The Company maintained profitability of the business despite adverse macroeconomic conditions and low prices of crude oil in the global market. A continuous implementation of the operational efficiency improvement and cost cutting programme helped NIS group to achieve a net income of 10.9 billion dinars in the first nine months of 2015. EBITDA stood at 32.3 billion dinars. NIS continued with investing, putting in a total of 18.95 billion dinars in funding investments in the first nine months of 2015, predominantly in oil and gas exploration and production.
⚏Belgrade Stock Exchange
- Belgrade Stock Exchange extended the trading hours
- Low oil prices continue to burden NIS in 2Q 2015
- Gazprom Neft's NIS Blames First Loss Since 2010 On Crude
- Breaking News: Greece's Piraeus Bank sold all shares of AIK Banka (AIKB)
- FX charges sank NIS’s profit in 2014
- Mid Europa Partners Acquires Danube Foods Group
- Telekom Srbija plans to launch mobile banking services in H2 2015
- T-bills sold for 50 million euros
- NIS Share Falls Most Since June 18 Amid Weak Dinar, Cheap Crude
⚏Regional News
Germany's Fraport AG said on Friday it has reached an agreement with a consortium headed by Slovenian state holding firm SDH for the purchase of a stake in the operator of the Ljubljana airport for 177.1 million euro ($229.3 million).
Analysis and Reports
Serbia News
- Zagreb Stock Exchange took over the Ljubljana Stock Exchange - the price undisclosed
- Sinisa Krneta director of the Belgrade Stock Exchange
- Key Policy Rate Lowered to 6.5 Percent
- Serbia's c-bank cuts key repo rate to 7%
- Decision Amending the Decision on Banks’ Required Reserves
- Key Policy Rate Kept at 8 Percent
- Government accepts Esmark’s offer for privatisation of Smederevo steelworks
- Serbian c-bank cuts FX reserve requirements for banks by 1.0 pct
- Key Policy Rate Kept at 8 Percent
General News
- Vendor.rs
- Unions and employers without agreement on minimum wage
- VIG turns to Q1 pre-tax profit in Serbia
- French companies in Serbia to hire young people soon
- Foreign companies push price up
- IMF to Push New Serb Government to Reduce Spending More
- Serbia Sign $716 Million Coal Plant, Mine Deal With China’s CMEC
- Serbian Central Bank Cuts Growth Forecasts, Mulls More Rate Cuts
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