Daily news - 18.11.2019
Published: 18. 11. 2019

SLOVENIA

Iskratel looking for strategic partner

Telecoms equipment maker Iskratel generated EUR 4.02 million in net profit at group level in 2018, a 21.2% increase on the year before. Looking to keep up with the latest trends, the company has announced changes to its organisation and business model, while it is also looking for a strategic partner. (STA)

Slovenian FDI growth steady

 Foreign direct investment (FDI) in Slovenia continues to rise, albeit at a slower pace than last year. In the first nine months of the year EUR 808 million in inbound FDI flows was recorded, compared to EUR 884 million in the same period of 2018. (STA)

INTERNATIONAL MARKETS

As further chaos hits Hong Kong, US senators are considering a special bill

The Senate could pass legislation today that would ensure regular checks on Hong Kong, and help the territory retain enough autonomy to warrant its special trade status. China would not be pleased. (Quartz)

European Central Bank officials discuss the eurozone economy

Three members of the ECB are giving speeches today. But more importantly, traders are awaiting ECB president Christine Lagarde’s first major policy speech on Friday. (Quartz)

SERBIA

Serbian exports to total 24 bln euros this year

Serbian exports in 2019 will reach 24 bln euros, which is 3 bln euros higher than last year, says Milan Trajkovic, deputy head of the National Bank of Serbia (NBS) Economic Research and Statistics Department. Exports of goods picked up slightly from 8.3 pct last year to 8.5 pct in 2019, while exports of services accelerated from 14.4 pct to 17.4 pct, Trajkovic said Thursday at the presentation of the November inflation report. Commenting on the eurozone economic slowdown, Trajkovic responded it certainly had an adverse effect on Serbia, which he said was not "an isolated island." (Tanjug)

Fixed investment to account for around 23% of gross GDP

Fixed investment in Serbia will grow at a rate of 10.3 pct this year and likely account for 23-23.2 pct of the country's gross GDP, the National Bank of Serbia (NBS) has announced. For the first time since this issue was raised, the share of fixed investment has risen from below 18 pct to almost 22 pct, Milan Trajkovic, deputy head of the NBS Economic Research and Statistics Department, said Thursday at the presentation of the November inflation report. (Tanjug)

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