Daily Report 06.07.2018
Datum objave: 06.07.2018
Serbia to sign agreement on final section of Belgrade-Budapest railway at Sofia Summit – Works worth around EUR 1 billion to start in 2019
At the upcoming summit of the prime ministers of China and 16 CEE countries in Bulgaria, a commercial contract on the final section of the high-speed railway Belgrade-Budapest, from Novi Sad to Subotica, worth around a billion euros, will be signed. The works on this section should start next year – Serbian Minister of Construction, Transport and Infrastructure Zorana Mihajlovic told Tanjug.
KMBN: Russian bank VTB to sell Serbian unit for 10 mln euro
Russian bank VTB plans to sell its Serbian subsidiary VTB Banka a.d. Beograd to an investor from Central Europe for 10 million euro ($11.7 million), Russian media reported. VTB has found a buyer for VTB Banka and the buyer is from Central Europe, as the amount of the deal is 10 million euro, Russian news agency TASS quoted on Wednesday the president of the lender, Andrey Kostin, as saying. The price represents PB of 0.72x and this can be an example for what investors can expect in case of privatization of Komercijalna Banka (KMBN), which is no traded at PB of 0.53x, even though being much bigger and better positioned bank vs. Serbian VTB.
AERO: Direct Belgrade-Riyadh air service to be launched – First flights in August
Flights between the capital of Saudi Arabia and Belgrade will be introduced in the coming period, marking the first time the two countries have been linked with a nonstop air service, EX-YU Aviation News reports. Talks between a Saudi Arabian tour operator, which will have exclusive rights to sell tickets on the route, and airline operators are currently under way with a decision to be made in mid-July.
Unemployment in Slovenia keeps declining
Total number of unemployed people in Slovenia amounted to 75ths, state statistical office reported. The first half of 2018 saw 14% lower amount of officially rated as unemployed. This is all seen as a consequence of high GDP growth rates over the last several years and improved conditions at labor market.
Source: Seebiz, Ilirika
Dow jumps 200 points ahead of US tariffs on China, tech rises, European markets close higher as auto stocks jump 3.4%, investors monitor U.S.-China tariff deadline
Stocks closed higher on Thursday as technology shares rose, but investors remained on edge as the U.S. prepared to slap tariffs on goods imported from China. The Dow Jones Industrial Average rose 181.92 points to 24,356.74, with Intel and Walgreens Boots Alliance outperforming. The S&P 500 gained 0.9 percent to close at 2,736.61 as tech climbed 1.5 percent. The Nasdaq composite advanced 1.1 percent to 7,586.43 as Facebook, Amazon, Netflix and Google-parent Alphabet all rose.
Tech shares jumped on Thursday, as Micron climbed 2.6 percent. The company confirmed China is blocking some chip sales, but noted the situation will only have a minor impact on its revenue.
From the macro side, data from ADP and Moody's Analytics showed jobs grew by 177,000 in June, missing expectations. Jobs growth for May was revised higher, however.
European stocks closed higher Thursday afternoon as hopes over a softening in U.S. trade rhetoric boosted auto-related stocks. The pan-European Stoxx 600 closed up 0.4 percent, although it had traded higher earlier in the day.
Autos stocks led the gains, closing up 3.4 percent amid news that German carmakers were now prepared to support an elimination of EU tariffs on cars imported from the U.S. The U.S. ambassador to Germany reportedly told German car executives that President Donald Trump would suspend threats of charges on autos imported from the EU if the bloc also annulled tariffs on U.S. cars. Shares of Daimler, BMW and Volkswagen — whose bosses were all reported to have met with Ambassador Richard Grenell on Wednesday — all closed around 4 percent higher on Thursday afternoon.
Dnevni izveštaj 21.09.2018
21.09.2018 | RTB Bor u avgustu izvezao robu u vrednosti 18,6 mil USD - Hiljadu tona bakra za Kinu; Fiskalni savet predlaže povlačenje izmena Zakona o penzijskom i invalidskom osiguranju; NBS: Blagi pad neto dobiti banaka u Srbiji; Hrvatska Erste&Steiermarkische banka izdaje 5.ogoišnje obveznice vredne 500 miliona EUR; Dow skočio preko 250 poena, Evropa opet u plusu
Daily Report 21.09.2018
21.09.2018 | RTB Bor exports goods worth USD 18.6 million in August – Thousand tons of copper for China; Fiscal Council proposes withdrawal of amendments to Law on Pension and Disability Insurance; NBS: Serbian banking sector scored flat aggregate profit in 1Q18; Croatia's Erste&Steiermarkische Bank to issue 500 mln euro 5-yr bond; Dow rallies more than 250 points to first record close since January, Europe rises by the close as concerns over trade spats wane
Dnevni izveštaj 20.09.2018
20.09.2018 | Prva faza kinesko-srpskog industrijskog parka u Smederevu biće završena 2020. - Na 400 hektara posao za 20.000 ljudi?; Novih 20 mil EUR za MSP u Srbiji kroz sporazum EBRD i Addiko banke; Ruski trgovinski lanci dogovorili uvoz hrane iz Srbije; United grupi u Sloveniji naloženo da proda Sport klub; Banke vodile rast indeksa na NYSE, Evropa u plusu
Daily Report 20.09.2018
20.09.2018 | First phase of Chinese-Serbian industrial park in Smederevo to be completed in 2020 – Jobs for 20,000 people on 400 hectares?; New EUR 20 million for SMEs in Serbia through agreement between EBRD and Addiko Bank; Russian retail chains contract import of food from Serbia; Slovenia's competition agency orders United Group to dispose of Sport Klub channels; Dow jumps more than 150 points as Goldman and JP Morgan lead bank shares higher, Europe ends on a high note as investors brush off trade dispute
Dnevni izveštaj 19.09.2018
19.09.2018 | IFC investirao 190,5 mil EUR u Srbiju u fiskalnoj 2018.; Fijat ostaje u Srbiji, stižu novi modeli; Potpisan ugovor o finansiranju izgradnje obilaznice oko Beograda - Vrednost deonice od Ostružničkog mosta do Bubanj potoka 207 mil EUR; Ziđin planira da proizvodnju u Boru poveća tri do četiri puta; Dow skočio 185 poena pošto trenutni tarifni potezi na relaciji SAD-Kina ne izgledaju strašno koliko se očekivalo, Evropa tek u blagom plusu
Daily Report 19.09.2018
19.09.2018 | IFC invests EUR 190.5 million in Serbia in fiscal year 2018; Fiat to stay in Serbia, and is prepping new model; Agreement on funding of construction of bypass route around Belgrade signed – Section from Ostruznica Bridge to Bubanj Potok worth EUR 207 million; Zijin to double Serbia's RTB Bor output in three years; Dow surges 185 points as latest US-China trade barbs are not as bad as feared, Europe holds steady by the close as US-China trade conflict escalates
Dnevni izveštaj 18.09.2018
18.09.2018 | MMF: Srbija sama privukla više od polovine direktnih investicija u regionu; ENHL: Energoprojekt ugovorio dva nova posla u Srbiji; Kineska kompanija CRBC gradiće koridor kroz Frušku goru? - Opcije kredit i koncesija; Potpisan sporazum o investiciji Shandong Linlonga u Zrenjaninu; Wall Street u minusu nakon sve izvesnijih novih carinskih akcija SAD protiv Kine, Evropa u mešovitom tonu, H&M skočio 16,6%
Daily Report 18.09.2018
18.09.2018 | IMF: Serbia alone counts for more than half of total FDI stock in the region; ENHL: Energoprojekt contracted RSD 1.3bn worth jobs in Serbia; Chinese company CRBC to build corridor through Fruska Gora? – Options include credit and concession; Serbia signs investment agreements with China's Shandong Linglong, Zijin - finmin; Stocks fall after Trump says US-China trade announcement coming after the bell, Europe ends on a muted note as fresh tariff threats linger, H&M climbs 16.6%
Dnevni izveštaj 17.09.2018
17.09.2018 | RZS, NBS: Međugodišnja inflacija u avgustu 2,6%; NBS: Devizne rezerve 11,3 milijarde EUR; Al Dahra i zvanično jedini ponuđač za PKB - Otvaranje finansijske ponude naknadno; Inflacija u HR ostaje na 2,1% u avgustu; S&P500 završio petak u plusu vođen rastom na proizvođačima čipova, Evropa takođe u plusu
Daily Report 17.09.2018
17.09.2018 | NBS, SORS: Annual inflation in August at 2.6%; NBS: FX resrevs in Agust at EUR 11.3bn; Al Dahra officially the only bidder for PKB purchase – Financial bid to be opened subsequently; Croatia's annual inflation remains at 2.1% in August; S&P 500 ekes out 5-day winning streak as chipmakers rise, European markets finish on an upbeat note as autos, miners climb