Serbian financial, corporate sectors expect stable inflation - c-bank
Serbia's financial and corporate sectors expect inflation to stand within the 1.5%-4.5% target band in the short and medium term, the country's central bank, NBS, said on Monday. One-year-ahead inflation expectations of the finance sector stood at 2.0% and of the corporate sector amounted to 1.8%, NBS said in its monthly inflation Expectations Survey for September. In September, one-year ahead inflation expectations of households came in at 5.0%, while the short-term forecast of trade unions was 3.0%. Looking two years ahead, the finance sector expects 2.4% inflation, while the corporate sector envisages 2.2%, NBS said.
Serbia officially becomes non-regional member of Asian Infrastructure Investment Bank
Serbia has obtained the certificate confirming the country’s status as an official non-regional member of the Asian Infrastructure Investment Bank. This provides our country with access to favorable credits for the realization of important projects – Serbian Finance Minister Sinisa Mali. The Asian Infrastructure Investment Bank, which is headquartered in Beijing, began operating in 2016. In addition to Serbia, other countries outside the Asian-Pacific region are members as well, such as Great Britain, Germany, France, Italy, the Netherlands, Spain and others.
IMR sold for RSD 1.1 billion – Consortium from Belgrade buys former giant from Rakovica
Industrija Motora Rakovica AD in bankruptcy has been sold to the consortium consisting of Institut za izgradnju grada and Hempro from Belgrade for RSD 1.1 billion. On the date of September 30, 2019, the sale of the bankruptcy debtor AD Industrija Motora Rakovica in bankruptcy, Belgrade, as a legal entity, through the method of public collection of bids, was organized by the Bankruptcy Center at the Bankruptcy Supervision Agency. As the offered price was below 50% of the estimated value, it had to be considered by the Board of Creditors, which reached the decision on accepting the offer on October 21.
S&P 500 rises, moves closer to record high on trade and earnings optimism; European stocks close higher despite Brexit uncertainty; Wirecard climbs 6%
Stocks closed higher on Monday, boosted by optimism around U.S.-China trade talks as well as the corporate earnings season. The S&P 500 rose 0.7% to 3,006.72, notching its first close above 3,000 since Sept. 18.The Nasdaq Composite climbed 0.9% to 8,162.99. The Dow Jones Industrial Average advanced 57.44 points, or 0.2% to 26,827.64.
European stocks closed higher on Monday, despite fresh uncertainty as U.K. leader Boris Johnson was denied a parliamentary vote on his Brexit deal. The pan-European Stoxx 600 was 0.7% above the flatline at the closing bell, with basic resources and banks surging 2% while food and beverages stocks slipped 0.3%.
Sweden’s Fabege fell 8.5% after weak third-quarter results, while shares of Micro Focus slid 7% after Open Text confirmed it was not considering an acquisition of the British software company.