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 16.03.2018
16.03.2018 | GDP grows by 4.2% in January, PM says; ENHL: EP Entel contracts new jobs worth EUR 6.7 million; Serbia and Japan continue cooperation in energy – Mining and geology in focus as well; SBITOP extends it advance; Dow closes 115 points higher, but broader market struggles as trade war fears linger, European equities finish on a high note amid strong earnings
Daily Report 15.03.2018
15.03.2018 | NBS: Key policy rate lowered to 3.25%; Serbia to prepare to open another 5 chapters in EU negotiations by the end of March; AERO: Six weekly flights from Tehran to Belgrade soon – Air lines from other Iranian cities planned as well; SBITOP gained minor 0.07%; Cinkarna Celje with strong revenue growth and cost reduction in 2017; Dow closes more than 200 points lower, as Boeing slides on fears of a China trade war, European stocks close slightly lower as trade war fears weigh on Wall Street
Daily Report 14.03.2018
14.03.2018 | NBS: NBS FX reserves in February at EU R9.7bn; Total foreign trade of Serbia amounts to EUR 2.62 billion in January 2018; IMF and Serbian delegation officially start talks about new arrangement; SBITOP reached 822.66 points; NLB Nov penziski fond AD Skopje joins Sava Re Group; Dow drops more than 150 points, Nasdaq snaps 7-day winning streak as tech shares slide, Europe finishes sharply lower after Tillerson ousting rattles markets
Daily Report 13.03.2018
13.03.2018 | Fiat biggest exporter in first two months of 2018; Memorandum on reconstruction of Belgrade-Zagreb railway signed – Works on Serbian territory worth around EUR 250 million; NBS: Annual inflation in February at 1.5%; SBITOP remained stable at 818.1pts; Dow closes 157 points lower amid lingering trade-war worries, Europe ekes out minor gains by the close, as utilities outperform fellow sectors
Daily Report 12.03.2018
12.03.2018 | Budget surplus in January at RSD 22.1bn; JESV: Jedinstvo bought back additional 100 own shares; ENHL: Sava preuzela Energoprojekt Garant; SBITOP gained 0.14 percent reaching 818,12 points; Petrol to make a final decision on paying out 16 EUR per share dividend. Results of SavaRe and Zavarovalnica Triglav promise high level dividends; In 2017 the Sava Re Group wrote €517.2 million in gross premiums, an increase of 5.5% over 2016 and 4.7% more than planned.; Nasdaq closes at record, Dow rallies more than 400 points after jobs report, Europe finishes in the black as well
Daily Report 09.03.2018
09.03.2018 | Kostic repeats expression of interest in part of Agrokor – Investments in Slovenia and Montenegro more important than purchase of PKB; ENHL: Sheikh Mubarak bin Fahad Al-Thani, Ambassador of Qatar to Serbia – World Cup preparations opportunity for Serbian companies; Serbia to be regional maintenance hub for Airbus helicopters; SBITOP gained 0.93 percent, reaching 817.01 points; Gorenje, d.d. received 4 non-binding offers from potential Asian strategic partners; Intereuropa Group generated a sales turnover of EUR 150 million; 25 percent plus one share in Deželana Banka Slovenije, d.d. sold; Stocks close higher after Trump signs tariffs that exclude Mexico and Canada, Europe markets closed higher for the fourth straight session following ECB decision
Daily Report 08.03.2018
08.03.2018 | NBS: Meeting of the NBS Executive Board postponed; Serbia to enhance cooperation with Albania after 30 years – Ministers of agriculture announce two agreements; Continental opens Center for Research and Development in Novi Sad – Germans to employ another 500 workers; Large dividend payers in Slovenia report profit this week - the outlook for dividends looks good Zavarovalnica Triglav (ZTVG) generated a net profit that enables the payment of a dividend of EUR 2.5. This means dividends yield on the dividend 7.68 percent. Good results have been published by Petrol (PETG), which indicate a 10 percent increase in dividends compared to the previous year, which would amount to about 4.6 percent dividend yield at present market price. This week we expect the annual report of the company SavaRe, whose shares also tend to bear more than four percent dividend yield.; SBITOP lost 0.12 percent reaching 809.49 points; Grupa Petrol ima 495 benzinskih stanica, od čega 317 u Sloveniji, 106 u Hrvatskoj, a ostale u BiH i Srbiji.; Stocks rally off lows, Nasdaq closes positive after White House hints Canada, Mexico could be exempt from tariffs, European stocks close higher after EU threatens US with tariffs, Renault briefly pops 8%
Daily Report 07.03.2018
07.03.2018 | EBRD's new five-year strategy for Serbia – Expected growth in 2018 amounts to 2.9%; American companies interested in infrastructural projects in Serbia; Higher GDP, employment growth key challenges for 2018, PM says; SBITOP gained 0.43 percent; The Koper container terminal from today with a new connection to Munich; Part of the EU funds for the second track could be used by the Directorate for Infrastructure instead of 2TDK; Stocks close higher but investors remain on edge over tariffs debate, Europe ends slightly higher despite Italy uncertainty, US tariff concerns
Daily Report 06.03.2018
06.03.2018 | Serbian capital market awakening – First IPO drawing closer, crowdfunding platform for startups and small companies soon; Serbian legislature to harmonize with EU acquis by the end of 2021; Serbia negotiates about 29,000 of new jobs; SBITOP lost 0.37 percent; Triglav Group in 2017: Profit Above the Budgeted Level, Performance Impacted by Higher Claims, Reporting Year Marked by Strategic Development Activities; Dow closes 336 points higher as trade-war worries ease, Europe ends on a high note despite Italy's political uncertainty, AXA sinks 9.7%
Daily Report 05.03.2018
05.03.2018 | Serbian banks' NPL ratio falls to 11.1% at end of November; ENHL: Energoprojekt Niskogradnja and Colas Rail to lay down tracks on Ada Bridge – Tram traffic to open no sooner than in July 2019; Serbia and China negotiating about new air route; SBITOP down 0.13% on Friday, while gaining 0.02% w/w; S&P 500 and Nasdaq close higher as health care jumps, but snap 2-week winning streaks, Europe tumbles by the close as Trump’s tariff announcement spooks investors