Slovenian Weekly Regional Overview 20.8.2017 - 24.8.2017
POLITICS:
Ministry team (16 positions) is slowly getting formed with key positions being: it seems SMC will control Ministry of Economic development and Technology as well as Ministry of Foreign Affairs, SAB Ministry of Infrastructure, Desus Defense Ministry, Lista M. Šarca Finance Ministry and Ministry of Health, Social Democrats Ministry of Justice etc.
Given this segmentation and names circulating around, it seems a hefty part of the team will be the same as in Cerar coalition (sometimes only with a switch of ministry seats), despite Šarec election promises he wants new names and despite the fact Cerar resigned in Spring due to disagreements within its coalition.
Also given the above mentioned segmentation it’s a good bet that economic dynamic regarding personnel issues in Slovene state companies and economic policies will remain similar to those of Cerar coalition, as SMC has the upper ground. SAB has also succeeded in grabbing an important position, especially as second railway tier project Koper-DivaÄa will be developing. So in part we can expect a predictable continuation of current dynamic / policy.
True, the nature of minority government, as it needs support from The Left for legislature to pass parliament, this government will be more left orientated in economic policies vs Cerar coalition.
We still believe this fragmented government will not make it all of the four years; however it’s also true that several breaches of election promises already imply there is a lot of common will for compromises in order to cling on to government seats.
Gorenje dd is a Slovenia-based company engaged in the production and sale of household appliances. The Company operates through three business segments: Home, producing and selling products and services for home, such as major domestic appliances (MDA), small domestic appliances (SDA), heating, ventilation, air conditioning (HVAC) and kitchen furniture; Ecology, providing ecology-related services; and Other, with such activities as tool-making, engineering, hotels and hospitality services, trade, and design services. The Company covers the global markets with a portfolio of ten brands: Gorenje, Gorenje+, Korting, Sidex, Mora, Atag, Etna, Pelgrim, Asko and Upo. As of December 31, 2011, the Company was the parent company of the Gorenje Group, which consisted of numerous companies in such countries as Slovenia, Austria, Germany, Italy, France, Spain, the United Kingdom, Denmark, Sweden,, Norway, the Czech Republic, Slovakia, Hungary, Poland, Bulgaria and Croatia, among others.
Petrol Ljubljana. Petrol dd Ljubljana is a Slovenia-based company engaged in the provision of oil and other energy products. The Company operates through two segments, Oil and Merchandise sales and Energy activities. The Oil and Merchandise sales segment consists of sale of oil and petroleum products, and sale of supplementary merchandise comprised of automotive products, foodstuffs, accessories, tobacco, lottery products, coupons and cards. The Energy activities segment consists of sale and distribution of gas; generation, sale and distribution of electricity and heat; energy consumption projects and comprehensive energy supply projects, and environment activities. As of December 31, 2011, it operated a number of subsidiaries based in Slovenia, Austria, Bosnia and Herzegovina, Croatia, Serbia, Montenegro and Macedonia, among others. On February 11, 2013, the Company acquired a 51% stake in Instalacija doo. On May 10, 2013, the Company acquired a 100% stake in Nafta Geoterm doo.
ALTA Invest, investicijske storitve, d.d., (ALTA Invest, investment services, Inc.) is a part of ALTA Group, the biggest financial non-banking group in Slovenia. ALTA Invest has around 28% market share on the domestic Ljubljana Stock Exchange and has more than EUR 95m of assets under management.
Our trading advantage is our execution of large trading blocks with low impact on the market. We offer trading on several platforms on numerous markets, with a wide variety of financial instruments. Our advantage is also a research department, which is both sell side and buy side and has the far most extensive and regular coverage of domestic companies. We cover 9 companies on Ljubljana Stock Exchange, which is around 90% of Mcap on LJSE – and here we are practically the only local broker providing this kind of extensive and regular coverage for Slovenian companies.
A part of ALTA Group are ALTA Skladi, a mutual fund asset management company with roughly EUR 260m of asset under management. ALTA Group is also extensively involved in corporate finance projects and raised considerable assets (fixed income and equity) in the last two years for several companies.
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