ENHL: Energoprojekt Niskogradnja contracts job worth EUR 6.25 million in Peru
Energoprojekt Niskogradnja Belgrade, as part of a consortium with Peru-based CCEQO, has signed the contract on the realization of the Irrigation System San Antonio, Huarango, Jaen, Peru project with the country's Ministry of Economy. The agreement was signed on November 29, in Peru, the company says on its website. The agreement is worth EUR 8,913,473, and the value of the works to be executed by Energoprojekt Niskogradnja is EUR 6,250,031. The project is to be realized in 360 days.
Average salary EUR 445 in December, EUR 465 in March
Serbian President Aleksandar Vucic stated yesterday that the average salary was expected to be EUR 445 in December and EUR 460-465 in March. Vucic said on TV Pink that the average salary had been EUR 331 seven years before, whereas, in October 2018, it had been EUR 423.
Asian Infrastructure Investment Bank approves Serbia's membership application
The Asian Infrastructure Investment Bank’s (AIIB) Board of Governors has approved the membership application of Serbia, the AIIB announced on its website. The AIIB Board of Governors has approved membership applications of six more countries, bringing AIIB’s total approved membership to 93. The new group of approved members comprises Algeria, Ghana, Libya, Morocco, Serbia and Togo.
Serbian economy needs higher investment into infrastructure
Serbia’s economic growth can be encouraged by increasing public investments in infrastructure, rather than by increasing public spending, through wage and pension growth – according to the members of the Scientific Society of Economists of Serbia (NDES). At the conference “Economic Policy of Serbia in 2019” held at the Faculty of Economics in Belgrade, President of the Fiscal Council, Pavle Petrovic pointed out that close to 300 million euro of investment funds could be allocated from the state budget, without compromising the 0.5 percent deficit. He said that the government had missed out on the opportunity to invest 200 million euro of state budget surplus in roads and railways, instead in military equipment, and 100 million in communal infrastructure and environmental protection.
Dow rallies 1,000 points, logging its biggest single-day point gain ever
Stocks posted their best day in nearly a decade on Wednesday, with the Dow Jones Industrial Average notching its largest one-day point gain in history. Rallies in retail and energy shares led the gains, as Wall Street recovered the steep losses suffered in the previous session.
The 30-stock Dow closed 1,086.25 points higher, or 4.98 percent, at 22,878.45. Wednesday's gain also marked the biggest upside move on a percentage basis since March 23, 2009, when it rose 5.8 percentage points. The S&P 500 also catapulted 4.96 percent — its best day since March. The Nasdaq Composite also had its best day since March 23, 2009, surging 5.84 percent to 6,554.36.
Retailers were among the best performers on Wednesday. Shares of Wayfair, Kohl's and Dollar General all rose more than 7 percent. Data released by Mastercard SpendingPulse showed retailers were having their best holiday season in six years. Amazon's stock also jumped 9.45 percent, snapping a four-day losing streak, after the company said it sold a record number of items this holiday season.
Energy stocks also jumped as U.S. crude oil prices catapulted more than 8 percent. Shares of Marathon Oil and Hess were the best performers within the energy sector, jumping 11.9 percent and 11 percent, respectively.