Victoria Group d.o.o.from Novi Sad announced their intention to takeover the rest of 16.88% interest left in port of Backa Palanka
privatization agency announced that it had sold ten companies on an auction which was held on 28.05.2007. in Novi Sad
Dijamant from zrenjanin will hold their annual shareholders meeting on 29.06.2007 at noon.
Gainers & Losers
| Issuer | Last Price | Change | Daily Turnover |
| EUR | EUR | ||
| JT International | 254.75 | 482.92% | 23,692 |
| Rhein Donau Yard | 20.94 | 298.13% | 105 |
| Optika | 94.6 | 20.00% | 11,541 |
| Carnex | 48.64 | 19.85% | 63,624 |
| Motins | 5.32 | 18.03% | 521,550 |
| Ju?ni banat | 10.96 | 20.04% | 548 |
| Sigurnost - As | 4.29 | 20.00% | 21 |
| Antikor | 14.79 | 19.93% | 385 |
| Farmacoop | 5.91 | 19.33% | 89 |
| Prvi maj PK | 43.11 | 18.60% | 43 |
Prices at Close (table)
*Economy and Politics*
Serbia’s economic priorities
Economy Minister Mlaðan Dinkiæ has outlined the country’s economic priorities.Dinkiæ said faster privatization, more foreign investments and maintaining their continuity, assistance to small and medium-sized companies, boosting employment and export, balanced regional development and faster development of tourism were all in focus.Dinkiæ also announced the Parliament would soon receive the CEFTA agreement for ratification, since Serbia was the only country in south eastern europe that is yet to ratify the agreement.
French Companies Invest in Serbian Exporters to Russia
French companies have noticed the advantages that the Serbian agreement on free trade with Russia provides and are selectively in opportunities for export to the Russian market, it was said at a gathering at the Serbian Chamber of Commerce on Tuesday.Brigitte Lafarge, advisor for Central and East Europe at the Paris Chamber of Commerce said the Serbian market was attractive to investors from France and that there was room for cooperation in the future. She said the Paris Chamber of Commerce with all the Departments gathered 310,000 companies and services around 6,000 companies pursuing an international presence every year.
All outlets in trade center "Delta City" rented out -"Marks&Spencer" among renters
All outlets in trade center "Delta City", which are still under construction, in Novi Beograd’s Block 67, have already been rented to domestic and foreign companies.Opening of this Center, which occupies 85,000 square meters, is scheduled for November 2007, but the time gap of nearly six months until the official opening was not an obstacle to the companies to sign the contracts on rental of outlets now.In addition to 30,000 square meters of retail space and entertaining contents, there will also be 1,200 parking places for guests.Renting of outlets in "Delta City" center was coordinated by American company "Colliers", and, of total of 125 renters, one third are completely new names on our market.Among them are: popular "Marks&Spencer", "Sefora" – one of the largest perfume store chains in Europe, and "Costa Cafe", British coffee shop chain.
| Indicator | Dec | Jan | Feb | Mar |
| Retail prices, change m-o-m | 0.1 | 0.4 | 0.1 | 0.9 |
| Annualized inflation | 6.6 | 6.5 | 5.2 | 5.6 |
| Average gross salary (EUR) | 524 | 424 | 444 | 447 |
| Discount rate | 8.5 | 8.5 | 8.5 | 8.5 |
| Wght. ave. lending rate in open market ops. | 15.3 | 13.92 | 12.99 | 11.4 |
| Commercial banks lending rate m-o-m | 1.26 | 1.2 | 1.13 | 1.04 |
| Foreign Currency Reserves (in million USD) | 11,889 | 11,524 | 11,851 | 11,731 |
*Fixed Income*
Citadel bond Comment
The overall daily volume has increased compared to last trading season, closing the day at 498k.The most of the volume has been concentrated in series A2008 with volume of 254k and with the price increase of 60bps.Price changes today were predominantly positive.Top and only loser of today’s trading day was A2012 with a price decrease of 27bps.Top gainer for this trading day was series A2013 with a price increase of 89bps.Yields were ranging from 5.21% for A2008 to 5.91% for A2012.
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Ivan Petrovic | Tel: +381 11 222 3666 | Fax: +381 11 222 3656 | ipetrovic@citadel-securities.com | www.citadel-securities.com
***
DISCLAIMER AND CONFIDENTIALITY Citadel Securities has based this document on Information obtained from sources it believes to be reliable, but it has not independently verified all the Information presented in this document. Accordingly, no representation or warranty, express or otherwise implied, is made as to the fairness, accuracy, completeness, or correctness of the Information and opinions contained in this document, or otherwise arising in connection therewith. Expressions of opinion herein are those of the research department only and are subject to change without notice. Prices are latest for edition.
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Citadel daily 30 05 2007, 267 Kb
