SERBIA:

Messer Tehnogas doubles earnings in 2017 – Net profit rises to RSD 2 billion
The Belgrade-based producer and distributor of technical gases, Messer Tehnogas (TGAS), realized record non-consolidated financial results in 2017, as shown by the company's financial report, published on the Belgrade Stock Exchange. The company's non-consolidated operating income rose by 4.9% to over eight billion dinars, whereas the operating profit jumped by 17.3% to RSD 1.9 billion. Thanks to high revenues from the collection of previously written off claims (RSD 537 million), the net profit more than doubled to over two billion dinars. The company remained free of both short-term and long-term credit liabilities at the end of 2017.
Source: Ekapija

Indian company buys IMT – TAFE to restart production in new location
Industrija Masina i Traktora (IMT) Belgrade in bankruptcy was sold today to the Indian company TAFE at the initial price of around RSD 66 million. The Indian company, which produces tractors and other agricultural machines, was the only bidder at the auction and is also IMT's partner of many decades. TAFE manager for Europe, Kamal Ahuja, said that tractors of this brand would be produced in Serbia and sold in southeast Europe and then in other markets as well.
Source: Ekapija

Left tube of Brancic tunnel excavated – Corridor 11 to be completed in 2024
The left tube of the Brancic tunnel on the section of Corridor 11 from Lajkovac to Ljig was excavated on Friday, March 30, 2018. The right tunnel tube was excavated in August 2017. The tunnel is around 950 meters long, and the value of the works on the tunnel is USD 37 million. The construction is carried out in three shifts, with 280 workers. The Lajkovac-Ljig section is 24 kilometers long and the main contractor is the Chinese Shandong Hi-speed Group, which is also building the 26.23-km Obrenovac-Ub section.
Source: Ekapija

INO:

Dow tanks more than 450 points, Amazon leads tech lower
On the first trading day of April, which is also the first trading day of the second quarter, stocks tanked thanks to a combination of anxiety about a trade war, and fears about the tech industry getting hit with regulation. The Dow Jones industrial average plunged 1.9, with Intel as the worst-performing stock in the index. The S&P 500 dropped 2.2 percent, while Nasdaq composite dropped 2.7 percent as Amazon declined 5.2 percent, since Donald Trump tweeted on Saturday the company was scamming the U.S. Postal Service.
Intel dropped 6.1 percent after Bloomberg reported Apple would use its own chips for Mac computers, ditching Intel. The Dow hit its lows of the day on the back of the report.
Traders also fretted over the possibility that a trade war may be brewing. China announced overnight Monday it had implemented tariffs on 128 types of U.S. imports. The goods hit with the charges the list of products proposed by Beijing in March and comes as a direct response to Trump signing off on tariffs on imported steel and aluminum last month.
European markets were closed yesterday.
Source: CNBC, Ilirika