SSH's net profit up last year
Slovenian Sovereign Holding (SSH) recorded a net profit of EUR 41.8m last year, according to unaudited and unconsolidated data, which is 30.8% more than in 2017. Operating revenue almost doubled to EUR 13.5m, SSH said on Monday.
Dow rallies more than 300 points to start off new quarter on strong US and China data; European markets close higher on strong China, US data
Stocks jumped on Monday as strong manufacturing data out of the U.S. and China eased worries of a possible global economic slowdown. The Dow Jones Industrial Average rose 329.74 points to 26,258.42, led by gains in United Technologies, Caterpillar and J.P. Morgan Chase. Monday’s session also market the Dow’s first close above 26,000 since Feb. 26. The S&P 500 climbed 1.2 percent to 2,867.19 as the financials sector outperformed. The Nasdaq Composite closed 1.3 percent higher at 7,828.91 on gains from Facebook, Amazon, Netflix and Alphabet. U.S. manufacturing activity expanded last month, rebounding from its lowest level since late 2016, according to data from the Institute for Supply Management. The Dow and S&P 500 jumped to their highs of the day on the data. In China, the Caixin/Markit Manufacturing Purchasing Managers’ Index jumped to 50.8 in March — its highest level in eight months — after economists polled by Refinitiv expected a print of 49.9. A number above 50 indicates expansion; a number below 50 shows contraction. European stocks jumped Monday, as investors in Europe digested stronger-than-expected manufacturing data from first China and then the United States. By the close, the pan-European Stoxx 600 was provisionally 1.2 percent higher with almost every sector in positive territory. Auto stocks also rose sharply. The sector was also reacting to weekend reports that Fiat Chrysler and PSA Group are exploring ways to cooperate in Europe. In individual stock news, easyJet sank more than 8.5 percent. This was after the airline said that Brexit uncertainty had led to softer ticket pricing and that its outlook for the second half of the year was “more cautious.”
Serbian exports 7.1 pct up in first two months of 2019
Serbia's January-February 2019 external trade volume rose 9.8 pct to 6.01 bln euros y-o-y, while exports were 7.1 pct up, totalling 2.53 bln euros. Imports in the period were worth 3.47 bln euros, which was a 11.7 pct increase y-o-y, the national statistical office said in a statement. The external trade deficit was at 936 mln euros, or 26.5 pct up y-o-y. The import-to-export ratio was 73.1 pct, down from 76.2 pct in the same period of last year.
Shandong Linglong investment can affect Volkswagen too – 13 million tires to be produced in Zrenjanin by 2025
Our coming to Serbia sends a good message to all investors and also affects Volkswagen, which will be looking at the situation, Linglong Tyre Chairman Wang Feng said after a cornerstone for a Linglong plant was laid in Zrenjanin at the weekend. He expects production will be possible at the end of next year despite being slated to start in 2021. ""The factory's capacity will be 13 mln tyres a year, which we will achieve in 2025,"" Wang said, adding that tyres produced in Zrenjanin would be marketed in North Africa, Europe and North America.
Average monthly household budget at RSD 63,734
Average monthly household budget in 2018 was at RSD 63,734 or EUR 540, according to the latest report from Serbian Statistical Office. The amount is 3.8% higher in nominal terms vs. 2017 average. On the other side, average monthly personal consumption costs per householder were at RSD 64,481, the same source says.
Source: Tanjug, Ilirika