Total trade at the Ljubljana Stock Exchange last year amounted to 680 million euros. Foto: MMC RTV SLO
Total trade at the Ljubljana Stock Exchange last year amounted to 680 million euros. Foto: MMC RTV SLO

The Ljubljana Stock Exchange (LJSE) is not a big player in the region. Slovenian companies are not being quoted as much. The privatization process is being carried out without the listing of companies on the stock market. There aren't many pensions funds interested in new investments. That is why the Viennese decided to sell the LJSE to Zagreb. However, big changes from the new investors are not to be expected.

Total trade at the Ljubljana Stock Exchange last year amounted to 680 million euros. It was considered to be a good year, although only a ten-thousandth of the volume of trade in New York. Most active regarding trade last year were the shares of pharmaceutical company Krka, which were followed by the shares of Letrika, the Pivovarna Laško brewery and Helios. The last three companies mentioned in the list have already been delisted from the stock exchange due to their sale. So, what will end up having on the list? Very little, if the sale of Telekom also goes through. New entries on the stock exchange are not to be expected, unless the state decides to take action.

At fault is also the absence of pension savings on the capital market i.e. the legislation that obstructed it.

The Zagreb Stock Exchange is facing a difficult task. Both stock markets, in Zagreb and Ljubljana, are only strong at a local level. It is unclear whether they will be able to attract foreign investors. The current trend in Slovenia's finance industry is to keep cutting. Business conditions on the stock market have been tightened. The number of brokerage companies and members of the stock exchange is currently at 17, and the figure is falling.

M. D., Radio Slovenia, translation: K. J.