Law on employment of seasonal workers adopted
The National Assembly of Serbia today adopted the Law on Employment of Seasonal Workers, which should improve the position of seasonal workers and simplify their registration through an electronic platform. The law defines the jobs on which seasonal workers can be employed in the sectors of agriculture, forestry and fisheries.
Public sector to see higher salaries in November
Public sector will see higher salaries since November this year, Nebojsa Stefanovic, minister of police stated. Pensions are also to be increased in November. He has not specified the percentage of increase.
Record wheat yield this year in Serbia
This year, Serbia will reap about 3.3 million tons of wheat, and this season could be a record one, says the president of the Association Zito, Vukosav Sakovic. Sakovic adds that with the reserves from last year, Serbia will have over 3.5 million tons of wheat, at its disposal, with the Serbian market’s needs for wheat amounting to roughly 1.5 million tons. The country could export the rest of the wheat, about 1.7 million tons.
Lex Agrokor to become part of EU acquis
Darko Horvat, Croatian Minister of Economy, Entrepreneurship and Crafts, announced on Tuesday, June 26, 2018, that the European Council had included the Law on Emergency Administration in Companies of Systemic Importance for the Republic of Croatia, the so-called Lex Agrokor, in the EU acquis. According to unofficial information, 27 of the 28 EU state representatives voted in favor of making Lex Agrokor a part of EU acquis, with Slovenia casting the only vote against.
Dow gains nearly 100 points after bank and tech stocks rally, European markets close lower amid ongoing trade fears
Equities rebounded from earlier losses Thursday afternoon as both bank and technology stocks led the three major indexes higher. The Dow Jones Industrial Average rebounded 98.46 points to finish at 24,216.05 after briefly falling 100 points earlier in the session, with Boeing as the best-performing stock in the index. The S&P 500 closed 0.62 percent higher at 2,716.31 as financials, technology and telecoms outperformed. The Nasdaq composite finished up 0.79 percent at 7,503.68 as Amazon rose 2.4.
Walgreens Boots Alliance and CVS Health dropped 9.9 percent and 6.1 percent, respectively, after Amazon announced it had bought PillPack, an online pharmacy. The move likely hints at Amazon's goal venture into the health-care industry, where it could threaten to remove one of the few distinguishing factors pharmacy chains have relied on to fend off the e-commerce giant, the sale of prescription drugs.
Shares in Europe closed lower Thursday as concerns over global trade returned. The pan-European Stoxx 600 closed provisionally down around 0.9 percent with almost every sector and major bourse in the red. Technology stocks were the worst-performers closing down 2.64 percent.
H&M rose 1.9 percent on Thursday after announcing it would cut prices to help with unsold items. The Swedish retailer has struggled over the last two years.
Thyssenkrupp and Tata Steel are close to concluding a $17.4 billion deal this week to merge their European assets, Reuters reported.
In terms of data, consumer confidence numbers in the euro zone showed a slight drop in June from the previous month. In the meantime, German figures showed that consumer sentiment in the largest euro economy remained unchanged going into July.