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BALKANS – SELECTED COUNTRIES OVERVIEW. SLOVENIA, CROATIA & SERBIA. Uroš Ivanc Executive Director – Finance Triglav Insurance Company Ltd. Selected Countries. Croatia. Slovenia. Serbia. Slovenia. EU & EMU Member 2 Million Residents GDP per capita 2006: 15.167 EUR (19.024 USD)
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BALKANS – SELECTED COUNTRIES OVERVIEW SLOVENIA, CROATIA & SERBIA Uroš Ivanc Executive Director – Finance Triglav Insurance Company Ltd.
Selected Countries Croatia Slovenia Serbia
Slovenia • EU & EMU Member • 2 Million Residents • GDP per capita 2006: 15.167 EUR (19.024 USD) • Growth in 2006: 5,7 % • Exp. GDP Growth: • 2007: 5,8 % • 2008: 4,6 % • Inflation 2006: 2,8 % (year-end) • Exp. 2007: 4,3 % • Exp. 2008: 2,9 % Source: BS, UMAR, IMF
Slovenia – cont’d • Market cap. (shares): 19,5 bn EUR • Average Daily Turnover: 14,4 mln EUR • Top 5 shares: Source: LJSE
Croatia • EU Accession Country • 4,4 Million Residents • GDP per capita 2006: 7.706 EUR (9.666 USD) • Growth in 2006: 4,8 % • Exp. GDP Growth: • 2007: 5,0 % • 2008: 5,0 % • Inflation 2006: 3,2 % (year-end) • Exp. 2007: 2,8 % • Exp. 2008: 2,3 % Source: HNB, UMAR, IMF
Croatia – cont’d • Market cap. (shares): 43,5 bn EUR • Average Daily Turnover: 19,1 mln EUR • Top 5 shares: Source: ZSE, HNB
Serbia • Pending for EU Integrations • 7,4 Million Residents (without Kosovo) • GDP per capita 2006: 3.280 EUR (4.114 USD) • Growth in 2006: 5,7 % • Exp. GDP Growth: • 2007: 5,0 % • 2008: 5,0 % • Inflation 2006: 6,6 % (year-end) • Exp. 2007: 6,0 % • Exp. 2008: 6,0 % Source: NBS, UMAR, IMF
Serbia – cont’d • Market cap. (shares): 17,7 bn EUR • Average Daily Turnover (Est.): 7,6 mln EUR • Top 5 shares (estimates): Source: BELEX
Performance Source: Bloomberg, LJSE, ZSE, BELEX
Risks • Politics • Croatia: EU entry date, Cooperation with ICTY • Serbia: Kosovo, Cooperation with ICTY, EU accession invitation • Exchange rate • Croatia – HRK • Serbia – RSD • Liquidity – Average Daily Turnover per Stock Traded • Slovenia: 154.760 EUR, Top 5: 1.038.520 EUR • Croatia: 73.919 EUR, Top 5: 575.175 EUR • Serbia (est.): 18.565 EUR (Jan.-Sep.), 9.817 EUR (Sep.), 22.158 EUR (Jan.) • Top 5: 124.342 EUR