Start of construction of Preljina – Pozega highway section in March 2019
Deputy Prime Minister of Serbia and The Minister of Contruction, Transport and Infrastructure announced in a guest appearance on Prva TV that the construction of the Corridor 11 section from Preljina to Pozega will start in March 2019. At the beginning of this week the Minister said that the commercial contract for the construction of this section would be signed during the state visit of the president of Serbia, Aleksandar Vucic to China.
American Behtel interested in Morava Corridor construction
Minister for construction, infrastructure and traffic, Zorana Mihajlovic, said that American construction company, Behtel, is interested in construction of so called Morava corridor (Preljina-Pojate). She reminded that recently signed agreement between Serbia and USA at the field of infrastructure, means arrival of both new investments and new technologies.
Source: Ekapija, Ilirika
EPS and NIS ranked among top 100 biggest companies in CEE
EPS (Electric Power Company of Serbia) is the biggest Serbian company in terms of sales posted in 2017 (EUR 2.1bn), while at the same time it is ranged as number 65th place when speaking about CEE countries. Other names from Serbia at the list are NIS (NIIS) with EUR 1.8bn in sales, ranked as 80th, FAS with EUR 927m in sales ranked as 211th, Delhaize Serbia at 251rst position and Mercator-S at 269th place.
Source: Ekapija, Ilirika
EBRD lending Bosnia 180 mln euro for works on Corridor Vc
The EBRD said on Wednesday it is providing a 180 million euro ($209 million) sovereign loan to Bosnia for the construction of three new sections of pan-European Corridor Vc with a total length of some 15.8 km. The loan will be divided into two tranches, the EBRD said in a statement.
Dow and S&P 500 eke out gain amid potential US-China trade talks, Europe finishes on a high note despite escalating trade concerns
The Dow Jones Industrial Average and the S&P 500 posted small gains on Wednesday amid the possibility of renewed trade talks between the U.S. and China. The 30-stock Dow rose 27.86 points to 25,998.92 as Boeing and Caterpillar contributed the most to the gains. The broad S&P 500 gained just 0.04 percent to close at 2,888.92, led by more than 1 percent jumps in telecommunications and consumer staples.
Tech shares have also fallen amid increasing regulatory pressure toward social media companies, especially Facebook and Twitter. Facebook shares slipped 2.4 percent while Twitter dropped 3.7 percent. The decline in tech pushed the Nasdaq Composite down by 0.2 percent. to close at 7,954.23.
European stocks posted solid gains on Wednesday, despite intensifying trade tensions between the world's two largest economies. The pan-European Stoxx 600 closed up 0.47 percent, with almost all sectors finishing in positive territory.
In individual stock news, Galapagos shares surged to the top of the European benchmark, closing up 17.58 percent, following positive trial results for a drug designed to treat rheumatoid arthritis.