Daily Report 30.11.2018
Datum objave: 30.11.2018
Fiat and Zelezara biggest exporters from Serbia
The export of the 15 biggest exporters from Serbia amounted to EUR 3.7 billion in the first nine months of the current year, with the biggest exporters being Fiat Chrysler Automobiles (FCA) Serbia with EUR 654.7 million and HBIS Group, the owner of Zelezara Smederevo, with EUR 638.3 million, the Ministry of Finance announced. They are followed by Naftna Industrija Srbije (398.2 million), Tigar Tyres Pirot (EUR 333 million), Robert Bosch Belgrade (EUR 205.8 million), Petrohemija Pancevo (EUR 181.7 million), Tetra Pak Belgrade (EUR 171.8 million), Grundfos Indjija (EUR 169.5 million), RTB Bor (EUR 149.8 million) and Yura Corporation Raca (EUR 147.2 million).
EUR 70 million to be set aside from state budget for pipeline through Serbia
The discussion about the importance of the construction of the second branch of the TurkStream gas pipeline through Serbia continued on Wednesday, November 28, at the National Assembly of Serbia. Minister of Energy Aleksandar Antic pointed out that intensive activities were in progress regarding the preparations for the realization of the Serbian route of this main pipeline, from the Bulgarian to the Hungarian border, with EUR 70 million to be set aside from the state budget for the purpose, Politika reports.
Fiscal Council critical of 2019 state budget
The Chairman of the Fiscal Council, Pavle Petrovic said today that it is good that the state deficit is small and that the proposed budget for 2019 was balanced with approximately equal expenditures and revenues. However, Petrovic is critical of the fact that more budget funds in 2019 will be spent on procuring police and army equipment and increasing civil servant salaries than on building motorways. The small deficit, he says, will lead to a further reduction of public debt from the current 54 per cent of the national GDP to around 51.5 per cent at the end of 2019.
IMF agrees to increase in public sector wages
Serbian Finance Minister, Sinisa Mali confirmed that civil servants will get a pay raise from 7 to 12 per cent as of next year, adding that the IMF providing that the IMF agreed. Previously, the Fiscal Council’s remarked that the announced increase was not justified and realistic, as wages in the public sector grow twice faster than those in the private sector.
European stocks close higher as trade disputes take center stage, Deutsche Bank slips 3.4%
Stocks closed lower on Thursday as hopes of a trade deal being struck between China and the U.S. dimmed. The Dow Jones Industrial Average fell 27.59 points to 25,338.84, snapping a three-day winning streak. The S&P 500 slipped 0.2 percent to 2,737.83 and also closed lower for the first time in four days. The Nasdaq Composite dropped 0.25 percent to 7,273.08.
The South China Morning Post reported White House advisor Peter Navarro would be attending the dinner between President Donald Trump and Chinese leader Xi Jinping in Buenos Aires at the G-20. CNBC later confirmed Navarro's attendance. Stocks fell to their lows of the day on the news, with the Dow briefly losing more than 160 points.
Boeing's stock bucked the negative trend, rising 2.7 percent after Cowen named it its No. 1 aerospace stock for 2019, noting: "It would take a sharp economic slowdown to disrupt the favorable current production outlook."
European stocks lost some of the steam seen earlier in the session, as trade concerns began to take center stage. The pan-European Stoxx 600 index ended provisionally higher by 0.20 percent in late afternoon with stocks in the Basic Resources basket among those leading the gains.
Shares of the German lender, Deutsche Bank, dropped 3.4 percent following news of a police raid to its headquarters in Frankfurt, amid allegations of money laundering against the country's flagship lender.
Dnevni izveštaj 12.12.2018
12.12.2018 | NBS: Devizne rezerve u novembru 11,6 milijarde EUR; Srbija u Briselu otvorila poglavlja 17 i 18; Nije stigla zvanična ponuda za Telekom; Telekom Slovenije planira neto konsolidovani profit od 30,3 miliona EUR za 2019; Dan izrazitih oscilacija na NYSE odveo indekse u različite smerove, Evropa u plusu svođena rastom rudarskih kompanija
Daily Report 12.12.2018
12.12.2018 | NBS: FX reserves in November at EUR 11.6bn; Serbia opens chapters 17 and 18 in Brussels; No official offer for Telekom; Telekom Slovenije plans 30.3 mln euro cons net profit in 2019; Dow closes lower after swinging more than 500 points in another volatile session, Miners lift European markets, WPP surges 6%
Dnevni izveštaj 11.12.2018
11.12.2018 | Američki fond hoće da kupi po 20% Telekoma i Komercijalne banke - Ripplewood Advisors dostavio ponudu srpskoj vladi?; U martu 2019. moguć početak gradnje gasovoda koji Srbiju priključuje na Turski tok; Na prodaju 28,51% kapitala Jubmes banke - Prijave do 9. aprila 2019.; Sporazum Srbije o slobodnoj trgovini sa Evroazijskom unijom tokom Putinove posete; Dow u plusu nakon oporavka na tehnološkim akcijama, Evropa u padu nakon odlaganja glasanja o Brexitu
Daily Report 11.12.2018
11.12.2018 | American fund looking to buy 20% of Telekom and Komercijalna Banka each – Ripplewood Advisors sends offer to Serbian government?; Construction of pipeline connecting Serbia to TurkStream may begin in March 2019; Serbia invites bids for sale of 28.5% stake in Jubmes Banka; Free trade agreement Serbia-Eurasian Economic Union to be signed during Putin’s visit; Dow erases 500-point drop and closes higher in another wild session on Wall Street, European markets close nearly 2% lower and sterling slips to 21-month low as UK pulls Brexit vote
Dnevni izveštaj 10.12.2018
10.12.2018 | ENHL: Energoprojekt ugovorio nove poslove u Peruu vredne 9,3 miliona EUR; Ubrzo završetak pregovora Rusije sa Srbijom o povlašćenoj trgovini; Usvojen budžet za 2019.; Sberbank prodaje svoj udeo u Agrokoru - Kompanija perspektivna za arapske investitore; Novi minusi na Wall Streetu, Evropa u plusu
Daily Report 10.12.2018
10.12.2018 | ENHL: Energoprojekt reported two new contracts form Peru, worth EUR 9.3m; Negotiations between Russia and Serbia on preferential trade to be completed soon, Putin says; National Assembly adopts Serbia's state budget for 2019; Sberbank to sell its Agrokor stake – Arab investors interested; Dow rebounds from 780-point plunge, ends day just slightly lower on report Fed may pause hikes, European markets close at 2-year low, Stoxx 600 slips 3.3 percent, European markets close higher to cap wild week, Fresenius SE shares tank 17%
Dnevni izveštaj 07.12.2018
07.12.2018 | NBS: Referentna kamatna stopa zadržana na nepromenjenom nivou; Kvota za izvoz govedine u Tursku od 2019. veća za 40%; AERO: Francuski ASL Airlines otvara liniju Beograd – Pariz; RTB Bor za sedam odsto povećao izvoz u odnosu na prošlu godinu; Dow u blažem minusu nakon najave da će FED možda pauzirati podizanje kamatne stope, Evropske berze blizu dvogodišnjeg minimuma
Daily Report 07.12.2018
07.12.2018 | NBS: Key policy rate unchanged; Quota for export of beef to Turkey to be higher by 40% from 2019; ASL Airlines France to operate Paris – Belgrade flights during next summer; Serbia’s RTB Bor increases exports; Dow rebounds from 780-point plunge, ends day just slightly lower on report Fed may pause hikes, European markets close at 2-year low, Stoxx 600 slips 3.3 percent
Dnevni izveštaj 06.12.2018
06.12.2018 | Nema razloga da vlada preispituje odluku Telekoma o kupovini Kopernikusa; Konzorcijum rekonstruiše brodsku prevodnicu "Đerdapa 1"; Razmena Italije i Srbije stiže do rekordne 4 milijarde evra; Al Dahri odobrena kupovina PKB i zavisnih preduzeća; Berze u SAD zatvorene, Evropa opet u solidnim minusima
Daily Report 06.12.2018
06.12.2018 | No reason for the government to question the decision of Telekom on the purchase of Kopernikus; Germany's DSD Noell to reconstruct Serbia's Djerdap 1 HPP ship locks; Trade between Italy and Serbia could reach 4bln euro by year end; Al Dahra given official approval to take over PKB; NYSE closed; European stocks fall more than 1 percent amid rising trade war fears