EBRD investments in Serbia to reach approx. 500 mln euros
European Bank for Reconstruction and Development (EBRD) President Suma Chakrabarti expects the financial institution's investments in Serbia to reach about 500 mln euros this year, which would be an "all-time record for EBRD in Serbia." "It will probably move Serbia towards fifth or sixth position in the EBRD countries of operation - we have nearly 40 countries of operation," Chakrabarti told Tanjug in an interview.
Serbian Government adopted CHF housing loans conversion
The Serbian government adopted on Tuesday the bill on conversion of housing loans indexed in Swiss francs. It envisages converting the remaining part of the debt of the loan into euros, and reducing the amount obtained through that conversion by 38 percent, the government has announced. With this bill, approximately 16,800 citizens who have housing loans in Swiss francs will be able to solve this financial problem, regardless of the amount of debt.
Chinese investment worth EUR 150 million – Construction of residential complex in Jajinci to begin in mid-2019
The construction of the complex whose working title is Vila Banjica will start soon in the Belgrade neighborhood of Jajinci, and the total area of the residential part will amount to around 180,000 m2, New Park Group confirmed for eKapija. This Chinese investment was announced back in 2014, and the investors on this project are Nantong Sanjian Construction Group (CNTC) and Singmo Chan, a naturalized French citizen and the former president of the French-Chinese Chamber of Commerce in Paris. CNTC has worldwide operations. In Europe, it has projects in Serbia and Romania.
S&P 500 slips as health-care losses overshadow strong earnings and China growth, European markets close marginally higher amid earnings
Stocks struggled on Wednesday as sharp losses in the health-care sector offset strong quarterly earnings results. The Dow Jones Industrial Average dipped 3 points, while the S&P 500 fel 0.2%. The Nasdaq Composite closed 0.1% lower. Health care fell 2.9% as a sector, eclipsing a 2% drop from the previous session.
The sector’s sharp losses came after UnitedHealth CEO David Wichmann warned that proposals pushed by Democratic lawmakers, such as “Medicare for All,” would “surely jeopardize the relationship people have with their doctors, destabilize the nation’s health system and limit the ability of clinicians to practice medicine at their best. ”
Stocks initially rose as investors cheered strong earnings from companies like Morgan Stanley and PepsiCo, along with better-than-expected economic data out of China.
After slipping value over the morning European stocks climbed higher on average Wednesday afternoon, as autos and banks rallied. The pan-European Stoxx 600 finished provisionally higher by 0.08% with all of the continent’s major individual bourses in positive territory. Autos and banks both rallied as economic data out of China boosted optimism and assuaged fears that the global economy is slowing down.
Commerzbank was among the top performers during afternoon deals. Shares of Germany’s second-largest bank rose around 1.9% after media reports suggested ING had informally approached to takeover the lender.