Net inflow of foreign direct investments in first four months of 2018 amounts to EUR 871 million
The net inflow of foreign direct investments in Serbia in the first four months of 2018 amounted to EUR 871 million, according to the balance of payments. As the National Bank of Serbia (NBS) told Tanjug, this marks the continuation of the growth of the net inflow of FDI, which increased by 12.9% compared to the corresponding period in 2017.
AERO: Belgrade airport reports rise in number of passengers in June
The Belgrade airport “Nikola Tesla” (AERO) said t served 539,137 passengers more in June this year than in the same period in 2017, recording an increase of six percent. At the same time, there were 5,651 departures and arrivals, or two percent more. In comparison to the first half last year, records show that some 150,000 more travellers went through the Belgrade airport in the same period in 2018, while the transport of goods and mail increased by 19 percent, the Airport statement said.
Source: AERO, N1
Russian VTB Bank leaving Serbia
The Supervisory Board of VTB Bank has reached the decision to sell 7.3 million shares amounting to 100% of its capital in its Serbian branch VTB banka a.d. Beograd, the bank says in a press release. VTB sells 100% of the bank's ordinary shares (7,344,813 shares) with a par value of 500 Serbian dinars each. The transaction should be conducted at a price not lower than the market value determined by the appraiser – the press release says.
Creditors of Croatia's Agrokor uphold settlement
Creditors of Croatia's Agrokor holding 80.20% of the concern's total claims voted to uphold the settlement deal on Wednesday at a voting hearing held in Zagreb, Agrokor said. The settlement was backed by creditors holding a total of 27.08 billion kuna ($4.3 billion/3.7 billion euro) of the concern's claims of a total 33.76 billion kuna, Agrokor said in a statement.
European markets close marginally higher as trade war concerns hit tech stocks
European stocks closed marginally higher Wednesday afternoon, amid elevated tensions between the U.S. and China over looming trade tariffs and investment restrictions. The pan-European Stoxx 600 edged up 0.04 percent during the day's deal-making, with a slim majority of sectors in positive territory.
Europe's technology stocks led the losses, down more than 1 percent after a slide in U.S. chip makers overnight. U.S. peer Micron was banned from selling chips in China late Tuesday, as heightened fears over trade frictions prompted a slump in global tech shares. Europe's STMicroelectronics and Siltronic were the worst sectoral performers, down over 3 and 7 percent respectively.
Looking at individual stocks, French healthcare company Orpea rose towards the top of the European benchmark after HSBC raised its stock recommendation to "buy." Shares of the Paris-listed company ended up 2.06 percent on the news.
NYSE was closed due to Independence Day holiday.