AERO: Concession agreement will be published after completing the transaction
Concession agreemnet on Belgared Airport (AERO) will be published after the completeion of all transaction jobs with French company Vinci, Minister for construction, traffic and infrastructure, Zorana Mihajlovic said. He adressed the recent call of „Free citizens movement“, which required the contract to be published now.
Source: Beta, Ilirika
Serbia among biggest exporters to Bulgaria
The total merchandise export of Bulgaria increased by 2.9% to BGN 8.02 billion (EUR 4.1 billion) in January and February of 2018, compared to the corresponding period of 2017, as shown by the preliminary data of the National Statistical Institute (NSI) of Bulgaria. In value, products imported from the Russian Federation, Turkey, China and Serbia dominated this segment, BTA says, without specifying the amounts.
Serbia invites Chinese investments in infrastructure, energy
Serbia's finance minister Dusan Vujovic has invited Chinese companies to participate in infrastructure projects in the country, as Belgrade remains committed to the One Belt - One Road initiative. Serbia wishes to complete the infrastructure projects started under the initiative, in order to make its economy more competitive and increase exports to Western Europe, Vujovic said in a statement on Thursday. In addition to projects for the development of road and railway infrastructure, Serbia also offers business opportunities in the field of environment protection and energy, Vujovic said during the "Macroeconomic and fiscal framework for successful implementation of the initiative One Belt – One Road" conference in Beijing, China, according to the statement.
Slovenian SBITOP up 0.61% on Friday
SBITOP index was up 0.61% on Friday, with Petrol company as the most traded name. Petrol delivered EUR 145ths in turnover. SavaRe and Triglav were top gainers, since they jumped 2.29% and 1.51%, respectively. Major losers were Gorenje and Telekom Slovenije. They declined 1.61% and 0.24%, respectively.
Dow closes more than 100 points lower as bank shares drop, European markets close slightly higher
U.S. stocks fell on Friday as several banking companies weighed down the major indexes on the final day of an otherwise strong week for equities. The Dow Jones industrial average fell 122.91 points to close at 24,360.14, with J.P. Morgan Chase as the worst-performing stock in the index. The S&P 500 closed 0.3 percent, while Nasdaq composite declined 0.5 percent to 7,106.65. The indexes opened sharply higher on the back of strong earnings from some of the big banks.
Citigroup, Wells Fargo and J.P. Morgan Chase all reported quarterly earnings and revenue that surpassed analyst expectations. Bank shares initially traded higher before falling, as the strong results were already priced in.
European equities closed marginally higher Friday afternoon. The pan-European Stoxx 600 closed 0.12 percent up with all major bourses above the flat line, although business sectors revealed a mixed bag.
Basic resources was easily the top gainer mid-afternoon, closing around 1.4 percent higher. Stora Enso rose during the final hours of trading to finish 3.6 percent in the green after reporting higher-than-expected first-quarter profits.
Retail was the worst performing sector, dropping during late deals to close 0.8 percent to the downside. British stationer WHSmith dragged the sector lower and closed 6.5 percent down. The firm reported a 1 percent drop in interim pre-tax profit for the six months to February 28 earlier this week as the U.K. retail space remains under pressure.
Meanwhile, a joint venture between Thyssenkrupp and Tata Steel will be delayed, Reuters reported, so labor agreements can be concluded.
Source: CNBC, Ilirika