Serbia can expect new investment wave from UAE
Serbia can expect a new wave of investments from the UAE in the years to come and Serbian businesses can put the country on a list of markets where they have major chances of boosting their exports, Chamber of Commerce and Industry of Serbia (PKS) President Marko Cadez said in Abu Dhabi Monday. A Mubadala delegation will soon visit Belgrade to assess new investment projects, Cadez and Khaled Abdulla Al Qubaisi, head of the Mubadala department of aeronautics, renewable energy and IT, agreed at a meeting. Mubadala is currently working on the Cibuk 1 wind park in Serbia.
Cargo reloading at Serbian ports increases by 11.5% in 2018 – New international passenger terminals in Zemun and Ram planned for 2019
A total of 11.8 million tons of goods was reloaded at ports in Serbia in 2018, which is 11.5% more than last year, as the result of an increase in economic activities, the Port Governance Agency announced today. The most frequently reloaded goods are still gravel, sand and stone aggregates, making up nearly 26% combined. The amounts of petroleum and petroleum products have grown, making up 18.6%, whereas the reloading of ores made up 18.4%. Grains accounted for 13%. The execution of the Action Plan for the development of water transport of the Government of Serbia and the cooperation of the Agency with the competent ministry resulted in 75% of goods reloaded in designated port areas, which is 5% more than in 2017 – the Agency said and added that, three years before, less than a half of the total cargo had been reloaded in designated port areas.
Towns and municipalities process 100,000 building requests last year
Last year, local self-governments processed nearly 100,000 building requests, of which 85% were approved. The most successful towns when it comes to the issuing of building, exploitation and other permits are Cacak, Sremska Mitrovica and Sombor, where Odzaci, Sopot and Backa Topola are the top three municipalities, as per an analysis by the NALED’s Association for Property and Urban Planning, done based on the data from the system for the submission of electronic applications at the Business Registers Agency.
S&P 500 rises for first time in 3 sessions, but worries over economy dampen Street sentiment, Europe stocks close higher as US recession fears fade, Wirecard shares jump 26%
Stocks rose on Tuesday, but sentiment on Wall Street was dampened by lingering fears that the economy is slowing down. The Dow Jones Industrial Average closed 140.90 points higher at 25,657.73. The 30-stock index rose as much as 279.46 points earlier in the day. The S&P 500 closed up 0.7 percent at 2,818.46 — notching its first gain in three sessions — after trading 1.1 percent higher at its high of the day. The Nasdaq Composite gained 0.7 percent to close at 7,691.52.
Housing starts fell 8.7 percent in February, widely missing expectations. Building permits declined, but at a slower rate than forecast by economists. Consumer confidence declined in March to 124.1 from 131.4 in February, according to data from The Conference Board.
European equities closed higher on Tuesday as fears over a possible recession faded and investors concentrated on corporate news. The pan-European Euro Stoxx 600 Index was higher by almost 0.8 percent at the closing bell, with major bourses and sectors mostly in positive territory. Media stocks jumped 1 percent after the European Parliament approved an overhaul to EU copyright law that could mean big tech will have to pay media producers for their content.
Wirecard shares surged to the top of the index during afternoon deals, with shares gaining more than 26 percent after a legal probe cleared the firm of criminal wrongdoing. The Munich-based firm had faced allegations that accounting staff in its Singapore office carried out sham transactions to bulk up its profits.
Airbus shares were up by 2 percent after China agreed to buy 300 of its planes in a deal worth tens of billions of dollars.