Daily Report 05.12.2018
Datum objave: 05.12.2018
Serbia reduces public debt by USD 1 billion in a day
The Republic of Serbia has paid out USD 1.03 billion of old debts in a single day, which amounts to close to EUR 900 million and hasn't been done using credits or refinancing, but using the savings made, Finance Minister Sinisa Mali told Tanjug. He said that, in the first nine months, the GDP growth amounted to 4.5%, which, he says, is the biggest growth in the past ten years, while the unemployment rate is at an all-time low of 11.3% according to him.
Dealers to contribute to reduction of Serbia's public debt from 2019
Next year, a new financial institution will take root in Serbia – primary dealers – which will trade securities and contribute to the development of the securities market, all to the end of having the public debt of the Republic of Serbia drop to below 50%. Primary dealers are financial institutions selected by the Ministry of Finance to trade securities, work on upgrading the primary and the secondary securities market and be active in addressing the issue of the public debt in cooperation with the state.
China's Zijin to officially take over RTB Bor on December 18
The Chinese company Zijin will officially take over RTB Bor on December 18, and the former managing director, Blagoje Spaskovski, will remain in the company under contract for another three years, as per his own statement, which was reported by Solarismedia. At the ceremony organized on the occasion of the 65th anniversary of the Mountain Home on Stol, Spaskovski said that he would still “try to contribute to the development of RTB and the town of Bor”.
Slovenia's NLB Group posts 14% drop in Jan-Sept after-tax profit
Slovenian banking group NLB, parent company of lender Nova Ljubljanska Banka [LJE:NLBR], said on Friday that its consolidated profit after taxes fell by an annual 14% to 158.3 million euro ($179.8 million) in the January-September period of 2018. The company's net operating income edged up 1% year-on-year to 369 million euro in the first nine months of the year, NLB Group said in an interim financial statement. Net interest income added 1% to 231.9 million euro, while net non-interest income remained flattish at 137.1 million euro.
Dow plunges nearly 800 points on rising fears of an economic slowdown, Autos drag European markets lower amid worries over US-China trade truce
Stocks fell sharply on Tuesday in the biggest decline since the October rout as investors worried about a bond-market phenomenon signaling a possible economic slowdown. Lingering worries around U.S.-China trade also added to jitters down Wall Street. The Dow Jones Industrial Average fell 799.36 points, or 3.1 percent, S&P 500 declined 3.2%, while Nasdaq Composite dropped 3.8 percent to close back in correction territory at 7,158.43.
The yield on the three-year Treasury note surpassed its five-year counterpart on Monday. When a so-called yield curve inversion happens — short-term yields trading above longer-term rates — a recession could follow, though it is often years away after the signal triggers.
European stocks shifted lower Tuesday, amid rising doubts over whether the world's two largest economies will be able to resolve their trade differences. The pan-European Stoxx 600 was down 0.7 percent during deals, with most sectors and major bourses in negative territory.
Europe's autos sector, which has been the most sensitive to trade war fears in recent months, led the losses, down almost 2.5 percent Tuesday. France's Faurecia was the worst sectoral performer, with shares down 6.6 percent after Jefferies cut its target price for the stock. One in four automobiles is equipped by parts made by Faurecia.
The technology sector was also a big loser, falling 1.4 percent. Chip-makers are also heavily exposed to China and AMS and Siltronic dipped around 5 and 8 percent respectively.
U.K. Telecoms firm BT had better fortunes, rising more than 2 percent after a Goldman Sachs upgrade to "Buy" from "Neutral."
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