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 21.09.2018
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