INO:

European stocks close higher as traders monitor coronavirus

U.S. markets were closed Monday for the President’s Day federal holiday. European stocks closed higher Monday after China’s central bank cut interest rates in a bid to aid its economy amid the coronavirus outbreak. The pan-European Stoxx 600 closed provisionally up more than 0.3% after hitting a record high earlier in the session. Autos climbed 1.2% to lead gains while tech stocks bucked the risk-on trend to fall 0.3%.
Corporate earnings remain in focus. French auto parts maker Faurecia said market conditions would be tough in 2020 despite reporting a rise in full-year net profit and sales on Monday morning.
Semiconductor stocks tumbled, with STMicro, ASMI, AMS and Dialog Semiconductor all falling more than 2.5%. It comes after Reuters reported Monday afternoon, citing sources, that proposed manufacturing equipment limits could impact the semiconductor industry beyond China.
Source: CNBC

SERBIA:

Serbia considering issuing yuan-denominated securities

Serbia is considering issuing financial instruments denominated in the Chinese yuan for the financing of the public debt, stated Serbian Finance Minister Sinisa Mali, as reported by Indikator.ba. The government is considering issuing green bonds in the local or international market in 2021 and yuan-denominated securities in the upcoming years, Mali said. In turn, Serbia's bonds denominated in the local currency could be included in the J.P. Morgan Government Bond Index – Emerging Markets (GBI-EM) within two months of being included on the monitoring list, Mali said.
Source: Ekapija

Expansion of terminal planned at Nikola Tesla Airport – Inserted runway, hotel, shopping center, BG Voz underground station... to be built

According to the Detailed Regulation Plan for the Nikola Tesla Airport, the construction of another inserted runway, as well as a hypermarket, outlet and retail parks, a hotel and a congress-business center, is planned. An underground railway station is also planned within the complex. The initiative for the preparation of the Plan was launched by AD Aerodrom Nikola Tesla Beograd. For the part of the plan pertaining to the existing complex of the airport, based on the strategy of development which defines the reconstruction of the runway and the implementation of an inserted runway by 2043, the concessionaire and operator of the Nikola Tesla Airport, VINCI Airports Serbia (Belgrade Airport doo Beograd) has prepared a spatial-program solution defining development through construction and reconstruction, maintenance and management of the infrastructure of the existing airport complex.
Source: Ekapija

MAT: Focus to shift to quality of investments

For a second consecutive year, investments in Serbia grew in 2019 at a rate that was nearly four times higher than the GDP growth rate, which means that, in case we did not last year, we will reach the optimal GDP structure this year, says Ivan Nikolic from the Institute of Economics. At last week's presentation of the new issue of the MAT monthly at the Chamber of Commerce and Industry of Serbia, Nikolic said capital expenditures had reached an optimal level of almost 5 pct of GDP. Industrial output rose 0.3 pct last year and recovered significantly last December, he noted. The taxes imposed by the Pristina administration impacted the industrial output, in particular the food industry, and there was also recession pressure from EU member states and the eurozone, especially from Germany and Italy, whose industrial activity declined, he noted.
Source: Tanjug