Daily Report 12.07.2018
Datum objave: 12.07.2018
ENHL: Strabag consortium to reconstruct Republic Square, Energoprojekt failed to take a job
The consortium around the Austrian company Strabag has won the tender for the reconstruction of the Republic Square in Belgrade. The job is worth more than RSD 900 million, and Strabag offered the price of RSD 768.26 million without VAT. The decision on the awarding of the contract was signed on July 9, and the group of companies around Energoprojekt (ENHL), which failed to get the job, is given ten days to file a complaint. If everything goes according to plan, the works might start in early July.
NBS: NBS FX reserves in June arrived at EUR 11.1bn
NBS FX reserves stood at EUR 11.1bn at end-June, up by EUR 221.1m from end-May. This level of FX reserves covered 195% of money supply (M1) or more than five months’ worth of the country’s imports of goods and services (almost twice the level prescribed by the standard on the adequate level of coverage of the imports of goods and services by FX reserves). The June increase in gross FX reserves is attributable chiefly to the inflows from NBS interventions in the domestic FX market (purchase of EUR 320.0m from banks). An additional boost to reserves came from net inflows in respect of donations, FX reserves management and other grounds (EUR 76.7m total).
Bankruptcy proceedings, then sale of Azotara
Serbian Minister of Mining and Energy Aleksandar Antic stated that after the bankruptcy proceedings are carried out, Azotara Pancevo would be put up for sale in line with the law. According to him, this will enable potential new owners to relaunch the production in a more efficient way and without being burdened with old debts.
UK to boost funding to Western Balkans
The UK government plans to increase funding to the Western Balkans to 80 million pounds ($106.1 million/90.6 million euro) in 2020/2021 from 41 million pounds in 2018/2019, prime minister Theresa May said. The funding will help the region to address complex security challenges, particularly around serious and organised crime and drug smuggling, which in turn will help prevent illicit activity on the streets in the UK, May said on Tuesday, as quoted in a statement by the government.
Dow drops more than 200 points, snaps 4-day winning streak after US unveils new tariffs on Chinese goods, European markets close sharply lower on trade war concerns, Indivior slides 30%
Stocks closed sharply lower on Wednesday as a trade war between the U.S. and other major economies intensified, with the Trump administration unveiling new tariffs on Chinese goods. The Dow Jones Industrial Average fell 219.21 points to 24,700.45 with Caterpillar, DowDuPont and Chevron as the biggest decliners. The S&P 500 dropped 0.7 percent to 2,774.02 as energy plunged more than 2 percent. The Nasdaq Composite declined 0.6 percent to close at 7,716.61.
From the corporate side, shares of drug makers fell after Pfizer said it will postpone price increases after a conversation with the president. Pfizer fell 0.6 percent, while Biogen slipped 0.2 percent. Merck declined 0.6 percent.
American Airlines fell nearly 8.1 percent after the company trimmed its outlook for second-quarter revenue growth.
European shares closed sharply lower on Wednesday afternoon as U.S. authorities unveiled a new list of Chinese products that could see tariffs. The pan-European Stoxx 600 ended the day down by 1.2 percent, with all sectors in the red. Basic resources fell the furthest on the back of renewed trade war concerns and closed 3.3 percent lower. The oil and gas sector was 2.3 percent below the flat line.
British pharma firm Indivior dropped to the bottom of the index, off by 30 percent. The company warned its revenues might be dented and come below expectations. Burberry was 4 percent lower despite presenting no change to its 2019 guidance.
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