Daily Report 27.02.2018
Објавено: 27. 02. 2018

SERBIA:

Share of grey economy in Serbia lowered to 15.4% of GDP – Cashless payments reducing room for non-transparent transactions
The fight against the grey economy is one of the priorities of the Government of Serbia this and next year, it was said recently at the third national conference “Way out of the Grey Economy”. The results of the survey showing that the share of the grey economy has dropped from 21.2% to 15.4% of the GDP in the past five years were also presented at the conference.
Source: Ekapija

First public call for Nis-Pristina highway possibly to open by the end of 2018
Minister of Construction, Transport and Infrastructure Zorana Mihajlovic stated today that the Government of Serbia might consider opening a public call for the construction of the Nis-Merdare-Pristina highway. The head of the European Investment Bank (EIB) regional representation for the Western Balkans, Dubravka Negre, stated recently that she expected the financing for the first section, from Nis to Plocnik, to be approved in the second half of the year.
Source: Ekapija

Serbia and Bulgaria sign memorandums on cooperation in rail and water transport – Joint application for EU funds enabled
Memorandums on cooperation in rail and water transport between Serbia and Bulgaria, entailing the possibility of joint application for EU funds, were signed in Sofia on Friday, February 23, 2018. During the official visit of Serbian President Aleksandar Vucic to Bulgaria, the memorandums were signed by the ministers of transport, Zorana Mihajlovic and Ivaylo Moskovski, the Ministry of Construction, Transport and Infrastructure of Serbia announced.
Source: Ekapija

REGION:

SBITOP closed 809.46 points
SBITOP lost 0.04 percent yesterday. Gorenje (-2.18%), Telekom Slovenije (-1.64%) and Intereuropa (-0.99%) lost the most, while stocks of Krka went up by 1.07 percent.
Source: Ilirika

Mlinotest with 1.7 million of net profit
Last year, Mlinotest generated revenues of 51.3 million euros and a little less than 1.7 million euros of net profits, according to yesterday’s unaudited results. Both revenues and profits rose slightly in relation to 2016, the company announced through the website of the Ljubljana Stock Exchange.
Source: Ilirika

SURS: In 2017 tourists generated almost 12 million overnight stays
In December 2017, 11 percent more tourist arrivals and 10 percent more overnight stays were recorded in tourist accommodations than in December 2016. The same was true for foreign and domestic tourists. In 2017 almost 12 million tourist overnight stays were generated.
Source: SURS

INO:

Dow rallies nearly 400 points, European markets close higher as focus shifts to data, politics,
U.S. stocks closed sharply higher Monday, regaining more than half of their correction-level losses amid a stabilization in interest rates. The Dow Jones industrial average added 399.28 points to close at 25,709.27 on the week's first day of trading with industrial titans Boeing and 3M contributing the most to the blue-chip index. The S&P 500 gained 1.18 percent to close at 2,779.60 after strong performance in telecommunications, technology and financial stocks.
Berkshire Hathaway Class B stock led financial stocks higher with a 3.88 percent gain after CEO Warren Buffett told investors that, should the company fail to find any market bargains, it will likely return cash to shareholders.
European shares closed higher Monday afternoon. The pan-European Stoxx 600 closed 0.57 percent to the upside, with all sectors and major bourses in positive territory.
Looking at individual stocks, Porsche shares performed well after a rating upgrade. Deutsche Bank upwardly revised its stock recommendation to "buy" from "hold" Monday morning, initially sending shares of the Germany automaker up over 3 percent, although it later pared back these gains to close 2.2 percent higher.
French car maker PSA and Malaysian conglomerate Naza will form a joint venture that will manufacture Peugeot and Citroen models for the South East Asian market in Malaysia. According to the German press agency dpa, companies are aiming for more sales in Asia.
In European politics, Germany's Christian Democrats approved a coalition agreement with the center-left Social Democrats. This brings incumbent Chancellor Angela Merkel closer to her fourth term leading Europe's largest economy.
Source: CNBC, Ilirika