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 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
Daily Report 02.03.2018
02.03.2018 | NIIS: NIS reported RSD 27bn in FY 2017 net profit, up 80% y/y; Dialogue between Belgrade authorities and IMF on future goals to begin in mid-March; German carmaking giant to make big investment in Serbia?; SBITOP moved down by 0.82 percent; GDP up by 6.0 percent in the fourth quarter of 2017 and by 5.0 percent in 2017; Dow closes more than 400 points lower after Trump says steel and aluminum tariffs comingEurope finishes deep in the red amid mixed earnings
Daily Report 01.03.2018
01.03.2018 | Serbia's GDP grows 2.5% in Q4; Serbian industrial output in January 2018, up 10.6% y/y; BELEX ends February in red; SBITOP index gained 0.89 percent yesterday; Dow closes 380 points lower, snaps longest monthly win streak since 1959, European stocks close lower on Powell’s comments, ITV down 7.6%
Daily Report 28.02.2018
28.02.2018 | NBS: Annual inflation expected at 3% for one year ahead period; CCNB: Halkbank increases capital by EUR 20 million – Turks own 99.94% share; AERO: Belgrade Airport reported nearly flat FY 2017 net profit at RSD 3.2bn; SBITOP gained 0.14 percent; MF grants primary dealerships to four banks to issue additional bonds; Dow falls 299 points after Powell signals Fed will keep raising rates to contain inflation, European stocks close in the red amid earnings, Powell testimony, Sky surges 20.5%
Daily Report 27.02.2018
27.02.2018 | Share of grey economy in Serbia lowered to 15.4% of GDP – Cashless payments reducing room for non-transparent transactions; First public call for Nis-Pristina highway possibly to open by the end of 2018; Serbia and Bulgaria sign memorandums on cooperation in rail and water transport – Joint application for EU funds enabled; SBITOP closed 809.46 points; Mlinotest with 1.7 million of net profit; SURS: In 2017 tourists generated almost 12 million overnight stays; Dow rallies nearly 400 points, European markets close higher as focus shifts to data, politics,
Daily Report 26.02.2018
26.02.2018 | NIIS: NIS rescheduled earnings report for 1st March; KMBN: Komercijalna Banka reported RSD 7.18bn in 2017 pre-tax profit; NBS: Annual inflation in January at 1.9%; SBITOP lost less than half a percentage point; Jozef Kausich new CEO of Intesa Sanpaolo; Dow rallies 347 points as stocks close higher for the week, Europe markets close mixed amid corporate earnings, Valeo down 11%
Daily Report 23.02.2018
23.02.2018 | EIB to provide 20 mln euro SME loan guarantee facility to Serbian banks; Serbia successfully completes three-year arrangement with International Monetary Fund – New program not to be financial; EIB analyzing feasibility of Nis-Merdare-Pristina highway – Approval for first section worth EUR 240 million in the second half of 2018; SBITOP lost 0.27 percent; Nasdaq closes lower for fourth straight day, S&P 500 hangs on to slight gain, European markets recover losses by close, Barclays up over 4%