AERO: Three companies postpone new air service to Belgrade – Qatar Airways gives up on additional flight
The Russian airline Red Wings have postponed the launch of a regular air service between Moscow (Domodedovo Airport) and Belgrade. The first flight, which should have taken place on June 12, was moved to June 26 in the company's new flight schedule. The Iranian airline Mahan Air is also postponing flights from Tehran to Belgrade. Instead of early June, as initially planned, this airline will carry out its first flight to Belgrade on June 28. Mahan Air first announced this regular service in February, but it only had four flights in March and two in April. In the meantime, the company obtained a new permit by the Serbian aviation authorities, but has postponed the launch of the new service several times. Iran Air, the country's national airline, is currently operating the Tehran – Belgrade route with two flights a week.
NBS to list all services offered by banks in Serbia
The National Bank of Serbia (NBS) will list all the services banks offer to clients in order to avoid hidden costs of banks, said NBS Governor Jorgovanka Tabakovic. Tabakovic said that banks are required by law to specify their costs and present them to clients, whereas failure to do so results in being fined by the NBS and having the non-conscientious bank's name published.
ENHL: Energoprojekt and Strabag will compete for Republic square reconstruction
Tender for reconstruction of Republic square in Belgrade was ended with two received bids. One arrived from Strabag led consortium, while the second one is from Energoprojekt’s consortium. The value of this job is estimated at EUR 7.5m, with 420 days of completion deadline.
Source: Ekapija, Ilirika
Porsche takes 10% stake in Croatian company Rimac Automobili
Porsche has taken a 10% stake in Rimac Automobili, a Croatian manufacturer of electric cars. By developing the purely electric two-seaters super sports cars, like the ‘Concept One’ or ‘C Two’, as well as core vehicle systems, Rimac has impressively demonstrated its credentials in the field of electromobility – says Lutz Meschke, Deputy Chairman of the Executive Board at Porsche.
Dow drops about 200 points on trade worries, extends losing streak to 8 days, European stocks close lower as OPEC meets, BOE holds rates steady
Stocks fell on Thursday as fears of an impending trade war between the U.S. and China dragged investor sentiment lower. The Dow Jones industrial average dropped 196.1 points to 24,461.70, with Intel and Caterpillar as the worst-performing stock in the index. The S&P 500 declined 0.6%, while Nasdaq composite pulled back 0.9%
Auto makers fell on Thursday, with General Motors, Ford Motor and Fiat Chrysler all sliding at least 1.5 percent. The move lower followed a profit warning from German car manufacturer Daimler, which said its bottom line could be affected by the U.S.-China trade tensions.
Intel shares fell 2.4 percent after CEO Brian Krzanich left the company following an internal investigation into a "consensual relationship with an Intel employee“.
European markets closed lower Thursday against a backdrop of tension in the oil market ahead of an OPEC meeting outcome that could expand crude production. The pan-European Stoxx 600 closed provisionally down 0.86 percent, with most sectors and major bourses in negative territory.
Novo Nordisk impressed investors, trading higher by 3.69 percent, after the firm announced it had successfully completed new trials of an oral diabetes drug.
Meanwhile, Europe's autos stocks were the worst performing sector, down 3.29 percent for the day on news that Daimler had cut its 2018 earnings forecast, blaming global trade tensions.
The Bank of England (BOE) held interest rates steady Thursday amid uncertainty over the U.K. economy's wider direction.