Market - Raiffeisen Bank

Market Performance Highlights February 10 th , 2012.
Index 1d% Ytd% pts
ATX(AT) 0.32 18.7 2,246
SBITOP(SI)
BELEX15(RS)
BETI(RO)
CROBEX(HR)
SOFIX(BG)
SASX10(BiH)
BIRS(BiH)
-1.46 -3.5 569
0.93 6.7 533
1.23 17.4 5,092
0.53 2.2 1,778
-1.36 -4.2 309
-0.58 3.0 816
-0.33 -5.3 811
B&H
The new Council of Ministers of B&H
finally confirmed today (positive)
B&H
Signing of contract on construction of
Corridor VC bridge between B&H and
Republic of Croatia (positive)
Market
News Flash
Macroeconomic Environment:
The new Council of Ministers of Bosnia and Herzegovina finally confirmed
today (positive)
Signing of contract on construction of Corridor VC bridge between B&H and
Republic of Croatia (positive)
Capital Market:
The Federal Government adopted decision for planned T-bills issues for
2012 (positive)
BLSE: Several issuers will be permanently excluded from the Free Market
(neutral)
Company News:
Approved acquirement of shares of Pobjeda Sport d.d. Goražde (positive)
Scheduled Shareholders Assembly:
ASA osiguranje d.d. Sarajevo (neutral)
The House of Representative of the State Parliament on its session today finally
confirmed the new elected State Council of Ministers. The Central Election
Commission earlier completed the evaluation procedure of the proposed
Ministers and their Assistants, confirming that they all met the statutory
requirements to be appointed as ministers. Mr. Vjekoslav Bevanda was
officially named as the Chairmen of the B&H Council of Ministers by the
House of Representatives on January 12 th 2012 after which he, in negotiations
with key political parties and in accordance with the agreement of 6 political
leaders, proposed 9 Ministers and 10 Minister Assistants. The Members of the
Council of Ministers will be: Mr. Zlatko Lagumdzija (Minister of Foreign Affairs
- SDP), Mr. Nikola Spiric (Minister of Finance - SNSD), Mr. Barisa Colak
(Minister of Justice – HDZ BiH), Mr. Sredoje Novic (Minister of Civil Affairs -
SNSD), Mr. Damir Hadzic (Minister of Communications and Transport - SDP),
Mr. Damir Ljubic (Minister of Human Rights and Refugees – HDZ 1990), Mr.
Muhamed Ibrahimovic (Minister of Defence - SDA), Mr. Sadik Ahmetovic
(Minister of Security - SDA) and Mirko Sarovic (Minister of Foreign Trade and
Economic Relations - SDS).
Source: www.sarajevo-x.com
Mr. Rudo Vidović, the State Minister of Communication and Transport signed
a contract on construction of the bridge between B&H and Croatia on river
Sava. The contract was signed with the Austrian company “Strabag” and the
Chairman of the company “Croatian highways” Mr. Stjepko Bonan. Total
value of contract amount to EUR 20,964,336.77 (excluding VAT) and it will be
financed in the ratio of 50:50 between B&H and Croatia. The bridge will be
connection between Corridor VC in Croatia and B&H, 640 meters long, while
construction deadline is 24 months since introduction of contractors on site.
Source: www.mojevijesti.ba

Market News Flash
SASE
The Federal Government adopted
decision on T-bills issues for 2012
(positive)
BLSE
Several issuers will be permanently
excluded from the Free Market (neutral)
Pobjeda Sport d.d. Goražde (PSPG)
Aprroved acquirement of shares of
Pobjeda Sport d.d. Goražde (positive)
ASA Osiguranje d.d. Sarajevo
(ASAOR)
Scheduled Shareholders Assembly
(neutral)
The Federal Government adopted the Decision on short-term debt issue, by
planned issuing T-bills in 2012 in total amount of BAM 60,000,000 through
2-3 public issues. The funds will be used for financing of the obligations
arising from the internal debt of FB&H. In particular, funds will be used for
settling obligations based on the frozen currency savings, war claims and
matured T-bills from 2011. The third T-bills issue will be executed through a
public auction on the Sarajevo Stock Exchange (SASE) by method of multiple
or unique price, with nominal value of BAM 10,000 per T-bill and maturity
data of 182 days. The expected day of the third issue is February 28 th
(Tuesday).
Source: www.ekapija.ba
From the Free Market on BLSE will be permanently excluded following
issuers :
DIP Srbac a.d. Prijebljezi - in bankruptcy (symbol: DIPS)
Prijedorka a.d. Prijedor - in bankruptcy (symbol: PDKA)
ITK Triko a.d. Gradiška - in bankruptcy (symbol: TRIK)
Univerzal a.d. Banja Luka - in bankruptcy (symbol: UNIV)
Enikon a.d. Zvornik - in bankruptcy (symbol: ENIK)
AS Fabrika akumulatora a.d. Srebrenica - in bankruptcy (symbol:
FAAS)
Zenit a.d. Bijeljina - in bankruptcy (symbol: ZENT)
Juprom a.d. Nevesinje - in bankruptcy (symbol: JUPR)
VELEŽ-BOTIN a.d. Nevesinje - in bankruptcy (symbol: VBOT)
Source: www.blberza.com
Based on the Decision of the Federal Government adopted yesterday, it is
approved acquirement of shares of Pobjeda Sport d.d. Goražde by foreign
company Umarex Sportwafen GmbH & Co.KG, Arnsberg Germany, in the
amount higher than 49% of total equity capital. The purpose of adopting this
decision is continuing previous business cooperation between these two
companies, in order to spread business relationship on domestic and foreign
markets, especially procurement of new sophisticated equipment and
machinery, which will result with development on new products and opening
new working opportunities on the area of Bosansko-podrinjski Canton,
according to the statement of the Government.
Source: www.ekapija.ba
On the 32nd session, Supervisory Board of ASA Osiguranje d.d. Sarajevo
Adopted the Decision on convening 10th Shareholders Assembly which will be
held on Friday 02.03.2012. in Sarajevo, in premises of the company,
address: Bulevar Mese Selimovica 16, with the beginning at 3 p.m. Short
Agenda:
Adoption of the Decision on Increasing Basic Capital
Adoption of the Decision on Second Closed Shares Issue
Adoption of the Decision on Amendments to the Statute.
Source: www.sase.ba

Impressum
Raiffeisen Research
Raiffeisen BANK d.d. Bosna i Hercegovina
Investment Banking Division
Sanja Korene, Head of Investment Banking; Phone: + 387 33 28 71 22, e-mail: sanja.korene@rbb-sarajevo.raiffeisen.at
Ivona Kristić, Head of Research; Phone: + 387 33 28 77 84, e-mail: ivona.kristic@rbb-sarajevo.raiffeisen.at
Dragomir Grgić, Head of Capital Markets; Phone: + 387 33 28 71 26, e-mail: dragomir.grgic@rbb-sarajevo.raiffeisen.at
Nadira Cenanović, Head of Brokerage Business and Investment Advisory; Phone: +387 33 28 76 47, e-mail:
nadira.cenanovic@rbb-sarajevo.raiffeisen.at
Raiffeisen CAPITAL a.d. Banja Luka
Nataša Majstorović, Director; Phone: + 387 51 23 14 90, e-mail: natasa.majstorovic@rbb-sarajevo.raiffeisen.at
Publisher
Raiffeisen BANK d.d. Bosna i Hercegovina
Zmaja od Bosne bb, 71000 Sarajevo
www.raiffeisenbank.ba
Raiffeisen direct info: +387 33 75 50 10 • Fax: +387 33 21 38 51
This publication was completed on February 10 th , 2012
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