After Tuesday's work meeting of the members of the Slovene business delegation with the Minister of Economic Development and Technology of the Republic of Slovenia, Mr. Zdravko Počivalšek, and the reception with the Slovene Prime Minister, Mr. Miro Cerar, a "Business forum" was held in Skopje yesterday, organized by the Economic Chamber of Macedonia (ECM) and the Chamber of Commerce and Industry of Slovenia (CCIS). The PanSlovenian Investors’ and Shareholders’ Association (VZMD) President, Mr. Kristjan Verbič, participated in the high-level meeting mostly to present the activities and opportunities offered by the international business-investor programs of the VZMD: Invest to Slovenia – investo.si and International Investors' Network – invest-to.net.
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BRUSSELS, BELGIUM - "Share SUPPORT" aroused an enthusiastic response at the international conference "Investor Education in a Digital World" at the headquarters of the Federation of European Securities Exchanges
In Brussels, Belgium, at the headquarters of the Federation of European Securities Exchanges (FESE), a conference on investor education "Investor Education in a Digital World" was organized last Friday by the European Federation of Investors and Financial Services Users (BETTER FINANCE), in which the VZMD President, Mr. Kristjan Verbič, who is a member of the executive board of this influential European federation, also actively participated. In the morning, Mr. Verbič introduced the participants from 22 European countries to the VZMD's "Share SUPPORT" scheme (English VIDEO), which received support from the European federation since it was established in September 2016. With this presentation the "Share SUPPORT" again received great interest which was also shown for such ownership arrangement (and shared sales) regarding securities in other EU countries. At the same time, a concern was expressed regarding the renewed (VIDEO) attempts at amending the legislation - with the intent of abolishing the only alternative to (too) expensive services of financial intermediaries - and subsequent eradication of small shareholders in Slovenia, in spite of exceptional demonstrated success, when the shareholders of many companies were able to sell their securities at all, often at a several times higher price than offered.
PRISTINA - business delegation accompanies the Slovene Minister of Foreign Affairs visiting his Kosovo colleague - considerable interest expressed also for the VZMD international business-investor programs
On Monday, the Slovene business delegation arrived to Pristina, accompanying the Deputy Prime Minister and Minister of Foreign Affairs of the Republic of Slovenia, Mr. Karl Erjavec, on his official visit, at the invitation of the First Deputy Prime Minister and Minister of Foreign Affairs of the Republic of Kosovo, Mr. Behgjet Isa Pacolli. The visit was organized jointly by the Ministry of Foreign Affairs, the public agency SPIRIT Slovenia, the Slovenian Business Club in Pristina (EAC), and the Chamber of Commerce and Industry of Slovenia (CCIS). In addition to the meeting of the joint commission for economic cooperation between Slovenia and Kosovo, Monday and Tuesday saw a number of events and activities aimed at fostering the economic cooperation between the two countries. The individual presentation programs were followed by a reception at the residence of the Slovene ambassador in Pristina, while Tuesday was dedicated to the resounding Kosovo-Slovenia Economic Forum.
IT'S A TOPSY-TURVY WORLD! Financial industry lifts legal limitations on brokerage firms expenses through CONSTITUTIONAL COURT - VZMD's "Share SUPPORT" remains the only alternative for minority shareholders avoiding unrestrained intermediaries expenses
In the procedure for the review of the constitutionality, initiated by brokerage firm ALTA INVEST, d.d. (in collaboration with ILIRIKA d.d., GBD BPD d.d., and NLB d.d.), the Constitutional Court of the Republic of Slovenia decided to repeal the Book Entry Securities Act (ZNVP-1) in the part limiting the expenses for trading account management for natural persons to a maximum of 0.5% of the average share price on the account. This is yet another serious and possibly crippling blow to over 100,000 minority shareholders in the Republic of Slovenia, mostly those, who had to transfer their shares from free-of-charge registry accounts to payable trading accounts due to the amendment of ZNVP-1. It was also thanks to the PanSlovenian Investors' & Shareholders' Association (VZMD) protest and appeal that in September 2015 members of the Parliament included in the Act at least the limitation on the amounts charged by financial intermediaries, which the latter have now abolished through the Constitutional Court!
NATIONAL ASSEMBLY - Through the amendment to the Financial Instruments Market Act, the Slovenian Government once again attempts to suspend "Share SUPPORT", which worked well for more than 1,500 shareholders whose registry accounts have been abolished - VZ
Last week, Mr. Kristjan Verbič, President of the PanSlovenian Investors’ & Shareholders’ Association (VZMD), sent an official letter to the Speakers of the National Assembly and the National Council of the Republic of Slovenia, leaders of deputy groups, and presidents of parliamentary parties. The letter included his well-supported objections to the proposal for the change of Paragraph 10 of Article 296 of the amendment to the Financial Instruments Market Act (ZTFI-1) as proposed by the Government of the Republic of Slovenia. The experts from VZMD firmly believe that the suggested change, which came only a year after the last aggravation of the situation, is evidently a new attempt to suspend the successful program called "Share SUPPORT" (VIDEO) and a step towards implementing additional unreasonable limitations to the lawyer's trust account of securities used for executing shared sales. These sales proved to be an extremely efficient part of the "Share SUPPORT" (VIDEO). In December 2017 alone, resounding shared sales were executed for shares, which up until that moment were considered worthless, yet brought to 1,100 shareholders collectively more than EUR 260,000 from sales. The realized values of such shares always significantly exceeded (sometimes even by six times) the previous market values attained by "professional" financial intermediaries.
BRUSSELS, 14 February ‒ EUROPEAN COMMISSION NOMINATES BOŠTJAN JAZBEC, THE GOVERNOR OF THE BANK OF SLOVENIA CURRENTLY UNDER CRIMINAL INVESTIGATION, AS A BOARD MEMBER OF THE SINGLE RESOLUTION BOARD. FINAL APPROVAL TO BE VOTED BY THE EUROPEAN PARLIAMENT
THE GOVERNOR PULLS UP STAKES ‒ After the institutional robbery of the century in Slovenia, the Governor retreated to a sinecure with the higher authorities, where he would be as a Board member of the Single Resolution Board ‒ the central resolution authority within the Banking Union ‒ in charge of resolution planning and decision-making, of "bank bailouts with minimum consequences for taxpayers" – AN OVERVIEW OF HIS OUTSTANDING REFERENCES for the EUROPEAN PARLIAMENT
MALTA ‒ official visit of Slovene delegation to the President of the Republic of Malta ‒ beside exceptional humanitarian potential and efforts there was also the opportunity to establish and strengthen business and personal relationships at the highest le
The past weekend, the president of the Republic of Malta, Her Excellency Marie-Louise Coleiro Preca, has hosted the Slovene delegation ‒ the representatives of the Hiša Sonca society and the Druga Violina restaurant, who were on a three-day official visit to the presidential palace. On Saturday, they organized a high-profile charity dinner and formal reception together with the Maltese "Malta Community Chest Fund Foundation" society (MCCFF). The reception took place in support of efforts by Maltese hosts to follow the successful Slovene example and establish a concept of a restaurant which also employs special needs persons.
A promising visit from a high-level business delegation to accompany the joint meeting between the governments of the Republic of Slovenia and the Republic of Serbia and a high-profile business conference held by the British-Slovenian Chamber of Commerce
Last Thursday, accompanying the visit from a high-level business and political delegation from the Republic of Serbia, and following the joint meeting of both governments in Brdo pri Kranju, an important business conference took place at the Chamber of Commerce and Industry of Slovenia (CCIS), attended by more than 200 of the most prominent representatives from Slovene and Serbian enterprises, numerous ministers, and other prominent guests from both countries.
VIDEO REPORT - Opening of the "SLOVENIA BUSINESS CENTER" during the European handball championship with active participation of VZMD international programs
VIDEO: www.youtube.com/watch?v=I8lFOoKI-5E
Other Related International Activities:
EXCLUSIVE VIDEO REPORT from Wroclaw - 4 days of exceptional opportunities in »Slovenian Center«, juncture for business, investment and promotional interests
SLOVENIAN CENTER IN WROCLAW - large attendance and numerous opportunities for Slovenia's promotion, as well as promising business collaborations, also within the VZMD's business-investor programs and the premiere of its PRESENTATIONAL VIDEO
VIDEO INVITATION – Opportunity for company presentations - »SLOVENIAN BUSINESS CENTER« at the European handball championship
VIDEO REPORT from 10th Bled Strategic Forum - the largest foreign affairs event in Slovenia
VIDEO REPORT on the 6th this year's tour of the VZMD's international business-investor programs and its focal part - business angels delegation in Albania, Kosovo and Macedonia
EXCLUSIVE VIDEO REPORT from Istanbul - the European Business Angels Investment Forum 2014
EXCLUSIVE VIDEO REPORT about the week of the MOSCOW-VIENNA-CAPETOWN conferences involving the following: active participation of the international business-investment VZMD programmes, signing a memorandum with the Russian Federation of Investors, and protection of rights of the Slovene and European shareholders at the Viennese conference »The Financial Repression of Savers and Investors« (Moscow, Vienna, Cape Town, October 2013)
MOSCOW – At the Slovenian Embassy about a joint investors’ conference in the fall – an arrangement between the Russian Federation of Investors, VZMD and the Slovenian Embassy (Moscow, June 2013)
KAZAKHSTAN – a successful visit of the Slovenian business delegation in Kazakhstan – strong interest displayed in the international investors’ programs of the PanSlovenian Shareholders’ Association (VZMD): investo.si and investo.international (Astana, Almaty, June 2013)
WORLD BANK – President of VZMD and EuroFinUse Board Member speaker of the first panel at the international conference about audit reform and the importance of audit committees (Bucharest, June 2013)
VIDEO REPORT – Variegated happening at the 19th financial fair KAPITAL 2013 at Cankar Hall, along two-day presentation of the international investors’ programs and the lecture of VZMD President (Ljubljana, April 2013)
INDIA – visit of Slovenian government and business delegation – on the basis of Memorandum between ICPE and VZMD international investors' programs investo.si and investo.international also present (New Delhi, February 2013)
EXCLUSIVE VIDEO REPORT of “International Conference on Benefits and Challenges of Public Private Partnerships for improving Energy Efficiency” – key statements of prominent participants (Ljubljana, October, 2012)
EXCLUSIVE VIDEO REPORT from Slovenian - Azerbaijani Business Forum in Baku (Baku, January, 2013)
EXCLUSIVE VIDEO REPORT - Investors' week and the view of business potentials and investment opportunities during the visit of distinguished international guests at the Slovenian coast (Postojna, Koper, Piran, September, 2012)
VIDEO REPORT "Ljubljana declaration" – historic decision on unification of 50 organizations of shareholders and investors under one association and VZMD award »Polet« for »Model corporate governance in multinational corporation« to Gorenje company (Ljubljana, September 21, 2012)
Gala reception and dinner before International Conference on financial education and investors` exposition »investo Expo« (Ljubljana, September 19, 2012)
VIDEO REPORT - International Conference at the Brussels Stock Exchange Stimulated Investors' Representatives and Institutions to Participate at the Investors' Week 2012 in September in Slovenia(Brussels, March 2012)
"Slovenian Day at the Warsaw Stock Exchange (WSE)" Exceptional Interest of Funds, Investors, and the Financial Media for Slovenian Companies and Its Investment Environment - The Introduction of investo.si - Invest to Slovenia's Newly Founded Affiliate, investo.me - Invest to Montenegro (Warsaw, October 2011)
www.vzmd.si – More on the VZMD – PanSlovenian Shareholders' Association
www.vzmd.tv and www.investo.tv – Over 300 videos from VZMD.TV and investo.tv
www.investo.si – More on the investo.si – Invest to Slovenia Program
www.invest-to.net – More on the network of 65 national organizations of shareholders and investors – investo.international