News

The PanSlovenian Investors` & Shareholders` Association (VZMD) welcomes the Initiative to deputies to submit a proposal to adopt an authentic interpretation of the Book Entry Securities Act (ZNVP-1) submitted last week by the Slovenian Consumers' Association (ZPS), a European Consumers' Organisation (BEUC) member, to the National Assembly of Republic of Slovenia. In the initiative, they suggest that the deputies submit a proposal to accept an authentic interpretation of the Act where paragraph 4 of Article 48 of ZNVP-1 is interpreted in a such a way that the consumers will actually be protected against prohibitive costs of opening and closing of, as well as operations, on a trading account.

Yesterday, the 6th Ljubljana Forum began at the Ljubljana Castle which this year focuses on the future of smart and green cities. The forum was opened by Mr. Zoran Janković, the Mayor of Ljubljana, Mr. Tomaž Berločnik, Chairman of the Board of Petrol, Mr. Joris Scheers, the President of the European Council of Town Planners, and Mr. Blaž Golob, the President of Ljubljana Forum. The participants were addressed via a videoconference by Mr. Miro Cerar, the Prime Minister of the Republic of Slovenia.

In parallel with the international conference of the European Federation of Investors and Financial Services Users (Better Finance) on Tuesday in Brussels, the VZMD President, Mr. Kristjan Verbič, also met with the Vice-President of the European Commission and Commissioner for Euro and Social Dialogue as well as for Financial Stability, Financial Services and Capital Markets Union, Valdis Dombrovskis. After Briton Jonathan Hill resigned from the office of the Commissioner for Financial Stability, Financial Services and Capital Markets Union, Commissioner Dombrovskis is now in charge of two commissioner areas.

A meeting of the European Federation of Investors and Financial Services Users (Better Finance) began in Brussels yesterday which was attended by the member of its Executive Board and the PanSlovenian Investors' & Shareholders' Association (VZMD) President, Mr. Kristjan Verbič. In addition to numerous bilateral and multilateral meetings held by representatives of investors' and shareholders' associations from all of Europe, the meetings of the Executive Board and the Legal Committee took place yesterday, followed by a gala dinner with a number of prominent guests. The General meeting and an international conference which will be attended by the European Commission Vice-President, and Commissioner for Euro and Social Dialogue, and Financial Stability, Financial Services and Capital Markets Union, Valdis Dombrovskis, Chair of the European Insurance and Occupational Pensions Authority (EIOPA), Gabriel Bernardino, Director General of Federation of European Securities Exchanges (FESE), Rainer Riess, CEO of Euronext, Stéphane Boujnah, will be held today.

During the return visit of the Chinese economic delegation from Ningbo, a city with the population of 7.6 million, the main business and investment forum was held yesterday in Hotel Union in Ljubljana. The introductory speeches were delivered by the Ambassador of the People's Republic of China, His Excellency Ye Hao, the President of the National Council of the Republic of Slovenia, Mr. Mitja Bervar, Mr. Pan Yingming, Ningbo Overseas Investment Promotion Division, a SPIRIT Slovenia representative, Ms. Tanja Drobnič, the Mayor of Ajdovščina, Mr. Tadej Beočanin, the adviser to the Mayor of the City of Koper, Mr. Marko Vidnjević, and the adviser to the Mayor of the City of Maribor, Mr. Marko Kovačič.

On Friday, Paris hosted the international conference »Joint ESAs Consumer Protection Day 2016«, which was inaugurated by the ESA committee and EIOPA Chairman, Gabriel Bernardino, and the Director General of the Directorate-General for Financial Stability at the European Commission, Olivier Guersent.

A meeting of the Corporate Finance Standing Committee (CFSC) and its consultative working group (CFSC CWG) took place yesterday in Paris at the headquarters of the European Securities and Market Authority (ESMA), and was actively attended by the VZMD President, Mr. Kristjan Verbič, as a Committee member.

Yesterday and today Bled has hosted the 11th Strategic Forum Bled, which was this year titled "Safeguarding the future" and was dedicated to receiving responses to current challenges which have shaken the foundations of our collective security. While the forum addressed the issues such as disintegration or integration of the EU, energy geopolitics and situation on the West Balkans, the business part of the forum was focused on the digital transformation of the society, smart cities concept, mobility and the future of automotive industry as well as security and sustainability in tourism. (VIDEO from the last year's forum – investo.TV)

After the Securities Market Agency (ATVP) rejected VZMD's request to participate in the takeover procedure with reference to the announcement of the takeover intent by the company Mlino d.o.o. (mainly owned by Mlinotest management board members!) to repurchase the shares of the company Mlinotest d.d., rejected the request to access the takeover procedure file, and - despite justifiable warnings by VZMD - issued the permission for the takeover bid for the repurchase of Mlinotest shares at the price of EUR 1.10 per share, this month VZMD initiated appropriate proceedings against ATVP before the Administrative Court.

On Saturday, the deadline for submitting comments on  the Bill on amending Book Entry Securities Act(ZNVP-1A) expired. Therefore, on Friday, the PanSlovenian Investors` & Shareholders` Association (VZMD) President, Mr. Kristjan Verbič, responded to the letter and positions, delivered to the Prime Minister of the Republic of Slovenia, the Ministry of Finance and the National Assembly of the Republic of Slovenia by the civil front »Primorska has risen«, Coastal trade union organization KS90, Trade union of crane operators of marine activities, Trade union of port workers of Slovenia OSO KS90, and »Puntarji (Rebels)«movement. The above mentioned organizations have expressed their firm disagreement with Article 48 of ZNVP-1, and the positions - after being received for information only - were endorsed and additionally clarified also by VZMD.

The proposed Article 48a provides that the Slovenian Sovereign Holding (SDH) which will be the future(?!) "demographic reserve fund" - in addition to securities which remain unacquired from the court deposit after 5 years (after recent cancellation of about 250,000 registry accounts with KDD (Securities Clearing Corporation)) - would also be entitled to receive all forsaken securities.

After Tuesday's announcement of the takeover bid for the repurchase of shares of the company Mlinotest d.d., the PanSlovenian Investors` & Shareholders` Association (VZMD) President, Mr. Kristjan Verbič, sent the Securities Market Agency (ATVP) aNotice about highly questionable financing of the attempt to acquire the company Mlinotest d.d. by the company Mlino d.o.o. (which is mainly owned by the management of Mlinotest) and persons acting in line with the company.

INVESTO.TV

 
VZMD EuropeanShareholders WFI investo.international investome_logo betterfinance eurofinuse
investo.international project is run under close supervision of the PanSlovenian Investors' & Stakeholders' Association and strong support of project partners.
All images are copyright to their respective owners.
Copyright © 2025 investo.international. All Rights Reserved.