Daily news - 05.09.2018
Published: 05. 09. 2018


Pahor launches consultations about new central bank governor

President Borut Pahor will meet deputy group leaders to consult about the candidates for a new central bank governor on Wednesday and Thursday.
Source: STA

Consumer prices in Slovenia up 64% since 2000

The average increase in consumer prices in Slovenia between 2000 and 2017 was just below 64%, according to a report from Eurostat released on Monday. In this respect, Slovenia trails only six countries in the EU.
Source: STA


Stocks fall on first trading day of September amid increasing trade tensions with Canada and China; Europe markets tumble by the close as trade, emerging market turmoil knock confidence

Stocks fell on Tuesday as trade tensions between the U.S. and key partners increased to start off the one of the toughest parts of the year for equity investors. The S&P 500 pulled back 0.2 percent to close at 2,896.72 with telecom and real estate lagging. The Nasdaq Composite dipped 0.2 percent to 8,091.25, led by a decline in Facebook shares, which counterbalanced a gain in Amazon that made it the second U.S.-company to reach $1 trillion in market cap. The Dow Jones Industrial Average slipped 12.34 points to 25,952.48 as Nike and Verizon lagged. Facebook shares dropped 2.6 percent after analysts at MoffettNathanson downgraded them to neutral from buy. The analysts cited a ""toxic brew"" of slowing sales growth and regulation risk. Nike's stock fell 3.2 percent amid backlash over a campaign featuring Colin Kaepernick, a former San Francisco 49ers quarterback. Kaepernick has been a polarizing figure since 2016, when he decided to kneel during the national anthem as a protest to racial injustice. Dow-member Verizon dropped more than 2 percent after analysts at Barclays downgraded them to equal weight from overweight. The analysts pointed to the stock's high valuation, with caps ""upside potential."" Amazon shares rose as much as 1.9 percent, briefly pushing the company's market cap to $1 trillion. The milestone comes about a month after Apple, another tech giant, became the first U.S. publicly traded company to reach $1 trillion in market cap. European stocks finished Tuesday deep in the red, amid fears of a crisis in emerging markets and trade tensions between the U.S. and major economies. The pan-European Stoxx 600 slipped to a two-month low during trade, finishing the session provisionally 0.7 percent lower, with almost all sectors seeing red. Banking was the only sector to post solid gains by Europe's close, amid a flurry of ratings upgrades. Spain's Caixabank and Italy's UBI Banca were some of the top sectoral performers, both jumping over 4 percent, after brokers upgraded and raised their price targets for the stocks. In individual stock news, French reinsurance firm Scor soared 9.5 percent, making it Europe's top STOXX 600 gainer, after disclosing that it had turned down an 8.2 billion euro ($9.5 billion) takeover offer from privately held insurer Covea. Shares rose on speculation of a higher bid for the reinsurer.
Source: CNBC


Metalac has patented pressure cooker with display screen

The Intellectual Property Office of Republic of Serbia has announced a new patent from the Metalac cookware factory from Gornji Milanovac (MTLC). The name of the new product is High pressure cooker with glass display screen for home use - RN 12778. and it is a container which enables to remotely monitor and control cooking beans, potatoes or cabbage without having to lift the lid and check. Metalac factory has a 55-year experience in cookware production and it's one of the best European factories in its area of business. It exports 70% of their cookware to 25 countries, which is about 6 million pieces of cookware that are distributed to buyers in EU and Russia.
Source: Ekapija 

Construction of Ruma–Sabac highway and Sabac-Loznica high-speed route to start in first half of 2019

Sabac highway and a high-speed route between Sabac and Loznica which Azerbaijani company Azvirt will work on, could start as early as the first half of 2019 , it was concluded at the first session of the working group for the project realization. Ambassador Of Azerbaijan To Serbia, H.E. Eldar Hasanov, said that they made the decision to grant EUR 210 million loan to Serbia and that Azerbaijani side was ready to help prepare the project technical documentation .
Source: SeeNews

Serbia's 158 MW Cibuk I wind farm on schedule to start production in 2019

Serbia's 158 MW Cibuk I wind farm, a collaboration between Masdar, Taaleri Energia and the German development finance institution DEG, is on schedule to start production next year, Masdar said on Tuesday. Cibuk 1 in Dolovo, situated 50 km outside the capital Belgrade, has completed the construction of 33 overhead pylons allowing for the energisation of the wind farm’s substation, its connection to existing transmission lines 11 km away, and the handover of the transmission operation building to its operator, Masdar said in a statement.
Source: SeeNews

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