Average net salary in Serbia RSD 52,426
Average gross salaries and wages calculated for February 2019 amounted to RSD 72,350, while average net salaries and wages amounted to RSD 52,426, according to the Statistical Office of the Republic of Serbia. Median net salaries and wages for February 2019 amounted to RSD 40,308, meaning that 50% of employees realized wages and salaries up to the mentioned amount.
KMBN: Komercijalna reported lower 1Q19 net profit, net interest income & FC income nearly flat y/y
Komercijalna Banka reported RSD 1.66bn in its 1Q19 net profit, down 12% y/y on higher other costs, while net interest income and net F&C income were basically flat y/y. Credit activity stagnated, while total assets remained at very similar level seen at the end of 2018. Privatization tender is expected to be declared in mid-June.
Source: KMBN, Ilirika
Fitch Ratings confirms Serbia's credit rating
The credit rating agency Fitch Ratings has affirmed Serbia's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at 'BB," the National Bank of Serbia said on Saturday, adding that the agency said Serbia's outlook is stable. The agency said that the decision to confirm the stable outlook for increasing Serbia's credit rating was based on the continuity of the economic policy, aimed at further strengthening macroeconomic indicators and reducing public debt. The agency also noted the anchoring of inflationary expectations and expectations that inflation in Serbia will be kept within the limits of the National Bank's goal in the coming period.
Dow jumps 190 points after unemployment falls to lowest in half century, Amazon shares gain, Europe markets close higher after US jobs data
Stocks rose on Friday, rebounding from a two-day loss, as data showed U.S. job creation was stronger than expected in April. The Dow Jones Industrial Average rose 197.16 points to 26,504.95, while the S&P 500 rose nearly 1% to 2,945.64, posting its biggest gain since April 1. The Nasdaq Composite climbed 1.6% higher to hit a record high of 8,164. Shares of Amazon got a boost from an investment by Warren Buffett’s Berkshire Hathaway.
Friday’s rally was led by Amazon, whose stock rose for the first time in five days after Buffett told CNBC Thursday that one of his investment managers at Berkshire Hathaway has been buying Amazon. Shares of the e-commerce giant were up 3.2% Friday.
European stocks were higher Friday afternoon, as investors digested payrolls data in the U.S. The pan-European Stoxx 600 Index closed provisionally up around 0.4% during Friday trade, with most sectors and major bourses in positive territory.
Germany’s Adidas surged toward the top of the European benchmark Friday, after the sports brand reported a 17% rise in first-quarter net profit. Shares jumped more than 8% on the news, hitting a new record high. Looking at individual stocks, Societe Generale was also trading higher. It comes after France’s third-largest bank said its restructuring plan — launched after a market meltdown in the final three months of 2018 — was starting to bear fruit. However, the lender reported a first-quarter profit dive of 26% when compared to the same period a year earlier. Shares rose nearly 1.5% Friday.