Delta Agrar to list on Warsaw and Vienna stock exchanges in 2018
The current year, 2018, will be the year of listing on the stock exchange for Delta Agrar, the head of the company, Ivan Kostic, says for the Poljoprivrednik magazine. He adds that he believes that Delta Agrar will be “the first Serbian company to list on the Warsaw and Vienna stock exchanges”. Regarding other plans, Kostic says that, in the field of livestock breeding, they are planning to enhance sheep breeding so that they would have 6,000 sheep and 15,000 labs in the next two years, an increase in the number of fatlings to 170,000 by 2020 and the production of 20 million liters of milk in two years.
New agreement with Fiat more beneficial for Serbia
It is now almost certain that Fiat will remain in Kragujevac after the expiration of the ten-year agreement with the Serbian government, but will, according to the Serbian state officials, operate under different conditions. Both Kragujevac and the Serbian state budget could be better for billions of dinars, depending on the company’s operations. More details about the new cooperation agreement are yet to be announced while the Vecernje Novosti unofficially learns that the main change refers to Fiat Chrysler Automobili (FCA) no longer receiving state benefits and the subsidies from the city of Kragujevac.
France's Societe General reportedly leaving Serbia, region
The French banking group Societe Generale (SG) is pulling their business out of Central and Eastern Europe and selling their banks in six countries. This is according to EU Scoop, a small independent English language Bulgarian website, who citied anther Bulgarian website, capital.bg. According to the report, like Telenor, the bank will be "another big name that has pulled out of Bulgaria and the rest of Central and Eastern Europe."
SBITOP gains 0.21 percent
The SBITOP index of blue chips on the Ljubljana Stock Exchange closed 0.21% higher at 829.75 points on Tuesday. The busiest item was pharma company Krka (+0.69% to EUR 57.20), which accounted for EUR 696,000 of the EUR 1.19m in total turnover. Biggest winner of the day in terms of returns was SavaRe with 3,51 percent.
Slovenia most attractive for German investment in CEE Europe
Slovenia is the most attractive country for German investment in Central and Eastern Europe, indicates an annual survey conducted by the Slovenian-German Chamber of Commerce. While pleased with the situation in Slovenia, German companies have pointed to labour legislation and high taxes as hindering business.
Hourly labour costs in Slovenia much below EU, eurozone averages
Hourly labour costs in Slovenia, a eurozone member since 2007, stood at 17 euro in 2017, much below the EU and eurozone averages of 26.8 euro and 30.3 euro, respectively, Eurostat data show.
Dow surges more than 400 points as China's Xi alleviates trade war fears, European markets close higher due to same reason
Stocks rallied on Tuesday as Wall Street breathed a sigh of relief after China's president said he would work to "open" the country's economy, easing trade war fears. The Dow Jones industrial average closed 428.90 points higher at 24,408, with Boeing as the best-performing stock in the index. The S&P 500 gained 1.8 percent to close at 2,656.87, with energy leading nine of 11 sectors higher. The Nasdaq composite advanced 1.7 percent to 7,094.30.
Shares of Facebook rose more than 4 percent as CEO Mark Zuckerberg testified in front of Congress following news that Cambridge Analytica was able to access the private data of millions of users without their consent. Zuckerberg said the company did not notify the Federal Trade Commission about the leak, noting: "We considered it a closed case."
European markets closed higher Tuesday afternoon after Chinese President Xi Jinping sought to soothe investor concerns about the prospect a full-scale trade war between the world's two biggest economies. The pan-European Stoxx 600 closed up 0.8 percent, with all major bourses and sectors bar utilities in positive territory. With regards to indices, the German DAX led the gains, closing up 1.1. percent.
Basic resources stocks — with their heavy exposure to China — rallied in afternoon trade to close up nearly 2.7 percent following comments from Xi. BHP Billiton, Arcelormittal and Rio Tinto all finished Tuesday around 3 percent in the green.
Fragrance and flavor-maker Givaudan posted weaker-than-expected sales figures over the first quarter, despite a boost from new contract wins and acquisitions, Reuters reported. While its shares pared some losses in the last few hours of trading, it closed near the bottom of the European benchmark, down 2.4 percent.
Source: CNBC, Ilirika