AERO: Air France to relaunch air service to Belgrade on March 31, 2019
After six years, Air France is returning to the Belgrade Airport. Beginning with the 2019 summer schedule, the airliner will offer daily flights to the capital of Serbia. From March 31, 2019, Air France will offer a daily Paris-Belgrade-Paris air service with Airbus A319 and A320.
Pizzarotti main contractor for Belgrade Tower
Representatives of companies Belgrade Waterfront and Pizzarotti have signed an agreement on the execution of main works on the Belgrade Tower, the tallest building in Serbia. The 40-story building will be the central part of Belgrade Waterfront, and the topmost floor will feature the tallest lookout in Belgrade. The main works are to start in December.
Serbia's govt plans 0.5%/GDP deficit in 2019 draft budget
Serbian government plans a fiscal deficit equivalent to 0.5% of the estimated gross domestic product (GDP) in 2019, the draft budget for next year shows. The fiscal deficit is planned at 22.9 billion dinars ($219.9 million/193.5 million euro), according to the government's 2019 budget draft posted on the website of Serbia's parliament. The budget is built on projections for economic growth of 3.5% in 2019. Budget revenues are expected to come in at 1.247 trillion dinars, while expenses are forecast at 1.269 trillion dinars.
Telekom Srbija to acquire more cable operators
Serbia's state-owned Telekom Srbija plans to acquire more cable operators in the country after the purchase of Kopernikus Technology, and is still in the race for Telekom Albania, local media reported. The acquisition strengthens the competitiveness of the company and the access to new technologies, the value of the company increases, the number of users rises, and all this speaks about the importance of the acquisition of Kopernikus. That is why we will also buy a few more cable providers, daily Politika quoted on Sunday the Chief Marketing Manager (CMO) of Telekom Srbija, Vladimir Lalic, as saying.
Dow jumps more than 300 points, posts best day in over two weeks as Amazon and GM rise, European markets rally after EU backs PM May's Brexit deal
U.S. stocks jumped on Monday as shares of some beaten-down tech companies rebounded after posting steep losses last week while General Motors shares climbed. The Dow Jones Industrial Average rose 354 points, while the S&P 500 gained 1.55 percent. The Nasdaq Composite outperformed, rising more than 2 percent.
Shares of Facebook, Amazon, Apple, Netflix and Google-parent Alphabet all rose at least 1 percent. These stocks dropped more than 3.6 percent last week, falling further into bear-market territory.
General Motors rose 4 percent after it revealed plans to cut production at several plants and reduce its salaried workforce by 15 percent, a more drastic cost-cutting plan than investors had expected.
European stocks rallied Monday afternoon, as investors digested fresh developments surrounding the U.K.'s withdrawal process from the EU. The pan-European STOXX 600 was up around 1.2 percent during lunchtime deals, with major bourses trading sharply higher. Across the board, sectors showed a positive picture with banks, autos, and insurance leading the way.
Looking to the corporate space, European lenders surged more than 2.5 percent Monday afternoon, with a number of Italian banks — including Unicredit, Banco BPM and Intesa Sanpaolo — hitting the top of the benchmark. Italy continues to be closely watched, as investors monitor an ongoing budget row.
In the tech space, Logitech announced Sunday that it had ceased talks to acquire Plantronics, a U.S. electronics group. Shares of the Swiss manufacturer rose over 4 percent Monday.