same period last year, according to the unaudited business report the national telco's supervisory board discussed on Friday.
July 18, 2018
In a post from November 2017 we looked at the top ten Slovenian companies by revenue, but today we turn to the 11 firms on the Ljubljana Stock Exchange (LSE) that make up the SBI Top Index, usually referred to as the Slovenian Blue Chips. These are the most traded shares on the exchange, and they’re presented below in in asending order of their current index free float capitalisation as of June 18 2018, with each name is followed by the stock market trading code.
*Per Investopedia this “is calculated by taking the equity's price and multiplying it by the number of shares readily available in the market”, and while it’s the figure used by the LSE note that it’s smaller than the regular definition of market capitalisation.
11. Intereuropa (IEKG) – Market cap. €20.197 million
Intereuropa, based inLjubljana, provides logistic services, including land, air and sea transport, and operates intercontinentally. Website
10. Unior (UKIG) – Market cap. €25.546 million
Unior produces industrial equipment, with its work focused on forging and sintering components for the automotive industry, as well as making hand tools and various specialised machines. It also runs a tourist resort in Rogla nad Zrece. Website
KD Group is a holding company with businesses in the insurance, investment fund management, banking services, capital investment and real estate sectors. Website
Cinkarna Celje is a chemical processing company that works in the production and marketing of titanium dioxide pigment and related products, as well as titanium and zinc items, powder, rubber and anticorrosion coatings. It also makes construction and joint sealants, façade plasters, waterproofing and quick bonding agents, and cement additives, in addition to many other items. Website
Luka Koper provides port and logistics services in the Port of Koper, such as sorting, palletising, sampling, protection, labelling, weighing, cleaning, as well as various support services, cargo handling, warehousing, and integrated logistics solutions. It also operates in in the hotel and catering industries, as well as waste collection and recycling. Website
Pozavarovalnica Sava, perhaps better known as Sava Reinsurance or Sava Re, is in the reinsurance business and is the parent company of Sava Re Group, which sells direct insurance and pensions. Website
Perhaps the first household name on the list, depending on your household, Gorenje produces and sells white goods and other household appliances, and has recently been taken over by China’s Hisense, which will continue to operate the brand. Website
Telekom Slovenije, which operates under the brands Mobitel and SiOl, provides fixed and mobile communications, system integration and cloud computing, construction and maintenance of telecommunication networks, digital content and services, multimedia, and digital advertising. Website
Zavarovalnica Triglav is the controlling company of the Triglav Group, which occupies a nice Plečnik building at the end of Miklošičeva Street in Ljubljana, reminiscent of the National Library, and offers insurance, asset management and banking services. Website
Petrol sells of oil, gas and other energy products, including electricity and heat, but is probably best known for its chain of petrol stations that also serve as convenience stores, with the company recently opening a number of standalone stores for those who don’t want have a car but still need potato chips and beer on a Sunday. Website
Krka is a pharmaceutical company that makes prescription and non-prescription products for humans and other animals, as well as operating a number of spa resorts around Slovenia (with spa tourism being the most popular kind in the country, in terms of overnight stays). Website
STA, 16 July 2018 - A new collective bargaining agreement for retail workers was signed in Ljubljana on Monday. It stipulates that shops will no longer be open on holidays, bar some exceptions, while Sunday work will be paid more than it is now. Moreover, many employees will see their pay increase next year.
STA, 15 July 2018 - Companies have from now on 160 million euro at their disposal to co-finance investments into tourist infrastructure from a special credit fund.
STA, 13 July 2018 - Slovenia-based air carrier Adria Airways, which was acquired by the German 4K Invest in early 2016, has expanded its fleet with six new Saab 2000 planes, which puts the total number of its planes to 21, the highest ever. The six 50-seat airliners will be on lease from the US company Jetstream Aviation Capital.
STA, 13 July 2018 - Commenting on the Ljubljana real estate market in Friday's commentary, the business newspaper Finance says that the Statistics Office, the central bank and the Surveying and Mapping Authority (GURS) do not give sufficient data on the situation in a time when it seems that a new bubble is being inflated in the capital.
STA, 12 July 2018 - The European Commission's summer forecast, released on Thursday, projects Slovenia's GDP to grow by 4.4% in 2018 and by 3.5% in 2019, a downgrade of 0.2 and 0.1 percentage points respectively compared to the February forecast.