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 18.04.2019
18.04.2019 | EBRD investments in Serbia to reach approx. 500 mln euros; Serbian Government adopted CHF housing loans conversion; Chinese investment worth EUR 150 million – Construction of residential complex in Jajinci to begin in mid-2019; S&P 500 slips as health-care losses overshadow strong earnings and China growth, European markets close marginally higher amid earnings
Daily Report 17.04.2019
17.04.2019 | Agricultural exports from Serbia to EU triple in past nine years; Volkswagen hasn't given up on Serbia; WB: Economic situation in Serbia good, reforms crucial; Dow rises as earnings season continues, Boeing gains on FAA software update, European stocks close higher as US earnings raise confidence
Daily Report 16.04.2019
16.04.2019 | Serb-China agreements signed in Dubrovnik worth nearly USD 10 billion; Annul inflation in March at 2.8%; Elite Agro from Abu Dhabi among largest landowners in Serbia; Stocks slip after lackluster earnings from Goldman Sachs and Citigroup, Europe stocks close higher amid US bank earnings, Nokia falls 4% on Goldman downgrade
Daily Report 15.04.2019
15.04.2019 | Chinese to invest in Serbia's energy sector - minister; Serbian state budget reports surplus in Q1; Germany is Serbian most significant external trade partner; Dow rises 260 points, S&P 500 posts 3rd weekly gain led by Disney, JP Morgan, European stocks close slightly higher on Brexit relief, strong US earnings
Daily Report 12.04.2019
12.04.2019 | EAEU-Serbia deal due to be signed in October; NBS FX reserves rise to 11.44 bln euros in March; Krka proposes 10.3% higher cash dividend, Luka Kopre posted 8% sales growth in 1Q19, IMAD sees favorable economic trends in Slovenia this year; Stocks close little changed as Wall Street gets set for the start of the corporate earnings season, European markets close higher as airline stocks rally on Brexit extension
Daily Report 11.04.2019
11.04.2019 | IMF: Serbia's GDP to grow 3.5 pct in 2019, 4 pct in 2020; World Bank: Serbia has good HCI ranking; Serbian industrial output, exports revive in February; S&P 500 rises as ‘majority’ of Fed sees no change in rates this year, European stocks close higher as ECB holds rates
Daily Report 10.04.2019
10.04.2019 | NBS: Key policy rate kept on hold; Serbia's defence industry exports hit $897 mln in 2018; Consortium for reconstruction of Hungarian section of Budapest-Belgrade railway to be selected by end-April?; Dow falls a second day, loses 190 points with investors nervous about earnings, European stocks fall amid US tariff threat
Daily Report 09.04.2019
09.04.2019 | Swiss francs debtors to get lex specialis; NGO against government financially assisting payment of mortgages in Swiss francs; Development fund approves loans worth over 1.2 bln dinars; Dow starts week with 80-point decline led by Boeing, European stocks close lower ahead of earnings season
Daily Report 08.04.2019
08.04.2019 | KMBN: Tender for Komercijalna banka due in late May or early June; Serbia will see solid growth rates in a mid-term horizon, WB says; Number of Serbian mobile banking users rises 20-fold; Stocks post 2nd straight weekly gain as strong jobs data, trade deal hopes boost sentiment, European markets close higher as US job market bounces back, Saipem shares rise 3%
Daily Report 05.04.2019
05.04.2019 | February public debt at 23.15 bln euros, 50.4 pct of GDP; Government in Belgrade considers launching arbitration procedure because of Pristina taxes; Budget surplus reached RSD 22.2bn in two months 2019; Dow climbs more than 150 points, S&P 500 posts first 6-day winning streak in over a year, European stocks close lower, FTSE MIB falls after reports Italy could cut 2019 GDP forecast