The Slovenian Sovereign Holding (SDH) and NLB bank announced the intention to list its shares on the Ljubljana Stock Exchange and the global repository receipts (GDRs) on the London Stock Exchange. Slovenia’s largest bank has a little less than a quarter of market share in the Slovenian market. In a press release, Blaž Bodnjak, president of the management board of NLB said: “NLB Group is sustainably profitable and client-oriented provider of universal financial services, the largest in Slovenia and with leading positions in selected markets of Southeastern Europe. During the last years, it has achieved a successful turnaround, resulting in a solid recurring financial and operational performance. We now look forward to addressing newly arising opportunities and challenges in a new era of our operations after privatization, during which we will continue creating value for our esteemed clients and other stakeholders. That is why today’s announcement is such an important milestone. On the behalf of all employees, I would like to thank everyone who has supported us throughout the ongoing process, which will take NLB Group to the next level as an international public company.”
Macedonia’s parliament has started debating the proposed constitutional amendments that would change the country’s name to the Republic of North Macedonia, as per the deal with Greece. However, there is a lot of uncertainty whether enough MPs will support the amendment. The ruling parties have 71 out of 120 deputies but they need eight more to pass the constitutional changes. In his address to MPs, Prime Minister Zoran Zaev stressed that the greatest responsibility for the future of the country is in the hands of the deputies, whom he urged to vote at their own will. “Look at the future and the future of your children,” the prime minister said, adding that every other choice leads to isolation where Macedonia’s already been for the last 27 years, and especially recently. “You have to decide whether the majority will win or lose,” Zaev said, adding: “This is an opportunity to be free.” If the amendment passes with a two-thirds majority, it will take the government three months to implement it. If it fails, Zaev has already announced he will call for an early election. Balkan Insight reports that most observers agree it would be better to avoid uncertainty that elections would create and pass the Prespa agreement in the parliament. There is an informal deadline for the implementation of the agreement by March next year, so that the Greek parliament can ratify it before the country holds general elections where parties opposing the agreement with Macedonia have a good chance of winning, Balkan Insight reports.