Post by Peter Ellis on Oct 17, 2004 22:16:39 GMT 1
HZZ: Jobless rate down 2.6% yoy
Imex Banka: 9.5 million kuna profit over nine months
Wustenrot: Only 8% of housing savings injected into construction
Igor Dropulic new SAP company director
New auction of HFP stakes at the Zagreb Stock Exchange
REGIONAL NEWS
NBS claiming that Serbia is not experiencing a debtor crisis
Failed sale of Institut za Crnu Metalurgiju Niksic
Slovene Era will construct discount stores in cooperation with Italian
Eurospin
BM__1HZZ: Jobless rate down 2.6% yoy
The Croatian Job Centre (HZZ) announced on Wednesday that in September
300,000 jobless had been recorded, up 1.9% compared to August, but also 2.6%
less than in September of last year.
The recorded unemployment figure increased during September in all counties,
apart from the Vukovar and Srijem county, while the strongest growth of
unemployment had been recorded in the Lika and Senj and Zadar counties. Over
the past year unemployment had been cut in 11 counties (most in the Sibenik
and Knin county and the Dubrovnik and Neretva county), while an increase of
unemployment had been recorded in seven (most in the Lika and Senj county),
claim the HZZ data.
BM_2Imex Banka: 9.5 million kuna profit over nine months
Imex Banka from Split has managed a profit of 9.5 million kuna in the first
nine months of 2004, stressing that the business data is showing a positive
growth trend. Since the start of the year the Bank's active assets have
grown by 15.6 percent and at the end of the third quarter it totalled 460
million kuna.
Growth has been recorded in all the balance segments, the greatest in the in
the segments of citizens savings accounts which had enjoyed a 32 percent
growth to 225 million kuna at the start of the year, stressed Imex Banka
officials.
BM_3Wustenrot: Only 8% of housing savings injected into construction
During its six years of operation in Croatia, the Wustenrot building society
has approved a total of 3,561 loans in the amount of 9.37 million euros. At
the end of September the building society had deposits surpassing 724
million kuna. At a press conference on Wednesday, Wustenrot officials said
that it had 110,000 savings account holders while sales results over the
first nine months of 2004 point to the fact that contracts on housing
savings accounts could increase by 20% this year.
Zdravko Andjel, the Wustenrot CEO has spoken of the non-existence of
inter-financing without which the system of housing saving cannot be seen as
successful. Only 8% of housing savings at building societies in Croatia are
being invested into flat construction, while over 90% of active assets are
kept in securities.
BM_4Igor Dropulic new SAP company director
The world's leading producer of business solutions, the SAP company
announced on Wednesday the naming of Igor Dropulic to the post of executive
director. Igor Dropulic has officially assumed the position on Oct. 1, 2004.
Dropulic has taken up the post at SAP after an IBM engagement where he
worked since 1999. During 2002 he was in charge of development, sales and
implementation of e-business infrastructure service and as of February 2003,
he had been IBM Global Services Manager in Croatia.
When being presented to the public, Igor Dropulic said he was expecting of
SAP to strengthen its position as the leading producer of business solutions
in Croatia and to contribute to the increase of competitiveness of Croatian
companies and to in the state sector actively assist in adjustments to the
process of getting closer to the EU.
ASP has been present in Croatia since 1995 and currently has some 50
clients.
BM_5New auction of HFP stakes at the Zagreb Stock Exchange
The Croatian Privatisation Fund (HFP) has announced a fresh auction of the
company stakes from its own portfolio that is to take place on Wednesday
Oct. 13 at the Zagreb Stock Exchange. Some 9 stakes in companies are to be
put up for sale, among them an 11.8%-stake in PIK Vinkovci, a 14%-stake in
Varazdin-based Vikocommerce and smaller stakes in Belisce d.d., Split
Brodomerkur, Digitron from Buje and Tondach Hrvatska. The stakes are to be
sold in whole and exclusively for cash.
BM_6REGIONAL NEWS
BM_7NBS claiming that Serbia is not experiencing a debtor crisis
The Serbian National Bank (NBS) governor Radovan Jelasic has stated that
Serbia was not experiencing a debtor crisis and that the indebtedness has
been cut, thanks to the London Club agreement. In an NBS statement Jelasic
said that this year would see the making of an important step in the
creation of conditions for the unimpeded repayment of external debt in the
coming years, accompanied by economic growth. The governor has said that in
2004 the growth of the gross domestic product (GDP) is to be larger than
expected and that direct foreign investment would total about $800 million.
In a study on the sustainability of the Serbian external debt by 2010, NBS
is announcing that the state will not face serious problems in making
payments if the GDP retains an annual growth of five percent, with an
average increase of export of 14.5% at an annual level, the growth of
investment of about 15 percent and a moderate growth of domestic consumption
of between 1.5 and 2 percent per annum.
BM_8Failed sale of Institut za Crnu Metalurgiju Niksic
Not a single offer has come in for the purchase of a majority package of
shares of the Institut za Crnu Metalurgiju (ICM) from Niksic, announced the
Montenegrin Agency for the Restructuring of Economy and Foreign Investment.
The Agency put out a call to strategic investors in mid-August to put in
their offers for the purchase of 54.97 percent of share capital of ICM by
Sept. 30. Of the offered shares, the state owns nearly 22 percent, the
Pension Fund 6% and the Job Centre 7%. Until February, ICM was part of
Zeljezara Niksic steel mill, where the division into separate companies
began. In the meantime Zeljezara Niksic was sold to the Midland Resources
company.
BM_9Slovene Era will construct discount stores in cooperation with Italian
Eurospin
The Slovene Era retail sale chain and the Italian Eurospin company will open
in the next three years some 80 discount stores across Slovenia, announced
the Slovene Dnevnik daily. For the implementation of that project the two
said companies have established a joint company Eurospin Eko that will be
managing the business operations of the new stores that will be doing
business with the Eurospin brand name products. Era has announced that the
first stores will be opened in November in Nova Gorica, Slovenske Konjice,
Prevalj and Velenje. By the implementation of the project ERA plans to
strengthen its position on the Slovene market.
The business philosophy of Eurospin's discount is cutting costs, so that
consumers can expect up to 30 percent lower prices.
(Courtesy Bankamagazine)
Imex Banka: 9.5 million kuna profit over nine months
Wustenrot: Only 8% of housing savings injected into construction
Igor Dropulic new SAP company director
New auction of HFP stakes at the Zagreb Stock Exchange
REGIONAL NEWS
NBS claiming that Serbia is not experiencing a debtor crisis
Failed sale of Institut za Crnu Metalurgiju Niksic
Slovene Era will construct discount stores in cooperation with Italian
Eurospin
BM__1HZZ: Jobless rate down 2.6% yoy
The Croatian Job Centre (HZZ) announced on Wednesday that in September
300,000 jobless had been recorded, up 1.9% compared to August, but also 2.6%
less than in September of last year.
The recorded unemployment figure increased during September in all counties,
apart from the Vukovar and Srijem county, while the strongest growth of
unemployment had been recorded in the Lika and Senj and Zadar counties. Over
the past year unemployment had been cut in 11 counties (most in the Sibenik
and Knin county and the Dubrovnik and Neretva county), while an increase of
unemployment had been recorded in seven (most in the Lika and Senj county),
claim the HZZ data.
BM_2Imex Banka: 9.5 million kuna profit over nine months
Imex Banka from Split has managed a profit of 9.5 million kuna in the first
nine months of 2004, stressing that the business data is showing a positive
growth trend. Since the start of the year the Bank's active assets have
grown by 15.6 percent and at the end of the third quarter it totalled 460
million kuna.
Growth has been recorded in all the balance segments, the greatest in the in
the segments of citizens savings accounts which had enjoyed a 32 percent
growth to 225 million kuna at the start of the year, stressed Imex Banka
officials.
BM_3Wustenrot: Only 8% of housing savings injected into construction
During its six years of operation in Croatia, the Wustenrot building society
has approved a total of 3,561 loans in the amount of 9.37 million euros. At
the end of September the building society had deposits surpassing 724
million kuna. At a press conference on Wednesday, Wustenrot officials said
that it had 110,000 savings account holders while sales results over the
first nine months of 2004 point to the fact that contracts on housing
savings accounts could increase by 20% this year.
Zdravko Andjel, the Wustenrot CEO has spoken of the non-existence of
inter-financing without which the system of housing saving cannot be seen as
successful. Only 8% of housing savings at building societies in Croatia are
being invested into flat construction, while over 90% of active assets are
kept in securities.
BM_4Igor Dropulic new SAP company director
The world's leading producer of business solutions, the SAP company
announced on Wednesday the naming of Igor Dropulic to the post of executive
director. Igor Dropulic has officially assumed the position on Oct. 1, 2004.
Dropulic has taken up the post at SAP after an IBM engagement where he
worked since 1999. During 2002 he was in charge of development, sales and
implementation of e-business infrastructure service and as of February 2003,
he had been IBM Global Services Manager in Croatia.
When being presented to the public, Igor Dropulic said he was expecting of
SAP to strengthen its position as the leading producer of business solutions
in Croatia and to contribute to the increase of competitiveness of Croatian
companies and to in the state sector actively assist in adjustments to the
process of getting closer to the EU.
ASP has been present in Croatia since 1995 and currently has some 50
clients.
BM_5New auction of HFP stakes at the Zagreb Stock Exchange
The Croatian Privatisation Fund (HFP) has announced a fresh auction of the
company stakes from its own portfolio that is to take place on Wednesday
Oct. 13 at the Zagreb Stock Exchange. Some 9 stakes in companies are to be
put up for sale, among them an 11.8%-stake in PIK Vinkovci, a 14%-stake in
Varazdin-based Vikocommerce and smaller stakes in Belisce d.d., Split
Brodomerkur, Digitron from Buje and Tondach Hrvatska. The stakes are to be
sold in whole and exclusively for cash.
BM_6REGIONAL NEWS
BM_7NBS claiming that Serbia is not experiencing a debtor crisis
The Serbian National Bank (NBS) governor Radovan Jelasic has stated that
Serbia was not experiencing a debtor crisis and that the indebtedness has
been cut, thanks to the London Club agreement. In an NBS statement Jelasic
said that this year would see the making of an important step in the
creation of conditions for the unimpeded repayment of external debt in the
coming years, accompanied by economic growth. The governor has said that in
2004 the growth of the gross domestic product (GDP) is to be larger than
expected and that direct foreign investment would total about $800 million.
In a study on the sustainability of the Serbian external debt by 2010, NBS
is announcing that the state will not face serious problems in making
payments if the GDP retains an annual growth of five percent, with an
average increase of export of 14.5% at an annual level, the growth of
investment of about 15 percent and a moderate growth of domestic consumption
of between 1.5 and 2 percent per annum.
BM_8Failed sale of Institut za Crnu Metalurgiju Niksic
Not a single offer has come in for the purchase of a majority package of
shares of the Institut za Crnu Metalurgiju (ICM) from Niksic, announced the
Montenegrin Agency for the Restructuring of Economy and Foreign Investment.
The Agency put out a call to strategic investors in mid-August to put in
their offers for the purchase of 54.97 percent of share capital of ICM by
Sept. 30. Of the offered shares, the state owns nearly 22 percent, the
Pension Fund 6% and the Job Centre 7%. Until February, ICM was part of
Zeljezara Niksic steel mill, where the division into separate companies
began. In the meantime Zeljezara Niksic was sold to the Midland Resources
company.
BM_9Slovene Era will construct discount stores in cooperation with Italian
Eurospin
The Slovene Era retail sale chain and the Italian Eurospin company will open
in the next three years some 80 discount stores across Slovenia, announced
the Slovene Dnevnik daily. For the implementation of that project the two
said companies have established a joint company Eurospin Eko that will be
managing the business operations of the new stores that will be doing
business with the Eurospin brand name products. Era has announced that the
first stores will be opened in November in Nova Gorica, Slovenske Konjice,
Prevalj and Velenje. By the implementation of the project ERA plans to
strengthen its position on the Slovene market.
The business philosophy of Eurospin's discount is cutting costs, so that
consumers can expect up to 30 percent lower prices.
(Courtesy Bankamagazine)