European Investment Bank invests more than EUR 5.5 billion in Serbia – Realization of 16 big projects in progress
The European Investment Bank (EIB) has invested more than EUR 5.5 billion in the public and private sectors of Serbia since 2001. As Dubravka Negre, Head of EIB Regional Representation for the Western Balkans, told Novosti, this entails more than 70 capital projects and 300 smaller local ones. The realization of 16 big projects, worth over a billion euros, is currently in progress. The EIB invests in road and rail infrastructure, energy, healthcare, education, research and development.
Powerchina eyes Serbia's Belgrade metro construction project
China's Power Construction Corporation (Powerchina) is interested in the project for construction of a metro network in Serbia's capital Belgrade, the deputy director general of the company's railway unit, Ren Lizhi, said. Powerchina is interested in both the metro construction and the construction of a bypass railroad in Belgrade, Lizhi said on Friday, according to a press release issued by the Serbian infrastructure ministry. In February, Andreja Mladenovic, an assistant to the Belgrade mayor, said the city government plans to select a company that will build a metro network by the end of 2019. The construction works are expected to start in 2020, Mladenovic said back then.
MK Group regains top rank in Serbian agribusiness
Serbia's grain and oilseed exports totalled 2.9 mln t in 2018 and MK Group members, headed by Agroglobe, together exported over 500,000 t, making the group the largest exporter of those commodities. Maize, the dominant grain culture, was exported by 195 Serbian companies, with Agroglobe and other MK Group members accounting for one fifth of the total exports with 239,138 t, the MK Group said in a statement. Romania was the top export destination for Serbian maize, followed by Bosnia and Herzegovina and Italy. The largest importers of Serbian soy last year were Russia, Germany and Romania, with MK Group companies generating almost a third of the total exports of the commodity - 70,078 t.
Stocks end the day little changed as Wall Street braces for a corporate earnings deluge, EU markets were closed
Stocks were little changed on Monday as Wall Street braced for the busiest week of the earnings season. The Dow Jones Industrial Average fell 44 points, while declines in the materials and real estate sectors kept the S&P 500 trading flat. The Nasdaq Composite was also trading around breakeven.
Boeing contributed the most to the Dow’s losses, falling 0.9% after The New York Times reported that workers at the company’s 787 jet plant have complained about shoddy production and bad safety practices.
More than 140 S&P 500 companies are scheduled to release their quarterly results this week, including Coca Cola, Procter & Gamble, United Technologies, Verizon, Twitter, Lockheed Martin and eBay. Facebook, Microsoft and Tesla Motors are also set to report later this week.
Halliburton and Kimberly-Clark are among the companies that reported better-than-expected quarterly results on Monday morning. Their shares rose 0.3% and 6.1%, respectively.