SERBIA:
Serbia to strenghet cooperation with FAO and EBRD in agricluture
Promoting Serbian agricultural exports, modernizing the country’s water management systems and developing food quality labelling and geographical indication schemes were at the heart of a three-way meeting today in Serbia. At the meeting, Serbia’s Ministry of Agriculture, Forestry and Water Management, the Food and Agriculture Organization of the United Nations (FAO) and the European Bank for Reconstruction and Development (EBRD) agreed to sign a Memorandum of Understanding (MoU) pointing to the continued commitment of the three partners to strengthening Serbia’s agrifood sector.
Source: Ekapija
Construction of bypass route from Ostruznica to Bubanj Potok to begin on February 1 – Section long 19.5 km, job worth USD 207 million
The construction of a bypass route around Belgrade, from Ostruznica to Bubanj Potok, will begin in early February, Deputy Prime Minister and Minister of Construction, Transport and Infrastructure Zorana Mihajlovic announced. Mihajlovic said that the 19.5-km long section, worth USD 207, million, would be built by the Azerbaijani company Azvirt, whereas the works would be supervised by the Roads of Serbia, the ministry announced. She added that the works on the section from Ostruznica to Bubanj Potok would be completed by 2020.
Source: Ekapija
Chinese company Zijin Mining interested in RTB Bor
The Chinese company Zijin Mining is interested in RTB Bor, the company's executive director, Chen Jinghe, said on Saturday, January 27, 2018. o us, it's very important for the production capacities to expand, as the expenses would drop accordingly, and for the production to expand, large investments in mechanization and production are needed, in order to build three facilities such as you had the opportunity to see at our company, as RTB Bor might be competitive in the market by increasing its capacities – he said. Chen Jinghe added that it was clear that the project was full of challenges, but that the company had a comparative advantage regarding how innovative its technology was.
Source: Ekapija
REGION:
Zavarovalnica Triglav and Luka Koper gained 0.64 and 0.61 percent
Slovenian stock market index SBITOP lost 0.21 percent yesterday and closed at 835.44 points. The stocks that gained the most were stocks of Zavarovalnica Triglav (0.64%) and Luka Koper(0.61%). At very low levels of trading Gorenje and SavaRe lost the 4.20 and 1.76 percent respectively.
Source: Ilirika
Bank association of Slovenia: Swiss francs loans are not a systemic problem in Slovenia
Bank association of Slovenia said that Swiss francs loans are not a systemic problem and that the proposed law for their resolution encourages irresponsible behavior and socializes losses.
Source: Ilirika
INO:
Dow drops 177 points on rising rate fears, European stocks close lower amid earnings
U.S. stocks posted the biggest drop of this young year after the 10-year treasury yield shot higher, raising concerns higher interest rates would snuff out the bull market. The S&P 500 declined 0.7 percent to close at 2,853.53, only its fifth down day of the year and by far its biggest. The Dow Jones industrial average fell 177.23 points to close at 26,439.48, also posting its biggest decline of 2018. The Nasdaq composite pulled back 0.5 percent and closed at 7,466.51.
When in comes to corporate reports, Lockheed Martin reported better-than-expected fourth-quarter revenue on Monday, helped by higher sales from the F-35 fighter jet program, while also forecasting a rise in earnings in 2018. Boeing, McDonald's, Apple, Chevron, and Facebook are among the companies scheduled to report later this week.
This will be a big week for Wall Street. The Federal Reserve's latest monetary policy decision is expected to be announced Wednesday. Later in the week, the U.S. government will release the latest employment figures.
European markets closed lower Monday as investors monitored fresh economic data and corporate earnings. The pan-European Stoxx 600 closed 0.19 percent lower with major bourses and most sectors in negative territory.
Austria Microsystems said its revenue for 2017 almost doubled amid robust demand for its sensors from smartphone customers such as Apple. Its shares surged to the top of the European benchmark, closing up nearly 17 percent. Dialog Semiconductor also closed near the top of the Stoxx 600, following news of a steep revenue increase from Austrain sensor maker AMS. Its shares were up nearly 1.5 percent.
Europe's banking sector closed 0.13 percent lower amid earnings news. Spanish state-owned lender Bankia cited one-off restructuring costs after it swung into the red in the fourth quarter. Its shares were over 3 percent lower on the news, having clawed back some of its losses from earlier on in the day.
Getinge reported fourth-quarter profit far below market expectations on Monday, ultimately closing trade at the bottom of the Stoxx 600. The Swedish medical technology group predicted slight growth in organic sales in 2018, although shares tumbled more than 10 percent after the earnings miss.
French pharmaceutical company Sanofi has reached an agreement on the takeover of the Belgian pharmacist Ablynx. Sanofi, who defeated the Danish competitor Novo Nordisk in the fight for Ablynx, will pay 3.9 billion euros for the Belgian company.
Source: CNBC, Ilirika