SLOVENIA
Pahor to present decision on central bank governor
Ljubljana, 19 September - President Borut Pahor has until today to nominate a candidate for central bank governor. However, none of the five candidates that applied to his call enjoy sufficient support in parliament.
Source: STA
Report: Bad bank's land deals investigated
Several land transactions made by the Bank Assets Management Company (BAMC) are under police investigation and subject to an audit, including the sale of land for a plant of the Japanese Sumitomo Rubber Industries, news portal Siol.net reported on Tuesday. BAMC later said it was not a suspect and was cooperating with the investigators.
Source: STA
Bad bank selling EUR 94.4m in claims to legal entities
The Bank Assets Management Company (BAMC) is selling claims to 53 legal entities. The value of the claims, being sold as a package, reached EUR 94.4m at the end of July. BAMC is collecting bids until 5 November.
Source: STA
INTERNATIONAL MARKETS
Dow surges 185 points as latest US-China trade barbs are not as bad as feared; Europe holds steady by the close as US-China trade conflict escalates
Stocks rose on Tuesday as the latest tariffs on U.S. and Chinese goods are not as bad as previously feared. Strong gains in tech also lifted the broader market. The Dow Jones Industrial Average surged 185 points as Nike and Boeing outperformed. The S&P 500 gained 0.5 percent, led by tech and industrials. The Nasdaq Composite advanced 0.8 percent as Amazon, Apple, and Alphabet closed higher. China announced tariffs targeting more than 5,000 U.S. products will go into effect on Sept. 24. The goods targeted are worth approximately $60 billion. However, China will put a 10 percent tariff on some goods it had previously earmarked for a 20 percent levy. The announcement comes after the Trump administration announced the U.S. will impose 10 percent tariffs on $200 billion worth of Chinese imports, and those duties will rise to 25 percent at the end of the year. European stocks were muted by Tuesday's market close, as investors mulled over the recent announcements from the U.S. and China in their tit-for-tat trade war. Following a choppy trading session, the pan-European Stoxx 600 index closed up 0.11 percent. Major sectors, meanwhile, were pointing in different directions when the trading day ended. Osram rose 5.87 percent after releasing an upbeat statement on its semiconductors, saying that from 2020 onwards, its Opto Semiconductors division expects revenue growth to be around 10 percent, with an adjusted EBITDA margin between 23 and 29 percent. Ferrari hosted its first capital markets day since the passing of former CEO Sergio Marchionne earlier this summer. It unveiled two new Monza models, the single-seater SP1 and two-seater SP2. Shares built upon their gains, closing up some 4 percent.
Source: CNBC
SERBIA
IFC invests EUR 190.5 million in Serbia in fiscal year 2018
The International Finance Corporation (IFC), a member of the World Bank Group, invested USD 2.9 billion in the development of the private sector in Europe and Central Asia in the fiscal year 2018, of which the most in Turkey (USD 1.1 billion), Romania (USD 336.4 million) and Serbia (USD 190.5 million). Some landmark transactions include EUR 108 million in financing to boost Serbia’s production of renewable energy through windfarms, USD 120 million in loans to increase the productivity of Ukraine’s agribusiness sector and a USD 75 million investment to support women entrepreneurs in Turkey, the IFC says in its press release.
Source: Ekapija
Fiat to stay in Serbia, and is prepping new model
Belgrade's Politika newspaper writes that it is certain a brand new Fiat model will be manufactured at the company's Kragujevac car. The model's working mark is ""601,"" according to the paper. The article added that Alfredo Leggero, head of manufacturing for EMEA region at Fiat Chrysler Automobiles, has already arrived in Serbia, as has Silvia Vernetti, who is in charge of the plant in Kragujevac.
Source: b92
Source: Ekapija
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