Serbia number 1 globally for the third year in a row by the number of jobs created through FDI
The Republic of Serbia is number 1 globally for the third year in a row, as the country that creates most FDI jobs per million inhabitants, according to IBM Global Location Trends 2019, which is considered the most important measure of FDI performance. Furthermore, based on job creation Serbia ranks and 5th in Europe and 12th globally in the overall ranking, the Development Agency of Serbia announced on its website. According to IBM Global Location Trends 2019 report, Serbia also stands on the first position in the world as a country with the highest percentage of the export-oriented investment projects (91.2%), along with the rank number one for the number of newly created jobs through FDI projects initiated in 2018 in the electrical equipment sector.
NBS: One year ahead annual inflation expected at 2-2.3%
According to the results of the August survey, one-year and two-year ahead inflation expectations of the financial and corporate sectors continued to move within the target tolerance band (3±1.5%). One-year ahead inflation expectations of the financial and corporate sectors were lowered to 2.3% and 2.0%, respectively, from July. Two-year ahead inflation expectations also went down in August. Medium-term inflation expectations of the financial sector measure 2.5%, while corporate expectations are somewhat lower – 2.4%.
Serbia to start new investment cycle – Most money to be put into infrastructural projects
Serbia is initiating a new investment cycle, as announced by Minister of Construction, Transport and Infrastructure Zorana Mihajlovic after a meeting with a delegation of the European Bank for Reconstruction and Development (EBRD), led by Charlotte Ruhe, Managing Director for Central and Southeastern Europe, and Zsuzsanna Hargitai, the Regional Director for the Western Balkans. The minister pointed out that she was proud that 80% of the new cycle consisted of infrastructural projects and added that she was happy to confirm that the cooperation with the ERBD was very successful.
Stocks fall as investors remain on edge about trade war and impeachment; European stocks close higher amid US-China trade optimism, German consumer data
Stocks fell on Thursday as traders monitored the latest trade developments and assessed a whistleblower complaint against President Donald Trump that was released.
The Dow Jones Industrial Average traded 79.59 points, or 0.3%, lower at 26,891.12. The S&P 500 fell 0.2%, or 7.25 points, to 2,977.62, while the Nasdaq Composite pulled back 0.6% at 8,030.66. For the week, the S&P 500 was on pace for its second straight weekly drop.
European stocks closed higher on Thursday amid hopes that the U.S. and China will be able to resolve their protracted trade battle, with upbeat consumer sentiment data out of Germany providing an additional boost.
The pan-European Stoxx 600 was up nearly 0.7% at the closing bell, with utilities stocks leading the way on a 1.6% gain and most sectors in positive territory.
European markets were buoyed Thursday by the German Gfk consumer confidence survey, which rose for the first time in 2019 to come in at 9.9 for October following a reading of 9.7 for September.
ABN Amro tumbled more than 12% after Dutch prosecutors launched an investigation into alleged money laundering failures, while tobacco company Imperial Brands fell 13% following a profit warning.