Sava

Ljubljana – The insurance group Sava saw its half-year net profit reduced by a third year-on-year to EUR 28.9 million as operating revenue remained level at EUR 364.2 million. The company said the drop was mainly due the frequency of vehicle insurance claims returning to pre-pandemic levels.

Ljubljana – Delo says in Saturday’s front-page commentary that the scare related to the York fund potentially selling its 47% stake in the tourism company Sava to Hungarians was “a storm in a teacup”, as the state will most likely exercise its pre-emptive right to the stake.

Portorož – Croatian businessman Darko Ostoja is allegedly selling four hotels in Portorož, Slovenia’s best known seaside resort, that he acquired in 2014. According to a report Delo, a Slovenian insurance group has indicated interest in buying the hotels.

Ljubljana – Economy Minister Zdravko Počivalšek said he would strive for the state to exercise the pre-emptive right to a 43% stake in the tourism company Sava, which the private equity fund York has agreed to sell to Prestige, a company backed by a Hungarian fund. The final decision will be made after talks with the buyer and the relevant state institutions.

Ljubljana – The insurance group Sava generated EUR 674.9 million in operating revenue last year, up 15.5% compared to 2019, while net profit increased by 12.3% to EUR 56.4 million, which was also above plans, show the unaudited results announced on Friday.

Ljubljana – The Competition Protection Agency has given the go-ahead for Slovenian Sovereign Holding (SSH) to take over spa operator Terme Olimia in what is seen as a step in the creation of a state hospitality holding.

BELGRADE - Belgrade Mayor Sinisa Mali stated on Tuesday morning that sandbag levees have been put up on the banks of the Sava and the Danube near Zemunski Kej, an urban neighborhood of Belgrade, thus protecting the capital from flood surge.