High-speed rail line to Novi Sad to be completed by autumn 2021
Serbian Minister of Construction, Transport and Infrastructure Zorana Mihajlovic on Wednesday said a high-speed rail line from Belgrade to Novi Sad would be completed by the autumn of 2021 and that the New Belgrade railway and bus stations were due to be finished by the same deadline. She said the approx. 4 bln euro Belgrade-Budapest line was the largest and the most valuable project in southeastern Europe and that its Serbian stretch was worth around 2 bln euros.
JESV: EIB lends 35 mln euro to back Serbian wastewater project
The European Investment Bank (EIB) has signed a 35 million euro ($38.9 million) loan deal with the city of Belgrade to finance the construction of sewerage system and a wastewater treatment plant in the Palilula municipality of Serbia's capital, the lender said. In addition to the EIB loan, the investment will benefit from a 1.1 million euro technical assistance grant, provided under the Economic Resilience Initiative (ERI) to support Belgrade city in better preparing and implementing the project, while the remaining share of a total 52 million euro in financing will be provided by the municipal budget, the bank noted. This is potential a job for Jedinstvo Sevojno (JESV), which can appear as a subcontractor in some phase.
Almost half a million people in Serbia live below absolute poverty
In 2018, 7.1 percent of Serbia’s population, or almost half a million of some seven million people, lived on less than 105 Euros a month which was the bottom line of the absolute poverty, according to an analysis by the Government’s Team for Social Inclusion and Reducing Poverty in Serbia (SIPRU), the FoNet news agency reported on Thursday. Although the percentage of poverty among children was lower compared to 2017 (7.8 instead of 9.5 percent), they remained endangered above an average level. The Team’s analysis also showed that the population living outside the cities and towns were twice as much more impoverished than those in urban areas – 10.4 against 4.8 percent.
Stocks rise after strong Netflix and Morgan Stanley earnings, Brexit deal hopes increase; European stocks close slightly higher as UK lawmakers cast doubt on Brexit deal
Stocks rose on Thursday after strong earnings results from companies such as Netflix and Morgan Stanley. Investors also digested news of European Union and the U.K. striking a deal on Brexit.
The Dow Jones Industrial Average climbed 27 points, or 0.1% after rising as much as 110.18 points earlier in the day. The S&P 500 gained 0.3% while the Nasdaq Composite advanced 0.4%.
Netflix shares rose 2.5% after the video streamer posted earnings that topped analyst expectations. The company reported a bigger-than-expected increase in international paid subscribers, which mitigated a big miss in domestic subscriber adds.
Morgan Stanley also got a boost from its quarterly numbers, closing 1% higher. The bank’s results got a boost from stronger-than-anticipated trading and advisory revenues.
European stocks gave up earlier gains on Thursday as British lawmakers cast doubt on a draft Brexit deal agreed between the U.K. and the European Union. The pan-European Stoxx 600 closed provisionally 0.1% higher by Thursday’s close, with healthcare and financial services stocks leading gains while food and beverages incurred the heaviest losses, slipping 0.8% lower.
Ericsson, Elisa and Tele2 shares all jumped sharply after reporting strong third-quarter earnings, Ericsson leading the way with a 6% gain. Earnings news also dominated the bottom of the European blue-chip index, with Swiss software company Temenos plunging 15% after missing expectations.