Daily Report 07.05.2019
Datum objave: 07.05.2019
Large German company to arrive in Serbia
President Aleksandar Vucic announced on Friday the arrival of one of the most technologically advanced German companies to Serbia. "I believe that next week I will be able to finalize the arrival of one large, one of the most technologically advanced German companies to Serbia," Vucic told reporters after touring the works on the Surcin-Obrenovac bridge.
Sale of Budimka scheduled for June 11, 2019 – Initial price around EUR 4.5 million
After years of stagnation, the Pozega-based Budimka will soon enter a new era with a new owner. The sale of this company, whose bankruptcy was declared in late 2017, has been scheduled for June 11, and the initial price will be around EUR 4.5 million. Considering the names cited as potential purchasers, but also the profit that the brand and the potentials of Budimka promise, the sale price is expected to differ drastically from the initial price.
Public debt of Serbia amounts to EUR 23.39 billion at end-March
The public debt of Serbia amounted to EUR 23.39 billion at the end of March 2019, which is 50.9% of the gross domestic product (GDP), the Ministry of Finance announced. The public debt is nominally higher by EUR 240 million compared to the end of February, when it amounted to EUR 23.15 billion and when its share in the GDP amounted to 50.4%.
Dow makes stunning comeback, recovering nearly all of 471-point plunge on hope trade deal not dead, Europe stocks close down but off session lows as US-China trade tensions escalate
Stocks recovered the bulk of their earlier losses on Monday as investors bet China and the U.S. will still strike a trade deal despite President Donald Trump’s threat to hike tariffs on Chinese imports over the weekend.
The Dow Jones Industrial Average ended the day down just 66.47 points at 26,438.48, while the S&P 500 closed 0.4% lower at 2,932.47. The Nasdaq Composite was down 0.5% at 8,123.29.
Wall Street also contended with news of the U.S. deploying a carrier group and bombers in the Middle east as tensions with Iran increase. The move, according to national security advisor John Bolton, said this was a warning to the Iranian regime, noting: “The United States is not seeking war with the Iranian regime, but we are fully prepared to respond to any attack.”
European stocks saw a sell-off on Monday, after President Donald Trump said the U.S. would hike tariffs on goods from China. Germany’s DAX and France’s CAC closed down by around 1%, trimming some heavy losses seen earlier in the session as sentiment improved on Wall Street. In the U.K., markets were closed due to a public holiday.
In the corporate world, ThyssenKrupp said it is still looking to reach an agreement with European antitrust regulators on a planned joint venture with Tata Steel, Reuters reported.
Daily Report 09.05.2019
09.05.2019 | EBRD sees steady growth in Western Balkans – Montenegro and Serbia fastest growing economies in the region in 2018; Construction of Preljina-Pozega highway section to begin on May 17; IMF to recommend increase in price of electricity by up to 5%?; Stocks close little changed in volatile trading day as investors unsure of trade deal outcome, European stocks close higher as White House says China wants to make trade deal
Daily Report 08.05.2019
08.05.2019 | Three loan agreements on projects worth USD 142 million signed with World Bank; Demand for cash loans rises, each Serbian citizen owes EUR 1,000 in average; EUR 930 million transferred from Serbia to offshore companies last year; Dow drops 470 points on growing trade-war threat, biggest decline since early January, Europe markets close lower as US-China trade tensions escalate
Daily Report 07.05.2019
07.05.2019 | Large German company to arrive in Serbia; Sale of Budimka scheduled for June 11, 2019 – Initial price around EUR 4.5 million; Public debt of Serbia amounts to EUR 23.39 billion at end-March; Dow makes stunning comeback, recovering nearly all of 471-point plunge on hope trade deal not dead, Europe stocks close down but off session lows as US-China trade tensions escalate
Daily Report 06.05.2019
06.05.2019 | Average net salary in Serbia RSD 52,426; KMBN: Komercijalna reported lower 1Q19 net profit, net interest income & FC income nearly flat y/y; Fitch Ratings confirms Serbia's credit rating; Dow jumps 190 points after unemployment falls to lowest in half century, Amazon shares gain, Europe markets close higher after US jobs data
Daily Report 03.05.2019
03.05.2019 | Serbia's GDP growth slows to 2.3% y/y in Q1; NIIS: NIS reports disappointing net profit for 1Q19; ENHL: Energoprojekt reported higher consolidated net profit on better other&financial result, while sales shrink 30% y/y; Dow drops 120 points, stocks fall for a second day after Fed Chief Powell signals no rate cut soon, Europe shares close lower as BOE holds rates, factory activity contracts, VW up 4%
Daily Report 25.04.2019
25.04.2019 | JMBN: Serbia to sell 28.5% stake in Jubmes Banka in May - fin min; IMF mission to visit Belgrade in early May; Chinese want in on Belgrade Subway project – Memorandum signed between Serbia, City of Belgrade and Chinese company; S&P 500 slips from record close as Caterpillar and AT&T fall on earnings, European markets close lower amid corporate earnings, SAP shares jump 12%
Daily Report 24.04.2019
24.04.2019 | Serbia sends offer to Volkswagen – If they accept, factory to be located in Indjija, Jagodina as alternative; Serbian sugar industry produces barely enough sugar for domestic needs; Huawei to open regional innovation center in Belgrade – Chinese technological giant and Government of Serbia to develop smart cities project; S&P 500 and Nasdaq rally to record closing highs after strong earnings from broad range of companies, Europe markets close higher as investors brace for earnings deluge
Daily Report 23.04.2019
23.04.2019 | European Investment Bank invests more than EUR 5.5 billion in Serbia – Realization of 16 big projects in progress; Powerchina eyes Serbia's Belgrade metro construction project; MK Group regains top rank in Serbian agribusiness; Stocks end the day little changed as Wall Street braces for a corporate earnings deluge, EU markets were closed
Daily Report 22.04.2019
22.04.2019 | AIK banka considering acquiring other banks in Serbia, region; NBS: One year ahead inflation expected at 2.5-2.7%; Serbian regulator issues license to Vodafone; NYSE&EU markets were closed on Friday
Daily Report 19.04.2019
19.04.2019 | Fiscal Council: Solution proposed for CHF-denominated loans risky; New owner to invest 30 mln euros in Port of Novi Sad; Serbia getting 200 million Euro a year of free funds form EU, minister says; Dow rises more than 100 points after big day for earnings and IPOs, European stocks close higher as investors shrug off weak data, look to strong earnings