SLOVENIA
Left threatens to stop supporting govt, SNS signals support
The Left issued a strong rebuke to the Marjan Šarec minority government on Friday, announcing that the tax package put forward by the cabinet, coupled with the go-ahead for a bonus for welfare recipients engaged in work on the parliamentary Labour Committee "marks the end of cooperation" with the coalition. (STA)
Budgets for 2020 and 2021 start parliamentary path
The draft budgets for 2020 and 2021 will start their way through parliament today as Prime Minister Marjan Šarec and Finance Minister Andrej Bertoncelj present them in the National Assembly. (STA)
INTERNATIONAL MARKETS
European shares extend losses on weak German data, trade anxiety
European shares dipped on Monday, extending losses from their sharpest weekly slide this year, as weak data on German industrial orders underscored concerns of a looming recession in the country while investors were on edge ahead of crucial trade talks between the U.S. and China this week.
The pan-European STOXX 600 index was down 0.1%, after it tumbled 4% last week on tensions over transatlantic trade wars and a clutch of weak U.S. and European data.
Germany’s DAX declined 0.2% after data showed German industrial orders fell slightly more than expected in August. A report that said China officials are increasingly reluctant to agree to a broad trade deal with the United States, kept investors nervous ahead of the trade negotiations starting on Thursday.
Trade-sensitive automakers dropped 1%, leading declines among major sectors.
London-listed shares of HSBC Holdings Plc fell 0.7% after a report over the weekend said the banking group was planning to cut up to 10,000 jobs to lower costs. (Reuters)
Pound falls as doubts grow over chances of last-minute Brexit deal
Sterling fell in early London trading on Monday as investors grow increasingly concerned that Britain and the European Union were no closer to agreeing a Brexit withdrawal deal. British lawmakers have passed a law requiring Prime Minister Boris Johnson to seek a delay to Brexit if the UK cannot agree a withdrawal deal by Oct. 19. But a report in the Daily Telegraph said Johnson intended to challenge that law, the Benn Act, in the Supreme Court. (Reuters)
SERBIA
Mali explains bills on investment funds
Serbian Finance Minister Sinisa Mali on Friday said the bills on investment funds and alternative investment funds were a major step forward in the process of strengthening the economy further and creating business opportunities for local and foreign investors. Speaking in the Serbian parliament, he said the bills created conditions for attracting a larger number of market participants, as well as for providing greater security to foreign investors, while making the domestic market more attractive for foreign investment. (Tanjug)
NIIS: Gazprom Neft interested in Serbia's HIP-Petrohemija
Russian energy giant Gazprom Neft is interested in taking part in the privatisation of the Serbian petrochemical company HIP-Petrohemija. Serbian Minister of Mining and Energy Aleksandar Antic on Friday met with Gazprom Neft Management Board Chairman Alexander Dyukov on the sidelines of the 9th St Petersburg International Gas Forum. According to a statement from Antic's ministry, the discussion topics included the upcoming privatisation of Pancevo-based HIP-Petrohemija. Antic said the future of the company was crucial and that it needed a strategic partner in order to carry out investments that would ensure stable long-term operations. Dyukov noted Gazprom Neft had a potential interest in taking part in the process of finding an adequate privatisation model. (Tanjug)
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