INO:

Dow falls more than 100 points amid first US case of coronavirus, big decline in Boeing; European stocks close lower on China virus concerns

Stocks pulled back from record levels on Tuesday after the Centers for Disease Control told Reuters that a traveler from China was diagnosed with the first U.S. case of coronavirus in Seattle. The Dow Jones Industrial Average fell 152.06 points, or 0.5% to 29,196.04 and dropped as much as 201.63 points. The S&P 500 slid 0.3% to 3,320.79 while the Nasdaq Composite dipped 0.2% to 9,370.81. The Dow snapped a five-day winning streak while the S&P 500 and Nasdaq posted their first loss in four sessions.
Boeing shares added to the downturn, falling more than 3% on news the company doesn’t expect regulators to sign off on the beleaguered jet, the 737 Max, until June or July. The shares were briefly halted.
European stock markets traded lower on Tuesday as the World Economic Forum (WEF) got underway in Davos, Switzerland, after concerns over a new strain of pneumonia in China hit risk assets. The pan-European Stoxx 600 pared early losses to trade just 0.19% lower by the closing bell. Basic resources were the worst performing stocks, falling 1.2%, while financial services srocks logged 0.6% gains.
UBS shares fell by 4.5% after the Swiss lender missed its key 2019 profit targets and cut its midterm guidance, while steelmaker Evraz shed 5.7%.
Near the top of the European benchmark, Hugo Boss shares gained 6.8% after the German fashion house reported better-than-expected fourth-quarter sales growth.
Source: CNBC

SERBIA:

Serbia repaying old debts regularly

A total 241.64 mln euros worth of Serbia's old loans - principal and interest - matures in 2020, according to National Bank of Serbia (NBS) records of debts from the era of the former Yugoslavia, which Serbia will be repaying until 2041. This does not include a debt to Libya, which was highlighted in the latest IMF report but remains unsettled due to clashes in the country. According to NBS accounting records, the principal of the debt to Libya, which has been a subject of bilateral intergovernmental talks, totals 44.66 mln dollars, as agreed with the Libyan central bank on May 17, 2015.
Source: Tanjug

Belgrade to get waste water treatment system – First phase to cost EUR 271 million

Deputy Prime Minister and Minister of Construction, Transport and Infrastructure, Zorana Mihajlovic, signed on 20th January, together with the Director of Representative Office of China Machinery Engineering Corporation (CMEC) in Serbia, Li Xueqiang, and the Director of PUC "Belgrade Water Supply and Sewerage", Dragan Djordjevic, the agreement on cooperation for the project of collection and treatment of waste waters within the central sewerage system of the City of Belgrade. The project will be worth EUR 271m and it will represent an opportunity for domestic companies such Jedinstvo Sevojno (JESV).
Source: Ekapija

One hectare of land in Serbia costs up to 20,000 euro

One hectare of agricultural land in Serbia could be as twice as expensive as the regional average and the prices range from €10,000 to €20,000, with the expectation of further growth in the future. In some parts of the country, the price of land rent has also doubled in the last five years. Because of this unrealistic and unjustified trend, many people are giving up farming. The president of the Farmers’ Association, Miroslav Kis, points out that in Romania, Hungary or Croatia, land of the same category and class is less expensive.
Source: Serbianmonitor