Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
SECURITIES COMMISSION
IN AGROPLOD A.D. RESEN
Both SwissLion and Gjorgi Kitanovski own 25% from the shares Securities Central
The Securities and Exchange Commission during the inspection of the way of acquiring Depositary- sanctioned
the shares in Agroplod Resen established that the person Gjorgji Kitanovski as single
shareholder owns 6.621 ordinary shares which present 32, 93% of the total number of issued The Securities and Exchange Commis-
ordinary shares with voting right from Agroplod a.d. Resen. The Commission ascertains that sion seizes the accordance of Stevan Sap-
Kitanovski acquired over 25% of the shares, without giving offer to purchase which would be cevski, for period of 30 working days, for
its obligation according to the Law on buying joint stock company. This behavior was sanc- Director of the Securities Central De-
tioned by the Securitiesand Exchange Commission, therefore brought decision with which the positary AD Skopje for making two irregu-
voting right of Gjorgji Kitanovski is being seized and the dividend right of 1.592 regular shares larities:
which owns Agroplod AD Resen. More, 1592 ordinary shares present 7, 93% of the ordinary
shares with voting right of the company. - block transaction settlement with
More, because violation of Law on buying joint stock companies, the Securities and shares issued by IK Banka AD Skopje aga-
Exchange Commission seizes the right and the dividend right of 1.356 shares which present inst the Law on Securities and the Central
6, 75% of the total number of voting right shares. After the passed measures by Securities Securities Depository and
and Exchange Commission, both SwissLion DOO Skopje and Gjorgji Kitanovski own 25%
each of the voting shares in Agroplod a.d. Resen. - irregular settlement of transaction
with shares issued by the Macedonian
Stock Exchange AD Skopje, respectively
Fines up to 5.000 euro for three companies unbiased delay of the settlement out of the
legal deadline on basis of conclusions
On the meeting held on 09.07.2008,presided by the President of Securities and adopted by bankruptcy judge which are not
Exchange Commission, Marina Nakeva- Kavkarova, the Commission brought decision legal basis for this acting.
with which seizes the voting right and the dividend right from 1.699 ordinary shares with
voting right of Fustelarko Borec AD Bitola, in ownership of Mal Metropol DOOEL Bitola, and More, so far against the director of the
acquired contrary to the Law on buying joint stock companies. Also, the Securities and Securities Central Depositary Stevan Sap-
Exchange Commission passed fines up to 5.000 euro for the purchaser of the shares of Mal cevski, the same has passed three sanc-
Metrolpol DOOEL Bitola and for the brokerage house, Bitola Broker AD Bitola, and up to tions.
2.000 euro for the persons in charge for the two entities.
Agrokor won the award for the Jana water brand, which is being distributed in 25 coun- The STP system is a significant com-
tries. Mepas, Saponia`s general distributor in Bosnia and Herzegovina, won the award for ponent of the services of Deutsche Bank,
top detergent brand Fax and the Croatian unique spice product Vegeta by Podravka is the which has found in the long-lasting and
third award – winning top brand. productive cooperation with Komercijalna
banka a partner for increasing the volume
The general director of Unicredit bank, Berislav Kutle, Lerka Pulic from Agrokor and of money orders and lowering total costs
Zdenko Pavcek from Slovenian Chamber of Commerce won the award for best managers through the STP system.
of 2008.
Date 14.07.2008 number 31
DAILY STOCK EXCHANGE REVIEW OF PRINT MEDIA EVENTS
berzNIK
5
07.07.2008 MONDAY
C O N T E N T S
1. SHORT REVIEW OF EVENTS
Macedonian Stock Exchange recovers shed in two months, and the main criteria for the selection of
INTRODUCTION . . . . . . . . . . . . . . . . . . . . . . . . . . 3 The Macedonian Stock Exchange is a leader in the re- concession will be the investments. This was announced by
gion, is the headline of the stock exchange analyses in Vre- Zoran Krstevski, director of the Public enterprise for aviati-
SECURITIES COMMISSION . . . . . . . . . . . . . . . . . . . . . . . 4 me, in which you can read that after the record monthly drop on, saying that with that will begin new era in the Macedoni-
in June, the past seven days MBI 10 index have increased an aviation, in the celebration of the 55 anniversary of Oh-
STOCK EXCHANGE NEWS... . . . . . . . . . . . . . . . . . . . . . 4 by 7,2 percents, which is higher increase that the one on the rid’s airport. - For almost one year the Government is lead-
regional securities markets, even higher than the one of so- ing a procedure for the airports granting under concession
berzNIK, MONDAY, TUESDAY, WEDNESDAY........... 5-7
me of the stock exchanges in Europe. Belgrade’s index Be- and construction of new cargo-airport in Stip. Now we are in
lex 15 and the Slovenian SBTI Top dropped for over 4%. the second phase in which for the tender have applied re-
London’s lost 0, 96% of its worth and the German DAX have nowned world companies, as the German Hohtiv, the Vien-
CONVERSATION ON THE OCCASION .... . . . . 8-9 reduced by one percent. But, there is another paradox, al- na airport, Turkish Taf and French company Egis. The fol-
though the Macedonian stock exchange have increased the lowing phase is the one in which they will give the offers for
THE TWO NEWEST BOOKS OF PROFESSOR market value, in most of the companies, but on the Official the planned investments. We are expecting the investments
TOME NENOVSKI PROMOTED. . . . . . . . . . . . . 10-12 market, the turnover was lower by 29 percents in relation to to amount approximately 150 million euro, announced Krs-
the previous week when the stock exchange index had tevski.
berzNIK, THURSDAY, FRIDAY, SATURDAY ..............13-15 downward trend. Almost all printed media are conveying the information
Vecer makes analyses too -The Stock Exchange revi- that the companies will be able the applications related to
WEEKLY MAGAZINES.....................................16 ves. The past Stock exchange week was marked by the in- import and export of goods to deliver via electronic way.
crease of indices, but also of the shares prices of the com- Through the system, the companies will be able to submit
EVENTS THAT MARKED THE WEEK..............17 panies with greatest participation in the realized turnover. On electronic application for 70 permissions without waiting in
the capital market were realized 2, 3 million euro, that is 72% front of the desks and to submit additional documents on pa-
WEEKLY REVIEW OF THE MACEDONIAN STOCK on the Official market. In block transaction was realized turn- per. The system is intended for companies which engage
EXCHANGE...............................................18-19 over of 11, 4 percents. And on the Regular market 16, 6 per- with import and export of goods and forwarding, and for over
cents. The Stock exchange index the last stock exchange 15 institutions which issue permissions for import, export
day MBI-10 reached 5154,02 index points which in relation and transit of goods and for Custom’s Administration.
to the previous day it is increase by 2,06 percents. On Friday Vecer announced also that the natural gas in the coun-
the index of Publicly Held Companies MBID dropped by 0, try probably will increase by 10 percents. The major impor-
75%, while the index of bonds OMB remained without chan- ter in the country, Skopje’s company Makpetrol has already
I M P R E S S U M ge of the value. submitted the application to the Energy Regulatory Commis-
In Utrinski vesnik you will read, all are saving their fore- sion. With the correction of the current price of natural gas,
ign exchange while NBRM eases- there is no inflation. The which amounts 22, 5 denars per cubic meter, it is accepted
high inflation and the fear of devaluation were the main rea- the new price to amount approximately 25 denars per cubic
sons for people’s savings of foreign exchanges. If this trend, meter. Prilep’s Vitaminka these days officially started the
since recently, was feature mainly for the citizens, now also production of biscuits in the new plant. The factory has rea-
the Macedonian companies started more and more to orient lized investment worth 5, 5 million euro, of which four million
Publishing: INTERNACIONAL NIK AD - Skopje
Media library and digital archive
towards savings in stable foreign exchange. That shows al- are credit from the European Bank for Reconstruction and
Editors office: berzNIK so the newest researches of National bank of Macedonia. Development. The new investment is a five year project for
Address: Square MAKEDONIJA bb, p.box 882 Skopje, 1000, Experts are precise that the main reason for this phenome- extension of production.
R.Makedonija non is the fear of devaluation… Speculations about the pos- Biznis conveys some of the conclusions made from the
Phone. 02/25.32.800 faks: 02/25.32.839 sible devaluation are not new, but now they additionally are meeting of representatives of the Regional chamber with se-
web: www.interNIK.com.mk; becoming more intense as a result of the high increase of at in Prilep and the local self-government of Municipality of
e-mail: info@interNIK.com.mk prices , but also of some other factors, as the high trade de- Prilep, and the many delegation from Pert, Western Austra-
ficit, which only in five months surpassed 1,1 million denars. lia, who was staying in Macedonian from 26 to 30 June. Du-
Executive Director: Zdravko Josifovski The first man of the monetary power, the governor Petar ring their visit in the country, the delegation made couple of
Account Menager: Divna Pesic Gosev, contrary to these fearing, keeps his precise attitude meetings with ministers and businessmen. The guests were
Public relations: Natasa Dimovska
ICT Manager: Kiro Velkovski
that he will maintain the stability of established rate of denar invited to invest in Macedonia, because our Diaspora is the
Marketing manager: Ivona Josifovska and that there is absolutely no threat of devaluation. bridge which reproaches the two distant countries. Also, they
Assistent: Stojne Danilova Utrinski publishes also that the investments are crucial were informed that Macedonian is prepared for obtaining
Logistics manager: Ana Petrova for selection of concessioner for the airports. The procedure new technologies and transfer of knowledge, especially in
Finance manager: Gordana Stojanovska for granting under concession the airports Alexander the the area of implementation of alternative energy sources,
Great in Skopje and St. Apostle Paul in Ohrid should be fini- and offers high educated and hardworking people.
STOCK EXCHANGE REVIEW OF EVENTS IN THE
PRINT MEDIA berzNIK 2. TOP NEWS - IMPORTANCE BY NUMBER OF PUBLICATIONS
berzNIK is founded in year 2007. 1. COMPANIES CAN APPLY FOR IMPORT-EXPORT ELECTRONICALLY (****)
2. THE BULL RAISED THE PRICES, YET IT REDUCED THE TURNOVER (***)
STOCK EXCHANGE REVIEW OF EVENTS IN THE
PRINT MEDIA berzNIK DNEVNIK VECER
Number: 31 p.5 VITAMINKA OPENS NEW PRODUCTION PLANT p.6 GAS GOES UP!
Date: 14.07.2008 p.5 INCREASED WATER PRICES, LIMITED CONSUMP- p.6 SUPERMARKET TUSH IN KUMANOVO
TION RECOMMENDED p.6 MBI-10 RAISES MORE THAN 7%
IT IS DISTRIBUTED FOR SUBSCRIBERS ONLY p.6 CATERING SERVICES HIGHER FOR 1.7 PERCENT p.6 ELEM SPENT 18 MILLION EUROS ILLEGALLY
BIZNIS p.7 ELECTRONIC LICENSE ISSUING
FRONT PAGE PHOTO: p.1 TRUSTEES AND SHAREHOLDERS WANT OWNER- p.7 INTEREST OF 10 PERCENT FOR FIXED-TERM
THE TWO NEWEST BOOKS OF PROFESSOR SHIP OVER THE DEPARTMENT STORE DENAR SAVING
TOME NENOVSKI p.1 SWISSLION AGROPLOD WITH NEW INVEST- VREME
MENTS OF 10 MILLIONS OF EUROS p.1 WE SPEND HALF OF OUR SALARIES FOR PETROL
Photo: p.5 IMPORT AND EXPORT REQUESTS TO BE DELIV- p.6 BUSINESSMEN TO ESCAPE ONE-STOP SHOPS
Robert Spasovski ERED ELECTRONICALLY p.6 VINICA RESIDENTS TO CHALLENGE THE EXPEN-
p.12 REGIONAL PRODUCTS TO REACH TRADE OF 1 SIVE OIL WITH THE RAPE
Editorial staff of berzNIK BILLION EUROS! p.6 MACEDONIAN STOCK EXCHANGE THE LEADER IN
Internet distributive system: www.interNIK.com.mk p.13 INITIATIVES FOR ENTICING THE FOREIGN INVES- THE REGION
Editor: Makedonka Baldazarska TORS p.7 VITAMINKA FROM PRILEP TO ENLARGE
Journalist: Vaska Mickoska, Kiro Simonovski p.14 CREATING INTERNAL SUPPORT NETWORK VEST
DTP: Tatijana Trpkovska p.15 2.06 PERCENTS INCREASE OF THE MBI – 10 p.2 IMPORT–EXPORT DEMAND ON INTERNET
Editorial staff:
UTRINSKI VESNIK NOVA MAKEDONIJA
News Evaluator: Anita Bashoska, R. Tasovska
[operators]:Mare Lazarevska, Arslan Skoro, Zoran Stamatovski,
p.1 EVERYBODY IS SAVING IN CURRENCIES, THE NB- p.7 THE BULL RAISED THE PRICES, YET IT REDUCED
Martin Arsovski, Gorge Redzik, Toni Arsovski i Darko Tripunovski
RM CALMS DOWN – NO DEVALUATION THE TURNOVER
[translators]: translator's manager Senka Mihajlovska, Angelina p.7 INVESTMENTS OF AROUND 150 MILLION EXPEC- p.7 BUSINESSMEN DEMAND ONE-STOP SHOP FOR
Filipovska, Slobodan Trajkovski, Aleksandar Stamenkovski, Aneta TED EXPORT-IMPORT!
Menoska, Filip Koviloski, Darko Ivanovski p.7 THE COUNTRY WILL KEEP NECESSARY RESER- SPIC
Fotoreporter: Robert Spasovski VES OF OIL p.1 NEW ENERGY SHOCK?
p.7 COMPANIES TO DEMAND PERMITS FOR EXPORT p.5 THE INDUSTRY AHEAD OF NEW ENERGY SHOCK
Marketing, distribucija i prodazba: AND IMPORT ELECTRONICALLY p.5 COMPANIES CAN APPLY FOR IMPORT-EXPORT
INTERNACIONAL NIK AD - Skopje p.7 VITAMINKA TO MAKE BISCUITS FOR FOREIGN ELECTRONICALLY
MARKETS
6 berzNIK number 31
DAILY STOCK EXCHANGE REVIEW OF PRINT MEDIA EVENTS
Date 14.07.2008
08.07.2008 TUESDAY
1. SHORT REVIEW OF EVENTS
Good start of the week, MBI-10 increases subjects and to increase the liquidity and effici- world markets, according to Energy Regulatory
by 6.88% - this was the title of the stock exchan- ency of the financial market, simultaneously re- Commission, mark petrol increase in average by
ge analysis in Biznis. A turnover of 79.47 million ducing the administrative burden during making 1.66% and diesel by 2.32% in the past 14 days.
denars was made on Macedonian Stock Ex- financial security agreements. According to ex- Dnevnik, however, gives the information -
change yesterday. Through one block-transacti- planation of the Minister of Finance Mr. Trajko Fine of EUR 10.000 to 20.000 for companies
on, 7,484 shares were traded from Zito product, Slaveski, the Law refers both to domestic and and EUR 3.000 to 6.000 for citizens that will
Sveti Nikole for DEN 45.3 million. In the regular foreign subjects. It enables integration and effi- usurp a state agricultural land, the Ministry of
trading on the Official market there were 30 mil- ciency of the financial market, as well as stabili- Agriculture informs. Those who use a state land
lions and on the Regular market 4.15 million de- ty of the financial system, supporting the free- without a leasing contract have time to collect
nars. Meaning, with 30 million denars MBI-10 in- dom of providing services and free movement of the crop and give up the fields. On the contrary,
creased by 6.88%, an increase we have not se- capital on the single financial services market, the fines will be double from the envisaged.
en for such a long time. MBID index has increa- the minister indicated. According to the new law on agricultural land, fi-
sed by 2.7% and the bonds index by minimal Utrinski vesnik publishes that the new Law nes are also envisaged for those who have a le-
0.06%. Without any exceptions, all shares of on Public Roads envisages state roads to be gi- asing contract, but do not use the fields proper-
MBI-10 were going up yesterday. Makpetrol ven under concession. The Law also provides ly.
went up the most. With an increase by 25.02% founding of Agency for state roads which will be - The fines range from EUR 1.000 to
in fixing and traded 43 shares, the average price financed from the pay tolls for using a highway, 100.000 for those who use the agricultural land
went up to DEN 81.894,77 per share. The big- the national road or part of them. On the Agen- for other purposes, pollute the land or have built
gest turnover was realized with the shares of cy’s account will be transferred the fee for the houses on agricultural parcels – the Ministry de-
Granit. use of the roads from foreign vehicles. The new clared.
Is the optimism on the Stock Exchange res- Law provides the fee from the car registration to Today, you will also read that the suprema-
toring? – Utrinski vesnik writes. Judging by the be shared equally between the Agency for State cy battle over Agroplod is intensifying. The cur-
increasing trend of the indexes and the increa- Roads and the City of Skopje, i.e. the municipa- rent dominant owner of Agroplod, Serbian com-
sed number of transactions and turnover, the lities. pany Swisslion, may be deprived from running
analysts and the brokers hope that, after sever- Though crude oil prices continue going wild the company on July 23, when company’s Sha-
al-month stagnation, the optimism returned on world markets, and it was more than certain reholders’ Assembly is scheduled. In that case,
among the investors on the Stock Exchange that home prices would have gone up by some the head of company would become the domi-
and things are getting better. percent yesterday, Macedonian Energy Regula- nant individual shareholder Georgi Kitanov, who
The analysts are already writing about “the tory Commission, by some miracle, decided not owns 33% of Agroplod stocks, and he will join
return of the bull” after the index of the ten most to change the price in the next 15 days. Ac- stocks with other small shareholders at the As-
liquid companies closed with positive value last cording to yesterday’s decision, diesel increa- sembly, which will practically represent 40% of
week. sed by half a denar, extra-light fuel increased by stocks. This might occur due to deprived vote of
Today`s newspapers convey the informati- denar and heating oil by 2.67 denars per kilo- 5,339 stocks or 25.39% of the stocks owned by
on about the adoption of the Law on Financial gram. Swisslion by the Securities Commission on de-
Security which will increase market liquidity and Preserving the same petrol prices in Mace- mand of the Public Prosecution.
efficacy. The law is expected to enable better donia is a result of denar record low against the
protection of financial transactions amongst dollar. The referent prices of oil derivates on
DNEVNIK VECER
p.9 DRACONIAN FINES FOR STATE FIELD USURPATION с.1 SWISSLION WILL WIN THE BATTLE OVER AGROPLOD
p.9 THE FOOD INDUSTRY IS THE FUTURE OF PELAGONIJA p.6 MONOPOLY OF MAKEDONIJA PAT TO ABOLISH
p.9 REK BITOLA INCREASES THE ELECTRICITY PRODUCTION p.6 ROAMING BURNS LIKE THE SUN
p.9 AGRICULTURISTS RECEIVE OIL SUBVENTIONS p.6 DIESEL BECOMES EXPENSIVE IN OUR COUNTRY, BUT NOT
p.9 INCREASED DIESEL PRICES FOR HALF A DENAR THE PETROL
BIZNIS VREME
p.1 MBI-10 INCREASES FOR INCREDIBLE 6.88 PERCENT p.6 ONLY 170 MILLION EUROS REMAIN FOR CITIZENS
p.2 WE ARE NOT GOING TO REBRAND THE COMPANY RE- p.6 RUSSIANS CAME BACK IN REK BITOLA
GARDLESS GREEK BLOCKADES p.7 PETROL PRICE THE SAME, IT WILL INCREASE IN TWO
p.3 THE LAW ON PUBLIC ROADS TO ORGANIZE THE ROAD WEEKS
SECTOR VEST
p.3 MONTHLY LEASE OF 56,640 DENARS p.3 OVERHAUL OF THE THREE BLOCKS OF REK BITOLA
p.3 HIGHER LIQUIDITY AND EFFICIENCY ON THE MARKET p.3 DIESEL GOES UP FOR HALF A DENAR
p.11 MSE IN RED OF 70 PCT NOVA MAKEDONIJA
p.13 TRADED 76.42 PERCENT OF ZITO PRODUKT, SVETI NIKOLE p.1 MSE RAISES IN HONOUR OF THE NEW CABINET
p.13 GROWTH OF THE TURNOVER AND THE SHARE PRICES p.7 TURBULENT DAY
p.15 OIL PRICE TO CONTINUE TO GO UP p.7 STOCK MARKET JUMPS IN HONOR OF THE NEW GOVERN-
p.15 DIESEL GOES UP- PETROL WITH THE OLD PRICE MENT
UTRINSKI VESNIK p.7 EXCEEDS THE PRODUCTION IN REK BITOLA IN THE FIRST
p.5 GENERAL REPARATION OF ALL THREE BLOCKS OF REK SIX MONTHS
BITOLA p.8 THE PRICE OF THE DIESEL INCREASES, THE OIL PRICE
p.6 PUBLIC ROADS TO BE GIVEN UNDER CONCESSION REMAINS THE SAME
p.6 THE BATTLE FOR SUPREMACY OVER AGROPLOD INTENSI- p.8 FATMIR BESIU REQUESTS NEW ASSESSMENT OF AGRO-
FIES PLOD?
p.6 IS THE OPTIMISM ON THE STOCK EXCHANGE RESTORING? SPIC
p.7 OIL BURNS WORLDWIDE, HOME PRICES REMAIN p.6 FISCALISATION LEFT THE COUNTERS EMPTY
p.7 INCREASED PRICE OF DIESEL
Date 14.07.2008 number 31
DAILY STOCK EXCHANGE REVIEW OF PRINT MEDIA EVENTS
berzNIK
7
09.07.2008 WEDNESDAY
1. SHORT REVIEW OF EVENTS
As of November this year, the trading will be bers did not receive, although they were prom- which manages to reduce the problem with rate
alleviated for the Macedonian export-import com- ised from the Ministry of Agriculture. Namely, the appreciation and growing costs of the labor. Ac-
panies, today’s edition of all daily newspapers in- domestic bee-keepers request money from the cording to the analysis, in the South Eastern co-
form. It will be enabled by the Customs Adminis- state to go to China and to deliver 300 tons of ho- untries, the economic growth on middle term can
tration’s single window system, through which the ney without an import agreement with the Chine- be stabilized to five or six percents, but that would
data, information, and documents necessary for se Import Company and agreed details of the not reduce the high unemployment rate. Balkan
the trade operations are submitted, and then the deal. The bee-keepers state that their plan was to will remain source of working force, but mainly
control of the good is carried out only once in one go to Beijing and to agree upon the desired quan- they are unqualified workers.
place. The project, implemented by the Customs tity and the price of the honey. In order for the The Government came out with one more
Administration of the Republic of Macedonia in shipment to get on time in Beijing, it should have measure which should absorb the consequences
cooperation with USAID, will be also available to been sent about a month ago. from the increase of the oil price. As of next year,
the forwarding companies and to over 15 state Credit applicants under intensified observati- the country will begin to store crude oil reserves,
institutions. The single window system will signif- on, is the title of the article in Biznis, where it is oil types of motor and airplane petrol, diesel fuel
icantly reduce the period, expenses, and docu- read that the new Credit register, which is prepa- and kerosene, EL cooking oil and heating oil. Oil
ments of the companies, which, until now, had to red by the National Bank of the Republic of Ma- derivates will no longer be kept in the frames of
submit 120 various types of export and import cedonia, will ease the work of the banks, especi- stock reserves and for them will not be set aside
permits. USAID Mission Director Patricia Rader ally in the current period of expansion of the lend- budget funds, but they will be purchased with
expects this single window system to improve the ing operations. It comprises records on clients’ in- funds from the compulsory compensation, com-
efficiency and to make Macedonia more attrac- debtedness - legal entities with sum over 500,000 prised in the fuels price. The compensation will
tive for the foreign investors. denars, natural entities with indebtedness of over be paid by the importers and producers of oil and
The work of the export-import companies 150,000 denars and all other natural and legal oil derivates.
and transporters in this country will also be eased entities that have more than 50,000 denars in sa- After the “boom” on MBI-10 index two days
with the introduction of the non-stop working ho- vings houses. The register will be complemented ago, yesterday there was a slight fall and it
urs of the newly opened public customs wareho- by two new information, providing of the credit i.e. ended on 5,564 index points, i.e. positive 1.02%.
use, property of the transport firm Deni internati- mortgage, endorser, money deposit and debt ma- The index of the publicly owned companies has
onal, whereupon the clients will receive Europe- turity, which will provide insight in the number of ended on positive 1.03% and the index of the
an customs services and they will receive their days being late for payment. bonds - OMB, on negative 0.01%. The total
goods more quickly. The unnecessary long and The inflation is temporary and it will signifi- turnover of the trading was a bit smaller in rela-
expensive stay of the heavy goods vehicles in the cantly decrease next year, is the prognosis of the tion to the trading two days ago and it amounted
customs storages and terminals in the country Vienna Institute for International Economic Rela- 70,362,601.91 denars through 287 transactions.
will be avoided this way. tions in the study of the countries from Middle and On the Official market, a total turnover of
The planned export of Macedonian honey for Eastern Europe, published in today’s edition of 29,220,479.92 denars has been realized through
the Summer Olympics in Beijing will not be reali- the daily newspaper Utrinski vesnik. It is empha- 214 transactions, while the value of the trading
zed, citizens association Esnafi published in to- sized in the study that the countries from the re- on the Regular market was 11,217,122 denars
day’s edition of the print media. The reason for gion support well the global quakes, which is link- through 72 transactions.
this is the necessary financial support the mem- ed to the increased productivity of the workers,
T
elekable fully covers Bitoa, Stip and 70 name is most familiar to the people. The net- ness, although at the begging we weren’t
percents of Skopje. Since recently star- work in Skopje was opened in 2000 and sure about that, and to be honest, we were
ted working also in Strumica, and from afterwards we directed ourselves towards seeing this business more as advertising,
1st October they are planning to start oper- promotion of the services, such as the cable but at the end it turned out as very good and
ating in Veles. The cable operator plans net- television, fast cable Internet, instead of con- profitable business. On the other side, we
work expansion in all towns in the country. quering new territories. Since the beginning have problems in maintaining the margins of
we started working with quality materials, the cable television, to have at least some
The entering of Telekable on the landline which at that time amounted 27 times more minimum profit. This situation is a result of
telephony and their partnership with the that those of the competition. Our connec- the copyrights. All contracts made with some
Austrian company I-call we used as occa- tion was expensive, but in the same time we television are related to very dynamic prices
sion for conversation with Zoran Iliev, man- were offering enhanced quality and we had and every year the price goes up, and we
ager of this cable operator. According to Iliev satisfied users, say Iliev. are trying not to change the price for sub-
after the signing of the contract for intercon- scription, 350 denars.
nection with Makedonski telekom (one week For the question about the number of
ago) the only thing that is still unsolved is to users of the services of Telekable in the Where do you see the solution?
decide about the technical details. Iliev moment and their further strategy we
announces also summer discount, respec- obtained the following answer. Iliev say: The solution lays, above all, in the digi-
tively reduction of the modems by 50 per- talization, because the basic package has
cents and the digital receivers by 30 per- - We always know the exact number enough channels which some people per-
cents. of internet users, but we don’t know the haps don’t want to watch, but simply they
exact number of users of cable television are in the package, and with the digitaliza-
because there are always connections and tion they will have option to choose what
disconnections of users, transferring to they want to see and to be made packages
another cable networks, new connections, by chose. That service in our country is
so we cannot always precise the exact num- available since November the previous year,
ber of users, but we know the figures on there is offer of that kind of package, but we
each territory separately. More, the number are still testing what is the best.
of internet users we determine according o
the number of sold modems which now The previous week you have announced
amounts approximately 17.000 in entering in the landline telephony. What are the
Macedonia. conversation prices, having in regard the cur-
rent high interconnection prices with T-Home?
Is it possible to be user of Internet, but not
to be subscriber of the cable television of I don’t know exactly. The price relates to
Telekabel? Is it possible these two services to conversations on regional level, not on local.
be separated? So far, we have made only regional intercon-
nection on three points, three regional cen-
That is possible, but that service is still ters- Bitola, Stip and Skopje and it have to
too expensive. We also have optic network, be in that way if we want to have calls in the
- We are always oriented towards through which we are transmitting internet whole country, but that would be in the
the needs and desires of the home users. signal, and this network is used usually by future, if we have enough traffic we can
We are following their living standard and we the state institutions, banks, but I believe make also regional connection, and then the
are trying to give them the best offering, that that price will be reduced very soon. price would be lower. From that point of
since our begging of working, says Iliev, More, the cable for internet is the same view, T-Home has advantage, they are cov-
referring to their path of development. cable for television and cannot be separated ered with regulation, they are paying us for
We started with few brands. In January from technical reasons. Also, according to local conversations, and we pay them for
2007 in Stip we opened Robi, the next year the number of users we are paying VAT each regional.
in Bitola, in 1999 in Sveti Nikole. month to the Agency for electronic communi-
Everywhere we started with different brands cations, no matter if some of the users The most important fact, which nobody
because of the that time Law which was pre- haven’t paid the bill for the month; we are presents, is that we have made connection
scribing that one owner could have only one paying according to the number of users with Telekom, and now we are unimportant
cable network, says Iliev.- Later that impru- therefore all must pay for cable television, factor for them and they have the right to dic-
dent law was altered, so one operator could because it is base for all the other services. tate the price. However, since we obtain
obtain license for working on the whole terri- Telephony can be used separately from the greater number of users, the interests will be
tory of Macedonia. That procedure lasted internet, but it cannot be separated from the different, the same prices will be valid, we
until the previous year and now remained cable television in the moment. Later, when will pay to T-Home, but also reversely, they
only the rebranding to be made, which we the other network extends, the IP part can will pay us.
are expecting to happen no later than the provide that service too.
New Year, when all networks will use the Who do you consider as your major com-
name Telekabel. The networks Robi we will We are very satisfied for the internet and petitor in the moment? You have T-Home,
rebranded in Telekabel, because that brand we believe that we have made good busi- Cabletel, Ontel, T-Home… as your competitors….
Date 14.07.2008 number 31
DAILY STOCK EXCHANGE REVIEW OF PRINT MEDIA EVENTS
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Currently, only Telekabel enters into ter-
ritories where operates Cabletel, and we
have a little advantage, because they
bought networks which were not operating
and they are starting form the beginning with
the work. In about year we expect them to be
out major competitors.
Nenovski -that the authority especially entrance in the economy, for mutual com- Black clouds appear for time to time
those dealing with the public finances con- petitive fight and accomplishment of the above our country having serious threat for
trol and spending should always have the final goal of each business i.e. the profit the national economy on which authors
holy trinity – the three “E”. So, the public and this leads towards what we all want, should pay special attention.
money should be managed on economical, long-term economic development of the
effective and efficient manner. This is Threat don`t come from inside but
what I constantly emphasize to our from outside and among the state in
students: You can not ignore those the world our state is the most exposed
three E when you`re dealing with pub- state to the world influences. Because
lic money… all happened in a very short time.
This preoccupation or those
changes happening in the field of pub- The latest shock is what`s happen-
lic finances in the past several years ing on the world level by fuels` growth
made me comment them on a manner and the elementary products` price in-
which I call public facing with the pub- crease representing a kind of threat to
lic through giving proper comments, the National economy for the Republic
analyses, studies published in differ- of Macedonia.
ent newspapers or different studies.
Due to which my first study is
The major part of materials con- named “Risky Year” trying to underline
tained in the Economic Brightening the threats to people dealing with eco-
refers to the changes appeared in the nomic policy on which the economic
public sector… policy will be exposed to during this
year in order to take all necessary
I`ve considered that those measures to protect the economy from
changes led towards abandoning the these influences.
transitional period through which
Macedonia passes and preserving the If the personal influences make lit-
day light – reviewing the economic tle contribution for Macedonian econo-
clear weather above our state which my, I would say that I am satisfied
slowly began to transform in one eco- today.
nomic field for one equal competition
for those who want to enter on this Actually this was intention, little
business field. … adornment, little boasting and recom-
mendation for what to expect and rec-
Those are the economic operators ommendation to those who must pro-
which have proper chance for easier RM. Of course the situation is changing. tect the economy.
In the rich publishing production developed by the Institute Ohrid, as promotion and issuing books are: Middle European
borders by Olli Rehn (on Macedonian and Albanian language); both book of Veton Latifi – Implementation of the agreements
(1) and (2) on Albanian language; the two successive editions for Republic of Macedonia external trade report for 2006 and
2007 on English and Macedonian language; the book Cultural Differences and social integration by Ganka Cvetanova and
other. Above all books that elaborate topics from fields which according to the Institute are significant for our society.
Date 14.07.2008 number 31
DAILY STOCK EXCHANGE REVIEW OF PRINT MEDIA EVENTS
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13
10.07.2008 THURSDAY
1. SHORT REVIEW OF EVENTS
The already started decrease of the prices of fer for its successful and professional working, one that they will abide by the legal obligation.
the shares on the Macedonian stock exchange co- can read in the newspapers. Deutsche Bank has The Macedonian brand Resana started to be
ntinued yesterday, inform the today’s newspapers awarded the reward for most successful Direct pro- manufactured in a record – breaking amounts from
in the stock exchange’s reports. A turnover of 26 cessing (STP) for 2007, for the exceptional quality 10 tons per day, informs Vest. The Agroplod Com-
millions of denars has been realized, and all the in sending the payment messages to Deutsche pany has achieved the record in the newly con-
three indexes on our stock exchange have ended Bank. It is a matter of significant component in the structed hall for production of Resana, in which one
in minus, where the MBI – 10 has decreased the services of Deutsche Bank, which in the long term invested with the strategy of the new owner of the
most, more than -4% in order to end on 5 339.78 and productive cooperation with Komercijalna Swisslion factory. From the manufactured amo-
points. The MBID has decreased for -1.28%, and banka sees a serious partner in the increase of the unts, even 88 percents are being exported on the
the index of the bonds OMB for -0.20%. From the range of the payment services and the decrease of markets in the neighboring countries and in the
shares, on the other side, the one of Toplification the overall expenses via the system. overseas countries like America and Australia.
has lost the most, which had been trading yester- The news made public in Utrinski Vesnik which And while the Resana is breaking new re-
day for a price of 8 086 denars, although last year, is connected with the banking sector, conveys that cords, the shareholder Gorgi Kitanovski, which
the same share has reached a maximum value of the Constitutional court of the yesterday’s session owns 33 percents from the capital in the factory
18 968 denars. According to the analysts, the dec- had annulled four provisions from the Law on blames in today’s Vecer that the privatization of Ag-
rease is most probably a result of the recent infor- banks, reached in 2007. The three legal provisions roplod is nothing but a pure game. According to
mation about the increase of the heating for 60 per- have been annulled because with them it is predict- him, the Swisslion group does not have even one
cents. ed that bank shareholders, managing people with denar of investments in the factory from Resen and
In today’s editions of the printed media, the special rights and liabilities, i.e. members of admin- that they have been performing an unseen torture
news about the opening of the modern shopping istrative and supervisional boards, as well as mem- and pressure on the employees in the factory in
mall of the Slovenian company Tush in Kumanovo bers of the administration that are being deter- order for them to sign reports that they are in favor
is among the top news. The supermarket, which of- mined by the governor in business banks, are not of the Swisslion brand to stay in Agroplod.
fers over 14 000 products to the buyers is part of to be convicted people. According to the court, The rush about the implementation and about
the chain of 23 supermarkets in the country, in there can not be signed condition in the Law for the the functioning of the patriotic fiscal receipts is not
which 540 millions of euros will be invested. person not to be convicted, and whether the person calming down, inform some of the papers. Part of
Among the most present news is the one that will be, it is a question of the one that is going to the tradesmen still have not upgraded their softwa-
Procredit bank, since yesterday in its branches has take the decision in the election. re from the fiscal appliances, while part of the ones
implemented the TCP appliances that are intended The markets from Skopje will be closed if in the that issue them are giving false appearance for the
for cash procession. The appliances are set next to shortest possible term provided that special facili- bought Macedonian products. – These are parado-
the councilors for clients in the facilities of the bank ties are not provided for sales of milk, meat and of xes that illustrate that no one in the country, not
and with them they can perform cash payments eggs, is the announcement of the Veterinary even the authoritative institutions, nor the trades-
and repayments of the current endorsement, sav- Institute of Macedonia, which is being conveyed by men are prepared for the patriotic fiscal appliances
ings and intern accounts, as well as payments on the newspapers. The reason for such step is that and all of this in the shadow of the expected epilo-
installments for credits and credit cards, are on one the veterinary inspectors have found many spoilt gue from the Constitutional court for the legitimacy
place. Procredit is the first bank in Macedonia that food products on the markets in the last couple of of the implementation of these appliances, com-
uses these machines. days. Skopski Pazar A.D. did not comment the de- ments Utrinski vesnik.
Komercijalna banka has received one more of- cision of the Veterinary Institute, but they announce
2. TOP NEWS - IMPORTANCE BY NUMBER OF PUBLICATIONS
1. TUS ANNOUNCES INVESTMENTS OF 540 MILLION EUROS IN MACEDONIA (****)
2. AGAIN DECREASE ON MACEDONIAN STOCK EXCHANGE (***)
DNEVNIK p.8 MAKPETROL WILL SHARE DIVIDEND TOMORROW
p.8 STARTING FROM 1 AUGUST -NEW PRICE OF HEATING VECER
p.8 NEW DEVICES OF PROCREDIT p.6 BREAD CHEAPER BY TWO DENARS-
p.8 THE WORK OF GREEN MARKETS WITHOUT COOLERS BANNED p.6 AGROPLOD’S PRIVATIZATION IS SIMPLE TRICKERY
p.8 SUPERMARKET OF TUS IN KUMANOVO p.6 BIO-FUELS INCREASED THE FOOD PRICE FOR 75 PERCENT
BIZNIS p.6 SILMAK OBTAINS ECOLOGICAL PERMISSION
p.1 THE OFFICIAL MARKET SPINS THE STOCK EXCHANGE p.7 AGRISAN TO PURCHASE AGRICULTURAL PRODUCTS
p.1 WE ARE AIMING TOWARDS LEADERSHIP IN THE GROUP OF p.7 AUTOMATIC CASH PROCESSING
MEDIUM BANKS p.7 AWARD FROM DEUTSCHE BANK
p.3 EXCEPTIONAL QUALITY IN SENDING PAYMENT MESSAGES VREME
p.3 SIRMA TO BUILD DAIRY p.6 SUMMER ON CREDIT
p.4 THE GOVERNMENT WILL DEMAND HIGHER DIVIDEND AGAIN p.6 THE HEATERS WILL FREEZE IF THE HEATING PRICE REMAINS
p.12 THE BEAR STARTS TO DANCE AGAIN ON THE STOCK EXCHAN- UNCHANGED
GE p.6 WE WILL FINALLY KNOW WHAT WE ARE EATING
p.13 THE THREE STOCK EXCHANGE INDEXES ARE IN RED p.6 THE MACEDONIAN SUM MORE EXPENSIVE THAN THE SLO-
p.13 BIGGEST PART OF THE SHARES – LOSERS VENIAN
p.16 PROCREDIT BANK WITH TCR CASH PROCESSING DISPENSERS VEST
p.16 KOMERCIJALNA BANKA OPENS SUBSIDIARY IN KUMANOVO p.8 10 TONS OF RESANA A DAY
UTRINSKI VESNIK NOVA MAKEDONIJA
p.1 PATRIOTIC RECEIPTS DO NOT FUNCTION p.7 THE STOCK EXCHANGE REDUCES, SO DO THE PENSION
p.1 AGAIN DECREASE ON MACEDONIAN STOCK EXCHANGE FUNDS
p.1 THE COOLING DEVICES HEATED UP THE ELECTRICITY p.7 WHICH WAS THE DANCING BEAR?
p.7 CONVICTED PERSONS TOO CAN BE SHAREHOLDERS OF A p.8 SIRMA TO BUILD DAIRY IN BITOLA
BANK!? p.8 NENOVSKI: FIXED INFLATION TO SEE THE DENAR RATE
p.8 MKD 20.000 FOR LIQUOR LICENSE p.8 TUS ANNOUNCES INVESTMENTS OF 540 MILLION EUROS IN
p.8 SLOVENIANS BRING TUS IN KUMANOVO MACEDONIA
p.8 THE MARKETS WILL BE CLOSED IF THEY SELL MEAT AND MILK SPIC
UNDER OPEN SKY p.7 FOOD CONTROL BY WORLD STANDARDS
p.8 DEUTSCHE BANK AWARDS KOMERCIJALNA p.7 THE BREAD OF ZITO PRILEP TWO DENARS CHEAPER
p.8 FAST CASH REGISTERS IN PROCREDIT BANK p.7 KUMANOVO TOO WITH SUPERMARKET OF SLOVENIAN SHOP-
PING CHAIN TUS
14 berzNIK number 31
DAILY STOCK EXCHANGE REVIEW OF PRINT MEDIA EVENTS
Date 14.07.2008
11.07.2008 FRIDAY
1. SHORT REVIEW OF EVENTS
Decisions passed by the Securities commis- Utrinski Vesnik, this makes minor shareholder to 8 late salaries and contributions for health and
sion on its last session, are the main economic gain importance, whose votes might be deciding pension insurance for the last seven year. They
topics in printed media. All papers inform that when it comes to the decision who is going to con- are not satisfied of company`s management,
Securities Commission (SC) passed decision for trol the company. which is state owned company. Half year ago,
30 days suspension for the agreement on Stevan The news that cable operator Telekabel, in when workers threatened to strike, the Govern-
Sapcevski to become Director of the Central Se- partnership with telecommunications company ment transferred one million euros on company`s
curities Depository. He is sanctioned due to per- Aicall, starting September will start offering fixed account, which were intended for salaries and
formed tow irregularities: alignment of block trans- telephony services, is also displayed in all news- purchase of raw materials.
action with shares issued by IK Banka Skopje in papers. One week ago, company concluded Saving in denars is reduced, Biznis conveys.
contrary to the Law on Securities and CSD rule- agreement for interconnection wirh the bigger fix- The new saving of citizens is fully in foreign cur-
book and irregular alignment of transaction with ed operator in the country T-Home, which makes rency, while denars deposits record drop on
stocks issued by Macedonian Stock Exchange, the fourth fixed telephony operator after Make- monthly basis. It is characteristic that citizens, al-
i.e. ungrounded delay of the alignment outside the donski Telekom, Ontel and Cosmofon. Telekabel so in the corporative sector, record expressed ten-
legal frame on the base of conclusions adopted by officials still refuse to reveal prices that will be dencies for saving in foreign currency. This brings
the Redundancy Judge which do not represent offered, but they announce the they will be much deceleration of the annual growth rate of denars`
allowed legal ground for such act. Suspension will lower than competition`s. deposit potential, which reached 26.8% in May, in
be on power for 30 working days, and following State budget this year increased by 260 mil- contrary to average 54.7% in 2007.
this decision, which is opposed and appealed by lion euros. By the budget rebalance prepared by Macedonian Stock Exchange recorded
Sapcevski, he will continue performing the head the Government, incomes will amount 144.7 bil- increased turnover of total of 32.26 million denars.
function. lion denars, which is increase by 12.4% compared MBI-10 dropped again, but only -0.87% reaching
Securities Commission suspended the voting to the projection, and expenditures are deter- 5,293.31 points, papers` stock exchange reports
right and dividend over 1,356 stocks, due to mined at 150.3 billion denars. Projected deficit of convey. Almost half of the turnover was realized
breaching of the Law on Takeover of Joined Stock 5.6 billion denars, i.e. 1.5% of the projected gross from stocks of Komercijalna Banka. These stocks
Companies. Securities Commission suspended domestic product, can be read in the papers. Ac- record total trade of 2,738 stocks at average price
the right to vote and dividend on 1,592 (7.93%) cording to the Minister of Finance, Trajko Slave- of 5,800 denars, other companies, components of
ordinary shares owned by Gjorgji Kitanovski in ski, increased incomes are result of the increase MBI-10, realized minimum trade. Regular Market
Agroplod, who owns 32.93% of the company. collection of all sorts of taxes, expected increased recorded two unusual transactions. By 6.24 mil-
Share suspension of Swisslion and Gjorgji Kita- dividend from Makedonski Telekom and increase lion denars were traded 102 stocks of the insur-
novski, both own by 25% of Agroplod, compli- income of concessions and privatization. ance brokerage firm Euromak Broker, and by 2.42
cates the fight within the company and the out- Some papers convey the protest of employ- million denars were traded 897 stocks, i.e. 15%,
come of the shareholders` assembly is uncertain, ees of OHIS in front of the Government. Workers of the brokerage company Bitola Broker.
which should be held on 23rd of July. According to demand the Government to find a way to pay their
DNEVNIK VREME
p.7 TAX FOR THE PURCHASED MILK p.7 PRO AND FARMERS REQUIRE MONEY FROM IMB
p.7 ARACINOVO AND KONDOVO IN DARK p.7 SALARIES INCREASE WILL INFURIATE THE INFLATION
UTRINSKI VESNIK VEST
p.1 THE INCREASED BUDGET THREAT FOR THE IN-FLA¬TI¬ON p.2 THE COURT ACQUITTED FROM CHARGE SMILENSKI FOR
p.1 SMILENSKI ACQUITTED FOR KARTONTEKS KARTONTEKS
p.7 THE INCREASED BUDGET THREAT FOR THE INFLA¬TI¬¬ON p.9 THEY ARE NOT PAYING THE MILK WITHOUT UNPAID PER-
p.7 HYPO ALPE ADRIA TO BUY BANK IN MACEDONIA? SONAL TAX
p.8 THE STATE REQUIRES 3 MILLION EURO FOR TAX FROM NOVA MAKEDONIJA
THE FARMERS p.8 KOMERCIJALNA AMORTIZES THE FALL OF MBI-10 FOR TWO
VECER DAYS
p.1 THE CITIZENS HAVE TO GET USED TO THE INFLATI¬ON p.8 THE NATURAL GAS PRICE INCREASES BY 15 PER CENT
p.5 THE CITIZENS HAVE TO GET USED TO THE INFLATI¬ON SPIC
p.7 THE FOOD DIRECTORATE HAS NO SENSE FOR FOOD p.5 ACQUITTAL FOR METODI SMILENSKI
SAFE¬TY p.6 CHEAPER ROAMING FOR COSMOFON SUBSCRIBERS
p.7 INTERRUPTION OF BREAD PRODUCTION p.6 THE MONEY SURPLUS IN BUDGET IS NOT FOR TREATING
p.9 COMES THE TURN OF THE JUNCTION’S CIRCLE p.7 FOUR COMPANIES ARE COMPETING FOR AIRPORTS CON-
p.10 SMILENSKI TO BE NAILED IN LIE CESSION
16 berzNIK number 31
DAILY STOCK EXCHANGE REVIEW OF PRINT MEDIA EVENTS
Date 14.07.2008
07.07.-12.07.2008 MONDAY-SATURDAY
1. SHORT REVIEW IN THE WEEKLY MAGAZINES
mentary products, there are specialized camera Macedonia. 60 million euros are planned to be
stores in the frames of the trade center as well as invested this year on all three foreign markets.
stores offering mobile phones and a branch of- Currently, Tus has 42 markets in the trade net-
fice of Komercijalna banka offering banking ser- work in Slovenia, 49 supermarkets, 34 drug-
vices. stores, six Cash and Carry centers, three Planet
- Tus has no intention to stop with Stip and Tus, 12 catering facility, 11 gas station services
Kumanovo. We plan to open a trade center in and 119 franchise business units.
Skopje, next year, which is our primary goal, due The expansion of the retail network by con-
to the number of citizens and the economic situ- struction of new points of sale and acquisitions,
S
lovenian company Tus plans to realize the ation. We plan to invest around 30 million euros the offer of high – quality products and services,
second link from the chain of 20 super- – said Jernej Murn, Tus Trejd Macedonia. additional benefits to buyers and the high repu-
markets, planed to be constructed during The launching of another supermarket in tation on the market, are the elements which
the next five years in all the major cities in Ma- Macedonia actually represents a step forward to influence on the high income growth, the market
cedonia. After the supermarket in Stip, a modern accomplish company`s strategy for business` share and the number of employees. Besides
trade center was put into operation last week in internationalization. Namely, after the successful the trade activity, Tus provides services regard-
Kumanovo, on a surface of three thousand growth on the domestic market, where Tus trans- ing the entertainment, recreation, catering, real-
square meters. 37 persons are employed in the forms into the biggest trade chain which seven estate and energy. According to all important
supermarket and the total investment costs 2.7 years now carries the epithet of the fastest grow- indicators, Tus can compete with the developed
million euros. ing enterprise, Tus decided to invest abroad and European market, where in many segments Tus
Besides the supermarket offering buyers last year it began to realize the investments in productiveness and the efficiency are crucially
more than 14 thousand products, mainly ele- Bosnia and Herzegovina, in Serbia and above the European average.
18 berzNIK number 31
DAILY STOCK EXCHANGE REVIEW OF PRINT MEDIA EVENTS
Date 14.07.2008
W E E K LY R E V I E W O F M A C E D O N I A N S T O C K E X C H A N G E
period 07.07. - 11.07.2008
Date 14.07.2008 number 31
DAILY STOCK EXCHANGE REVIEW OF PRINT MEDIA EVENTS
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