First phase of Chinese-Serbian industrial park in Smederevo to be completed in 2020 – Jobs for 20,000 people on 400 hectares?
The State Secretary of the Ministry of Economy, Dragan Stevanovic, signed two documents with Chinese partners pertaining to Zelezara Smederevo and the construction of a Chinese-Serbian industrial park in Smederevo today in Tianjin. The first phase, as he said, will be completed in the next two years, and the second one in 2021 and 2022.
New EUR 20 million for SMEs in Serbia through agreement between EBRD and Addiko Bank
The European Bank for Reconstruction and Development (EBRD) and Addiko Bank continue to cooperate in providing support to the development of small and medium companies through a new long-term loan agreement worth EUR 20 million. The new loan is the third project between the EBRD and Addiko Bank Serbia, the bank announced.
Russian retail chains contract import of food from Serbia
The leading Russian retail chains, Magnit, Dixy and Lenta, contracted the import of food from Serbia and WorldFood Moscow, and they are the most interested in fresh and frozen fruit and vegetables and meat products, the Chamber of Commerce of Serbia announced today. Thirteen Serbian companies are presenting their products at this fair, which is held from September 17 through 20, namely JUGPROM Leskovac, Agroprom Gornji Tavankut, Mirax agrar Belgrade, Ciric AGRO Titel, PIK Juzni Banat Bela Crkva, Flora international Becej, Geneza Kanjiza, Fidelinka Skrob Subotica, EuroFrigo Pozega, ITN grupa Beograd, Zlatiborac Mackat, Stojanovic Pharm Novi Sad and PDM Agro fruit Pudarci.
Slovenia's competition agency orders United Group to dispose of Sport Klub channels
Slovenia's competitions agency (AVK) said that the acquisition of 13 Sport Klub channels by private multi-play telecoms and media provider United Group from S. C. IKO Poljska is incompatible with competition rules. AVK ruled that United Group must sell the programmes within six months and that it may not launch sports TV programs for the next three years, it said in a statement on Tuesday.
Dow jumps more than 150 points as Goldman and JP Morgan lead bank shares higher, Europe ends on a high note as investors brush off trade dispute
Stocks rose on Wednesday bank shares got a lift from higher interest rates. Sentiment on Wall Street was also boosted as investors bet that a trade war between the U.S. and China will not be as bad as previously feared. The Dow Jones Industrial Average closed up 159 points with Goldman Sachs as the best-performing stock in the index. The S&P 500 advanced 0.13 percent as financials jumped nearly 2 percent. The Nasdaq Composite slipped 0.08 percent, however, as Amazon, Netflix and Apple all fell.
Bank shares rose as the 10-year Treasury note yield rose to 3.09 percent, its highest level since May. Goldman Sachs, Morgan Stanley and Bank of America all rose nearly 3 percent. Shares of J.P. Morgan Chase and Citigroup, meanwhile, advanced 3.3 percent each.
European stocks ended Wednesday's session relatively upbeat, as investors shook off concerns surrounding escalating trade tensions between the U.S. and China.
The STOXX 600 index closed up 0.33 percent, with major sectors pointing in different directions by the end of trade. Basic resources surpassed fellow sectors, while utilities dropped over 1 percent.
In individual stock news, Linde shares surged 7.8 percent, after Reuters reported, citing a source, that the industrial gases firm was getting ready to sell extra assets to a consortium of Messer Group GmbH and CVC Capital Partners for around $200 million, moving it closer to U.S. antitrust approval for a planned merger with Praxair.
Kingfisher sank 6.3 percent, after the home improvement firm reported a 15 percent fall in half year profits. Adecco dropped 6.2 percent after the staffing group indicated a slowdown in European hiring growth, in its latest strategic update.