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 21.03.2019
21.03.2019 | W. Balkans labour market improvements decelerate; Agrana to consider coming to Serbia only after sugar prices stabilize; CEFTA "needs recovery to stay alive"; Dow drops more than 100 points, led by banks, after the Fed signals no rate hikes this year, Brexit drags European markets lower, Bayer shares tumble, Sterling slips
Daily Report 20.03.2019
20.03.2019 | EIB: Political stability a must for all investors; Country’s budget saw 22.2 bln dinar surplus instead of deficit in two months 2019; VW mulls moving Ukrainian factory to Serbia; Dow snaps 4-day winning streak as Apple falls and trade worries flare up again, Autos stocks lead gains as European markets move higher, Danske Bank shares dive
Daily Report 19.03.2019
19.03.2019 | Gazpromneft interested in purchasing Petrohemija; Serbian president announces possibility of talks with Volkswagen for this week; Construction of highway to Pozega to begin in late March; Dow posts 4-day winning streak, but gains capped as Boeing slides, European markets close higher, Deutsche Bank and Commerzbank shares jump amid merger talks
Daily Report 15.03.2019
15.03.2019 | NBS records 30.66 bln dinar after-tax profit in 2018; Vucic discusses projects wtih Bechtel-Enka reps; EIB: Serbia better for investments, reforms must be finished; S&P 500 and Nasdaq snap 3-day winning streak, Facebook shares slide, Europe markets close higher amid Brexit confusion, Lufthansa shares fall 6%
Daily Report 14.03.2019
14.03.2019 | KMBN: RBI eyes Serbia's Komercijalna banka; Agreement with Eurasian Economic Commission defined; Construction of Preljina-Pozega highway section to begin in spring; S&P 500 rises for a third day in a row, hits new high for 2019, Europe stocks close higher ahead of Brexit no-deal vote, Adidas shares sink 3%
Daily Report 13.03.2019
13.03.2019 | NBS: Annual inflation in February at 2.4%; Serbia's January exports up 3%, imports up 11.5%; FITO: Fitofarmacija reported flat FY 2018 net profit; Europe stocks close mixed ahead of crucial Brexit vote, sterling slips against the dollar
Daily Report 12.03.2019
12.03.2019 | Jagodinska Pivara sold for RSD 50 million; Foreign exchange reserves of National Bank of Serbia at end-February amount to EUR 11.398 billion; Srbijagas becomes majority owner of Gas Promet Istocno Sarajevo shares – Gas pipeline branch from Belgrade to Republika Srpska planned; Dow rallies 200 points as Apple gain offsets big Boeing decline, Europe rallies ahead of crucial Brexit vote, Deutsche Bank, Commerzbank rise on merger reports
Daily Report 08.03.2019
08.03.2019 | KMBN: Tender for Komercijalna Banka in May, at least two good offers expected; NBS: Key policy rate in Serbia kept at 3%; TurkStream crucial for Serbia, does not only depend on Russia; Dow slides 200 points, posts 4-day drop as Wall Street fears world economy may be slowing, European stocks close lower after ECB trims growth forecast
Daily Report 07.03.2019
07.03.2019 | EC representative impressed with fiscal consolidation in Serbia, believes rule of law should be worked on; Al Dahra to invest EUR 15 million in PKB by end-April; ENHL: Energoprojket contracted EUR 10.2m job in Russia; Serbia wants stake in the future Belene Nuclear Power Plant; Stocks post 3-day losing streak as Wall Street looks for more clues on US-China trade, Europe markets lower as US trade deficit jumps to decade high
Daily Report 06.03.2019
06.03.2019 | NIIS: NIS announces investments of EUR 1.5 billion by 2025 – Production of oil and gas in B&H considered as well; EU secures EUR 10 million in guarantees for favorable credits for Serbian economy; Serbia attractive for investments in mining sector; EBRD to provide EUR 500m for different projects in Serbia; Stocks dip as investors monitor US-China trade talks, Target rises on earnings, Europe markets close lower as politics take center stage