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 16.02.2018
16.02.2018 | Belgrade Stock Exchange closed due to national holiday; SBITOP index lost 0.22 percent; Dow rallies 306 points, notches 5-day winning streak, Europe holds onto gains at the close amid mixed earnings, Airbus soars 10.3%
Daily Report 15.02.2018
15.02.2018 | NBS: Serbia's economy to expand by 3.5% annually in 2018, 2019, NBS says; NBS: Serbia's c-bank says inflation to remain within target; AERO: Serbian state to undertake limited closed share issue; Belex closed due to state holiday; SBITOP gained 0.26 percent; Bank profits up by a quarter in Slovenia; Gorenjska banka generated EUR 15.6 million of profit; Dow surges 253 points, posts 4-day winning streak, Europe in green as well
Daily Report 14.02.2018
14.02.2018 | NBS: FX reserves in January 2018 at EUR 9.6bn; Cinkarna Celje considering construction of factory in Serbia – Potential investment of EUR 300 million; Kostic interested in part of Agrokor – New investments in Croatian tourism sector planned; SBITOP lost 0.84 percent; Slovenia aproching pre-crisis employmet growth rates; Current accunt surplus up by 706 million to 2813 million in 2017; Stocks post 3-day winning streak as comeback from correction continues, Europe stocks close in the red amid corporate earnings, miners outperform
Daily Report 13.02.2018
13.02.2018 | Serbia still among medium business risk countries according to D&B – Direct foreign investments increase by 12.9%; Region has "underdeveloped basic public infrastructure"; Belgrade Stock Exchange to launch crowdfunding platform by late March; SBITOP index gained 1.84 percent ; The value of industrial production in December 2017 at the annual level is higher by 12.2% ; Dow closes more than 400 points higher after its worst week in 2 years, European stocks end sharply higher as global markets rebound
Daily Report 12.02.2018
12.02.2018 | NIIS: NIS and MOL continue cooperation with Jadranski Naftovod – Agreements worth around EUR 67 million signed; Gazprom to build Turkish Stream in EU territory in line with EC regulations; EPS to prepare reconstruction of Vlasina Hydro Power Plants – Life cycle to extend by 30 years, system power higher by 8%; SBITOP not immune to global asset repricing; SURS: External trade in 2017 the largest in recent years; Dow bounces more than 300 points Friday, but still posts worst week in 2 years, European stocks close lower amid global market turmoil
Daily Report 09.02.2018
09.02.2018 | NBS: Key policy rate kept on hold; Tender for contractor for Belgrade subway in 2020?; MK Group biggest exporter of grains in 2017 as well; Prešeren's day, a holiday of Slovenian culture on February 8th; Dow plummets 1000 points, now down 10% from record, S&P 500 drops 3.7% to new low for week, European markets close lower as tech stocks slump, DAX down 2.6%, BOE holds rates
Daily Report 08.02.2018
08.02.2018 | Fiat to decide on new model to be produced at Kragujevac plant on June 1; Zelezara Smederevo biggest exporter from Serbia in January 2018; Agreement with Mytilineos reached – Serbia to pay USD 40m in four installments by December 2018; SBITOP index gained 1,18% after days of correction; The European Commission has again improved the economic outlook for Slovenia; Slovenian state asset management stays as it is; Slovenian annual price growth in January 2018 was 1.5 percent, at monthly level deflation (-0.8%); S&P 500 closes lower in biggest reversal since February 2016 as rates pop, European markets close higher after recent market turmoil
Daily Report 07.02.2018
07.02.2018 | The year 2025 is just an indicative date for Serbia’s full EU membership; Sale of Telenor Bank falls through – Bulgarian River Styxx Capital fails to obtain permission from NBS; Another EUR 30 million of support to small and medium enterprises in Serbia – Banca Intesa and EIB sign new loan agreement; SBITOP index lotst 2,08 percent; Dow closes 567 points higher after crazy market swings, European stocks close sharply lower amid continued global sell-off
Daily Report 06.02.2018
06.02.2018 | World Bank: Strong reforms might lead to 5% growth of Serbia’s GDP; Serbia not to be left without gas; Russians to increase ownership in South Stream Serbia AG?; SBITOP index lost 0,15 percent on Monday; Gorenje selling Surovina and Gorenje Tiki; Slovenia continues to be a net exporter in 2016; Dow plunges more than 1,100 points in wild trading session, S&P 500 goes negative for 2018, Erope extended losses as well
Daily Report 05.02.2018
05.02.2018 | AERO: Potential signing of air transport agreement between Serbia and Qatar; AIKB: NBS withdraws authorization to AIK Bank for acquisition of Gorenjska; Serbia's central govt debt falls to 61.5% of GDP at end-2017; Correction of SBITOP index last week, Slovenian gaining in terms of Economic Freedom; Dow lost 2.54% on Friday, European close lower, Deutsche Bank ends down more than 5%