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 04.04.2019
04.04.2019 | Supreme Court of Cassation rules contractual clause on indexing dinar debts in francs void; Estimated maximum value of Lasta EUR 23 million – Tendering for sale by June 2019; China’s Minth starts building its factory in Loznica; S&P 500 rises, posts 5-day winning streak on trade deal hopes, European markets close higher amid optimism over US-China trade talks
Daily Report 03.04.2019
03.04.2019 | KMBN: Komercijalna Banka awaits tender with strong balance sheet; Serbian economy faces slowdown in 1Q19 due to slight decline of industrial output; Western Balkans' economy to grow 3.7% in 2019-20, outlook vulnerable – World Bank; Dow snaps 3-day winning streak as Walgreens falls on earnings, European markets close higher amid upbeat data, Brexit chaos rumbles on
Daily Report 02.04.2019
02.04.2019 | Serbian exports 7.1 pct up in first two months of 2019; Shandong Linglong investment can affect Volkswagen too – 13 million tires to be produced in Zrenjanin by 2025; Average monthly household budget at RSD 63,734; Dow rallies more than 300 points to start off new quarter on strong US and China data, European markets close higher on strong China, US data
Daily Report 01.04.2019
01.04.2019 | Serbian IT exports to reach 2 bln euros in 3 years; TGAS: Tehnogas reported drop in non-consolidated FY 2018 net profit and higher sales; February retail trade turnover up 13.4%; Dow rises more than 200 points on trade optimism, EU indices ended in green
Daily Report 29.03.2019
29.03.2019 | Share of NPLs declining in some CEE states; Removal of foreign exchange clause as solution to credits in Swiss francs?; Eurodiesel, petrol prices in Serbia up, LPG price down; Stocks rise as US-China trade talks restart, Europe stocks close slightly lower despite report of US-China trade breakthrough
Daily Report 28.03.2019
28.03.2019 | KMBN: Komercijalna banka profit hits historic high of 69 mln euros; 5.5 bln euro investment cycle to begin, PM and Minister of Construction says; BELEX introduces continuous trading method for its MTP platform, starting from 5th April; Stocks slip as 10-year Treasury yield hits lowest level since 2017, European stocks close unchanged amid growth fears, Commerzbank shares rise 5%
Daily Report 27.03.2019
27.03.2019 | Serbia can expect new investment wave from UAE; Cargo reloading at Serbian ports increases by 11.5% in 2018 – New international passenger terminals in Zemun and Ram planned for 2019; Towns and municipalities process 100,000 building requests last year; S&P 500 rises for first time in 3 sessions, but worries over economy dampen Street sentiment, Europe stocks close higher as US recession fears fade, Wirecard shares jump 26%
Daily Report 26.03.2019
26.03.2019 | Bimal Brcko buys cooking oil producer Sunce Sombor; China has major investment projects ready for Serbia; Average January net salary up 3.7 pct in real terms to RSD 54,521; Dow rises after Trump’s Mueller win, but gain capped as economic fears persist, European stocks close lower amid growing recession worries
Daily Report 25.03.2019
25.03.2019 | AIK Banka makes bid for privatization of Slovenia’s Abanka?; NBS: Inflation expected at 2.1-2.7% in one year ahead; MTLC: Metalac scheduled GA for 24th April; Dow drops more than 450 points, S&P 500 posts worst day since January amid global growth worries, European stocks close sharply lower as weak data fuels slowdown worries
Daily Report 22.03.2019
22.03.2019 | Chinese company Jinlong soon to become majority owner of Ikarbus; Luka Koper top port for Austrian businesses; Serbia's NIS, Swiss-based MET join forces in wind farm project; Dow rallies more than 200 points, biggest gain in a month as Apple surges, European stocks close mixed as the Fed pauses and BOE holds rates steady