Daily Report 10.09.2018
Datum objave: 10.09.2018
Government has abolished the Law on Pension Reduction – Pensions in November to be paid out with an increase
The Government of Serbia has adopted a Bill that will abolish the reduction of pensions owing to which pensioners will receive their October pension without decrease. According the statement on the Government's website, they adopted a Bill on amendments to the Law on Pension and Disability Insurance with which the Law on Pension Reduction will be abolished by September 30, 2018.
Serbia and USA sign Memorandum of Understanding on Cooperation in the field of infrastructure.
The Minister of Construction, Transport and Infrastructure Zorana Mihajlovic and US Ambassador to Serbia Kyle Scott signed yesterday, in the presence of President of the Republic of Serbia Aleksandar Vucic and US Secretary of Commerce Wilbur Ross a Memorandum of Understanding on Cooperation in the field of infrastructure. Mihajlovic and Ross agreed that the Memorandum of Understanding on Cooperation in the field of infrastructure between Serbia and USA gave an excellent opportunity to promote participation of American construction and other companies that want to work in Serbia, The Ministry of Construction, Transport and Infrastructure said in an official statement.
Serbian GDP growth overestimated due to low base
GDP growth in Serbia is overestimated in case of 2Q level, mainly due to low base from a year ago but on an annual basis it should grow at least 4%, economists from Economy Institute Belgrade said. Solid GDP growth is a result of good agricultural season and expansion at construction sector, while industrial output and processing industry gave much less contribution, the same statement says.
Source: Beta, Ilirika
Slovenia's NLB H1 cons net profit drops 11% y/y
Slovenia's largest lender, state-owned Nova Ljubljanska Banka (NLB), said it booked a consolidated net profit of 104.8 million euro ($121.3 million) in the first half of 2018, down 11% on the year primarily as a result of lower credit impairments and provisions. All group subsidiary banks in the Southeast European (SEE) market generated a profit and contributed 41% to the NLB Group profit before tax, NLB said in a Ljubljana bourse filing.
Nasdaq falls for fourth straight day, posts worst start to September since 2008, Europe ends on a mixed note, but on the week slumps 2.2%, as trade concerns weigh
Stocks fell on Friday, capping off a volatile week for investors as rising trade fears and a tech sell-off led to broad weekly losses. The Nasdaq Composite fell 0.3 percent to 7,902.54, led by declines in Apple, Amazon and Alphabet. The S&P 500 pulled back 0.2 percent to close at 2,871.68 as utilities and real estate both dropped more than 1 percent. The Dow Jones Industrial Average declined 79.33 points to 25,916.54 as Intel lagged.
Apple dropped 0.8 percent after the company told the U.S. government the proposed tariffs on Chinese goods would impact several Apple products. Apple shares traded 0.6 percent lower.
European shares were little changed by Friday's close, as investors remained cautious amid new trade threats. The pan-European STOXX 600 closed relatively flat, up 0.08 percent, while the region's sectors pointed in different directions at the close. On the week, the STOXX 600 however slumped 2.22 percent.
Banks were some of the biggest losers however, down 0.93 percent. Shares of Deutsche Bank ended lower following reports that the Chinese group HNA intends to sell its 7.6 percent stake. And Denmark's largest lender Danske Bank dropped 4.2 percent on fears that a money laundering scandal affecting its Estonian branch could be much bigger than previously thought.
Dnevni izveštaj 21.01.2019
21.01.2019 | MTLC: Prihod Metalca u 2018. godini 110 mil EUR - Rezultati iznad plana; Minimalac od 2019. godine 27.022 dinara - Sindikati nisu zadovoljni; Izgradnja Turskog toka u Srbiji biće završena do kraja 2019. godine; Predstavnici Srbije i Rusije potpisali više dokumenata o saradnji; Dow skočio preko 300 poena u petak, Evropa takođe u plusu
Daily Report 21.01.2019
21.01.2019 | MTLC: Income of Metalac in 2018 at EUR 110 million – Results exceed plans; Minimum wage at RSD 27,022 in 2019 - Trade unions displeased with the decision; TurkStream construction in Serbia to be completed by end-2019; Serbia and Russia on Thursday signed over 20 agreements, memorandums, accords and protocols on future cooperation.; Dow jumps more than 300 points, posts first 4-week winning streak since August, European markets close week firmly higher on US-China trade relief
Dnevni izveštaj 18.01.2019
18.01.2019 | Sberbank Srbija i Telekom Srbija potpisali memorandum o saradnji; Brauerei Group Beograd postao vlasnik Valjevske pivare; Preduzeli smo sve da zaštitimo Srbiju i Železaru, kaže Premijerka; Bugari kupili Telekom Albanija za 50 mil EUR - Telekom Srbija imao bolju ponudu; Američki indeksi u plusu nakon novosti da bi SAD mogle da smanje uvozne carine na robu iz Kine, već tokom pregovora, Evropske berze bez većih promena
Daily Report 18.01.2019
18.01.2019 | Russian bank's loan to Serbia's state-owned telcom; Brauerei Group Belgrade becomes owner of Valjevska Pivara; Brnabic says Serbian steel production safe; Bulgarian company to buy Telekom Albania for EUR 50 million – Telekom Srbija gives better offer; Stocks rise after report says US considering easing China tariffs during negotiations, European markets close flat after May survives no-confidence vote, ITV shares dive 6%
Dnevni izveštaj 17.01.2019
17.01.2019 | Putin dovodi investitora za ruski pandan Beograda na vodi - Fond Marera Properties želi da gradi poslovni centar u Bloku 18; Raste promet u rubljama između Srbije i Rusije; Za Petrohemiju zainteresovane i ruske firme; Srbija svetski lider po rastu proizvodnje čelika; Skok na Goldmanu održao američke indekse u zelenom, Evropa ipak u plusu, Duetsche Banka dobila 8%
Daily Report 17.01.2019
17.01.2019 | Putin to bring investor for Russian counterpart to Belgrade Waterfront – Investment fund Marera Properties looking to build business center in Block 18; Transactions in rubles between Serbia and Russia on the rise; Russian companies interested in Petrohemija; Serbia has world's highest crude steel production increase; Dow gains more than 100 points as Goldman posts best day in 10 years, European markets close higher after May’s Brexit vote defeat, Deutsche Bank up 8%
Dnevni izveštaj 16.01.2019
16.01.2019 | Telekom potrošio 310 mil EUR na kupovinu kablovskih operatera; Investitorima u 2019. od 3.000 do 7.000 EUR po radnom mestu - Nema više državnih subvencija za međunarodnu trgovinu i hotele; Do kraja marta tender za prodaju Laste - U toku izbor konsultantske revizorske kuće; AERO: Aerodrom Nikola Tesla u 2018. uslužio 5,4% više putnika; Skok na Netflixu podigao Dow indeks, Evropske berze bez bitnijih promena u iščekivanju glasanja u VB povodom Brexita
Daily Report 16.01.2019
16.01.2019 | Telekom spends EUR 310 million buying cable operators; Investors to get 3,000 to 7,000 euros per job in 2019 – No more state subsidies for international trade and hotels; Tendering for sale of Lasta to start by end-March – Selection of consulting and auditing company in progress; AERO: Belgrade Airport serviced 5.64rm passengers in 2018; Dow rises more than 100 points, Netflix leads tech rally, European markets flat ahead of crucial Brexit vote, Italian banks struggle
Dnevni izveštaj 15.01.2019
15.01.2019 | NBS: Devizne rezerve na kraju decembra 11,2 milijarde EUR; Sa Rusijom ugovor o železničkom saobraćaju vredan 230 mil EUR; Fiat nastavlja proizvodnju u Kragujevcu 16. Januara; Kupovna moć u Srbiji raste polako; Američki indeksu u negativnoj korekciji, Evropa takođe – Kineski podaci razočaravajući
Daily Report 15.01.2019
15.01.2019 | NBS: FX reserves in December at 11.2bn; Agreement on rail transport worth EUR 230 million to be signed with Russia; Fiat to resume production activities in Kragujevac on January 16; Purchasing power in Serbia slowly growing; Stocks post back-to-back losses for the first time this year on earnings worries, European stocks fall on weak Chinese data, Pandora shares down 6%