Daily news - 28.02.2019
Published: 28. 02. 2019

SLOVENIJA

The last day for announcing last year's rent, profits and interest

Ljubljana, February 28th - All those who sold securities and investment coupons last year still have the time to submit forecasts for the assessment of capital gains. Today, there is also the deadline for submitting a tax return for personal income tax on interest and on the disposal of derivative financial instruments, and rental income must also be reported.
Source: STA

Final offer of Mytilineos Holdings for gas-steam unit in TE-TOL within three weeks

Ljubljana, 27 February - Energetika Ljubljana, which after direct negotiations decided to buy the main equipment for the two 57 megawatt gas-steam units at Thermal Power Plant-Ljubljana (TE-TOL) from Greek Mytilineos Holdings for € 123 million, finally he expects the offer within three weeks. This will be followed by a review of the final offer and the signing of a contract for the supply of equipment.
Source: STA

INTERNATIONAL MARKETS

American Best Buy surpasses the expectations of analysts

Best Buy, a consumer electronics retailer again took analysts by surprise. In the mid-term business report in the fourth quarter of 2018, the company recorded a 2.72 dollar earnings per share, thus exceeding the expected profit of $ 2.57 per share. Sales in the last quarter of 2018 grew by 4.8% compared to the last quarter of 2017 and revenue exceeded the expected $ 14.70 billion from $ 14.80 billion. After the announcement of the results, the share jumped by 15% yesterday.
Source: WSJ

The US is currently withdrawing tariffs to $ 200 billion in Chinese goods

US Secretary of Trade Robert Lightizer announced yesterday that the US is currently withdrawing the announced tariff increase to 25% from the current 10% to $ 200 billion of Chinese imports. The Lightizer did not provide a time frame for the duration of the suspended tariff increase. In his words, both countries will increase the intensity of the negotiations in hopes of reaching a bilateral agreement. Otherwise, the US will impose the tariff increase.
Source: WSJ

North Korea and the USA on the path of denuclearization in Hanoi

US President Trump and North Korean leader Kim Jong Un met in Vietnam to continue talks on the denuclearization of North Korea. After the talks, Trump said that the speed of conversations was not of primary importance and stressed the importance of building great relationship with Kim in continuing conversations. Kim replied affirmatively to the question of whether he is prepared to give up nuclear weapons and said that he would not attend the meeting otherwise. The gradual negotiations on nuclear disarmament are likely to ease the economic sanctions that plague the North Korean economy. In his New Year's address, Kim hinted that in return, he was ready to stop the development of nuclear weapons and shut down the nuclear complex in Yongbyon. Despite a positive tone, the two leaders did not sign the envisaged joint agreement on further nuclear disarmament in North Korea. The South Korean index recorded a 1.8-percent drop on the news.
Source: MMC

SERBIA

Membership in AIIB to ensure cheaper loans

The Serbian government on Wednesday adopted a bill on approval of the terms of the Articles of Agreement of the Asian Infrastructure Investment Bank (AIIB), which currently has 93 member states. The member states also include countries outside the Asia-Pacific region, such as the UK, Germany, France, Italy, The Netherlands, Spain and others. Membership in the organization will give Serbia access to favorable loans for priority projects, the government press office said in a statement.
Source: Tanjug

Serbian average salaries rising

Serbia is seeing a trend of rising average salaries, and this trend will continue, Serbian PM Ana Brnabic said Wednesday. Speaking to reporters after a public debate on the media strategy, she said she regretted the fact the national statistical office had changed its method of calculating earnings. According to the new method, the December average salary was 443 euros and it will be 460 euros in January, she said.