AERO: Number of passengers at Nikola Tesla Airport increases – Net profit in first 11 months grows by 2%
The number of passengers at the Belgrade Nikola Tesla Airport in November was higher by 6%, and the number of departures and arrivals grew by 5% compared to November 2017, the company announced. The revenues realized in the January-November period amounted to RSD 9,064,628,327 and were 12% higher than in the same period last year. The net profit amounted to RSD 3,076,208,777, an increase by 2% compared to the same period last year.
EPS to start charging companies 20% more for electricity
The companies in Serbia which buy electricity from Elektroprivreda Srbija (EPS) were sent new commercial contracts on power delivery in 2019, with the price higher by 20.2%. When asked why the increase needs to be that high, EPS says that their prices are harmonized with European markets that the public enterprise has no influence on. The prices are not fixed and are subject to change in accordance with the state of the energy sector in Europe. At this moment, the prices are at the level they were in 2013.
Serbia submits documents for TurkStream – Gas pipeline to be built by December 2019?
The Secretariat of the Energy Community in Vienna has confirmed for Radio Slobodna Evropa that the Energy Agency of Serbia has submitted the documentation related to the project of the construction of the Serbian section of the TurkStream gas pipeline and that the documentation is currently being evaluated. According to our plans, the 403-km Serbian section should be completed by December 15, 2019.
World Bank preparing to invest up to 300 mln euro in 4 projects in Serbia in 2019
The World Bank plans to invest up to 300 million euro ($340.5 million) in four projects in Serbia next year - in agriculture, trade, tax administration and digitalisation, the lender's , Stephen Ndegwa, has said. The bank has additional projects with a combined value of 300 million euro in the pipeline and has so far spent 800 million euro out of the 1.8 billion euro envisaged in the five-year investment plan for Serbia, Ndegwa said in a video file posted on the YouTube channel of public broadcaster RTS on Sunday.
Dow jumps more than 250 points on US-China trade truce, Miners and autos surge 4% as European stocks rally
U.S. stocks rose on Monday after U.S. President Donald Trump and Chinese President Xi Jinping agreed to a 90-day cease-fire in the trade war that has weighed heavily on global stock markets for most of 2018. The Dow Jones Industrial Average rose 287 points while the S&P 500 gained 1.1 percent. The Nasdaq Composite rose 1.5 percent. The consumer discretionary sector in the S&P 500 was the best performer, rising 2.5 percent. Amazon and Apple rose 4.9 percent and 3.5 percent, respectively.
European stocks rallied Monday morning, after President Donald Trump and President Xi Jinping negotiated a temporary truce to their trade conflict over the weekend. The pan-European Stoxx 600 was up more than 1.6 percent during mid-morning deals, with almost all sectors in positive territory. Germany's DAX index led the gains among the major bourses, surging around 2.5 percent Monday morning.
Europe's basic resources stocks — with their heavy exposure to China — jumped almost 5 percent as investors reacted to a cease-fire on tariffs between Washington and Beijing. Antofagsta, Glencore and Anglo American were all trading more than 6 percent higher on the news.
Meanwhile, autos stocks rose over 4 percent higher Monday morning. The sector has suffered significant losses year-to-date amid heightened fears of tariffs and slowing growth in car sales. But, a deal preventing an escalation in the global trade war pushed every European carmaker into positive territory. Faurecia, Valeo and Daimler were the top performers, all trading more than 7 percent higher.