Daily Report 02.11.2018
Datum objave: 02.11.2018
Serbia drops to 48th place on Doing Business list
This year, Serbia is 48th of the 190 countries ranked by the ease of doing business, compared to the 43rd spot from last year's reports, although its total number of points has increased, as per the World Bank's Doing Business 2019: Training for Reform report, published yesterday. The main reason for this drop is that other countries have made bigger progress in regulating their business environment, the World Bank announced.
EBRD lifts Serbia's 2018 GDP growth forecast to 4.2%
The European Bank for Reconstruction and Development (EBRD) increased on Thursday its projection for Serbia's 2018 economic growth to 4.2% from 2.9% envisaged in May. Faster growth is to be supported by further strengthening of consumption and investment. The risks to the projection are balanced and mainly relate to the implementation of reforms envisaged under the IMF’s PCI and the further pace of Eurozone growth," the lender noted in its latest Regional Economic Prospects report. Serbia's economic growth is projected to slow to 3.5% in 2019, the EBRD said.
Serbia is a reliable partner to Italian businesses
Italy is one of the leading investors in Serbia with the value of the Italian investments amounting to over 800 million euro. Still, Serbia is still open for new investments and partnerships with Italian companies – it was said at the conference New Economic Opportunities for Regional Italian Companies held in Verona. Director of the Sector for International Economic Relations at the Chamber of Industry and Commerce of Serbia, Jelena Jovanovic says that looking at individual companies that invested in Serbia, Italian companies occupy the second place on the list of the top investor countries.
Source: Serbian monitor
Komercijalna banka reported RSD 6.5bn in its 9M net profit,
Komercijalna Banka (KMBN) reported RSD 6.5bn in its net profit, for 9M 2018, which is down 6% y/y, due to absence of high tax gain, while on an adjusted basis, the profit is actually higher 14% y/y. Net interest income was up only light 1.3% y/y, while net F&C income was higher by 2.8% y/y. Adjusted net profit is higher due to better performances with securities and solid cost control. The bank’s assets grew 5.4% YTD, due to higher credit activity (+2.15%) and higher volume of placements into government securities (+12.4% y/y).
Source: KMBN, Ilirika
Stocks jump again, bringing 3-day gain in the Dow to more than 900 points, European stocks close higher, Bank of England holds rates, sterling rallies
Stocks closed higher on Thursday as a rebound from sharp losses last month continued after comments from President Donald Trump indicated potential progress in U.S.-China trade relations.
The Dow Jones Industrial Average gained 264.98 points to 25,380.74 as DowDuPont outperformed, bringing its three-day gains to more than 900 points. The S&P 500 climbed 1.1 percent to 2,740.37, with the materials leading. The Nasdaq Composite advanced 1.8 percent to 7,434.06 ahead of Apple's quarterly earnings report.
Overall, corporate earnings have been mostly better than expected this season. FactSet data show 76.9 percent of S&P 500 companies that have reported have topped analyst expectations for calendar third-quarter earnings.
In economic data, initial U.S. weekly jobless claims fell to 214,000 last week while continuing claims remained at their lowest levels since 1973. The data come ahead of the monthly jobs report, which is set for release Friday morning.
European stocks rose on Thursday, as investors digested stronger-than-anticipated corporate earnings, while sterling rose sharply after a reported Brexit breakthrough. The pan-European Stoxx 600 finished provisionally up by 0.24 percent with sectors and major bourses almost evenly split between winners and losers.
Europe's telecoms stocks led the gains on the back of robust earnings results. BT was the top sectoral performer, after raising its company outlook. Shares were 8.6 percent higher at the close.
Meanwhile, Credit Suisse dropped nearly 2.1 percent after missing forecasts, despite a 74 percent increase in net income from a year ago.
The Bank of England (BOE) kept its benchmark interest rates unchanged on Thursday, but hinted that a smooth Brexit could quicken the bank's rate-hiking cycle.
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%