RZD International starts building railway bridge near Beska on Stara Pazova–Novi Sad section
RZD International has started building a double-track railway bridge near Beska on the Stara Pazova-Novi Sad section of the Belgrade-Budapest railway, it was announced yesterday. The announcement says that the bridge will be built not far from the Beska station and that the ground clearing and geodetic works are currently in progress. The construction of the viaduct will take about a year and a half, and after all the works on the project on that section are completed, passenger trains will run at up to 200 km/h, whereas freight trains will be able to run at up to 130 km/h.
Powerchina eyes transport infrastructure projects in Serbia
China's Power Construction Corporation (Powerchina) has expressed interest in participating in the construction of transport infrastructure in Serbia, the Serbian government said. Powerchina is interested in joining the project for the construction of a motorway linking the Serbian city of Nis with Pristina in Kosovo via Merdare and of expressways linking Belgrade to Zrenjanin and Iverak to Lajkovac, the government said in a statement on Thursday. The 77 km Nis-Merdare motorway is part of a road link extending to Albanian's capital Tirana and further on to the country's Adriatic port of Durres.
EUR/RSD rate remains stable at 118.3
EUR/RSD rate in Wednesday will remain stable vs. Tuesday at 118.3rate, NBS said. This year, Dinar was weakest on 5th January, since EUR was worth 119.0 RSD, while its 2018 high was at 118 rate seen on 2nd March. NBS has intervened this year, with EUR 225m for sell side and EUR 790m for buying activities, in order to prevent higher oscillations of EUR/RSD rate.
Source: Beta, Ilirika
Serbia and Turkey have never had better economic and political relations
Minister of Trade, Tourism and Telecommunications, Rasim Ljajic has said that “without any doubt, Serbia and Turkey have never had better economic and political relations than now,” which is the result of “intensive diplomatic and political activities, as well as the determination to preserve stability and increase all aspects of the economic cooperation between the two countries.” He also said that Serbia was determined to further improve the relations with Turkey, adding that, Turkish companies in Serbia employ about 10,000 people with the tendency of further increase.
Dow rallies more than 400 points in bounce as brutal October nears a close, European stocks close higher after choppy trade
U.S. stocks snapped higher Tuesday as markets eased some of the month's brutal losses before the end of October. The S&P 500 rallied more than 1.5 percent to close at 2,682.63. The Dow Jones Industrial Average surged by 431.72 points to finish at 24,874.64. Goldman Sachs, McDonald's and Boeing all outperformed the broader blue-chip index. The tech-heavy Nasdaq Composite rose more than 1.5 percent to close at 7,161.65.
Coca-Cola reported third-quarter earnings that topped Wall Street estimates, pushing shares up 1.6 percent. Sales of diet soda and higher prices helped the company top earnings and revenue projections for the quarter, boosting profit by 30 percent.
General Electric fell more than 10 percent at its lows, dipping below $10 per share for the first time since 2009. The plunge came after the company disclosed that the Securities and Exchange Commission is expanding its probe into the company's accounting practices.
Shares initially moved higher when GE said it would slashits quarterly dividend to just a penny a share, but fell later in the day. The dividend cut was seen as a bold by investors, who took the action to mean new CEO Larry Culp would take dramatic action to turn around the fallen blue chip. The stock finished the session down 8.7 percent at $10.18.
Apple unveiled a host of new iPad and Mac computer generations at its annual Brooklyn launch event on Tuesday. The iPhone maker, which will report earnings on Thursday, said the latest iPads will eliminate the home button and include Apple's facial recognition technology that was introduced last year.
European stocks swung wildly Tuesday afternoon, as investors monitored a flurry of earnings results amid heightened global trade tensions. By the provisional close the pan-European Stoxx 600 had ended higher on Tuesday by 0.13 percent, with sectors pointing in opposite directions.
Germany's biggest carrier Lufthansa led the losses in the Travel & leisure basket after the airline missed third-quarter profit estimates. Shares of the airline tumbled 7.88 percent on the news.
Having a better day was BP. The firm's stock rose towards the top of the European benchmark after the British oil giant reported profits more than doubled in the three months through to Sept 30. Shares of the London-listed stock ended higher by 2.02 percent.
Meanwhile, BNP Paribas was struggling after it announced third-quarter revenue came in below expectations. Shares of the French bank closed 2.8 percent lower on Tuesday.
The European statistics office, Eurostat, said Tuesday economic growth in the bloc slowed to 0.2 percent in the third quarter, after a 0.4 percent expansion in the second quarter.