"The Russian Federation is close to concluding agreements with Austria and Slovenia on their participation in the South Stream gas network project launched by the Russian oil and gas giant Gazprom Russian and Slovenian officials said in Moscow and Ljubljana on Friday.
Slovenia will sign the agreement in June Slovenian Economy Minister Matej Lahovnik said at a news conference in Ljubljana.
The South Stream pipeline will transport Russian natural gas via the Black Sea and Bulgaria to Italy. 'Slovenia has made this decision and wants to be a part of this project. We are working on a final text of the agreement and we expect its signing in June ' Lahovnik said after meeting Igor Shchegolev the Russian Minister of Telecommunications and Mass Communications."
Source: SEE news
Sunday, May 24, 2009
Thursday, April 2, 2009
Trading in Istrabenz suspended over insolvency
"Trading in shares in Slovenian energy and tourism group Istrabenz (ITBG.LJ) has been suspended until April 17 due to the company's insolvency after it failed to reach a deal with creditors, the Ljubljana bourse said on Thursday.
There was no trading in the shares on Thursday but the price fell 3.46 percent to 8.46 euros in thin volume on Wednesday, the day after the company declared itself insolvent. Over the past year the share price has dropped by 91 percent.
Under Slovenian law the company has 60 days to reach a deal with creditors on debt repayment otherwise it has to go into bankruptcy which would be the biggest corporate failure in Slovenia in the last decade."
Source: Reuters
There was no trading in the shares on Thursday but the price fell 3.46 percent to 8.46 euros in thin volume on Wednesday, the day after the company declared itself insolvent. Over the past year the share price has dropped by 91 percent.
Under Slovenian law the company has 60 days to reach a deal with creditors on debt repayment otherwise it has to go into bankruptcy which would be the biggest corporate failure in Slovenia in the last decade."
Source: Reuters
Wednesday, March 25, 2009
Trade in Slovene Istrabenz halted for debt talks
"The Ljubljana Stock Exchange said on Tuesday it had suspended trade in energy and tourism group Istrabenz ITBG.LJ pending the outcome of debt talks with its creditors.
The Exchange said Istrabenz itself had requested the suspension following media reports regarding talks with creditors 'and the future fate of Istrabenz'. Istrabenz said it was in talks with banks but declined any further comment.
The bourse said Istrabenz which has market capitalisation of 49.7 million euros was expected to announce details of its talks with bank creditors on March 30. It said the suspension was expected to be lifted on March 31."
Source: Reuters
The Exchange said Istrabenz itself had requested the suspension following media reports regarding talks with creditors 'and the future fate of Istrabenz'. Istrabenz said it was in talks with banks but declined any further comment.
The bourse said Istrabenz which has market capitalisation of 49.7 million euros was expected to announce details of its talks with bank creditors on March 30. It said the suspension was expected to be lifted on March 31."
Source: Reuters
Wednesday, March 18, 2009
Slovenia seeks delay of EU accession conference with Croatia
"Foreign Minister Samuel Zbogar on Monday (March 16th) called for the postponement of the EU accession conference with Croatia, scheduled for March 27th. According to Zbogar, Slovenian and Croatian officials will not reach a deal on mediating their border dispute by the end of the month. Slovenia blocked Croatia's EU accession talks last year over fears that Zagreb's entry may influence the outcome of their years-long border dispute."
Source: SETimes.com
Source: SETimes.com
Thursday, March 5, 2009
Slovenia: Hundreds of corpses found in WW2 mine
"Slovenian authorities have found the mummified remains of several hundred people believed to date from World War II in a disused mine. State prosecutor Barbara Brezigar told Slovenian television on Thursday that up to 300 corpses were discovered in a deserted mine near Lasko, in central Slovenia.
“What I have seen is the most horrendous thing that a person can see in a lifetime,” Brezigar said.
Andrija Valic, an investigator from Slovenia's Centre for National Reconciliation, said it would be difficult to identify the victims discovered in the mine before the investigation was completed.
But he said he was confident the massacre had been carried out by the communist partisans of late Yugoslav president Josip Broz Tito.
Tito’s partisans reportedly killed thousands of Croat and Slovenian soldiers at the end of World War II who had collaborated with Nazi occupiers and were withdrawing with German forces in 1945."
Source: - Adnkronos Security
“What I have seen is the most horrendous thing that a person can see in a lifetime,” Brezigar said.
Andrija Valic, an investigator from Slovenia's Centre for National Reconciliation, said it would be difficult to identify the victims discovered in the mine before the investigation was completed.
But he said he was confident the massacre had been carried out by the communist partisans of late Yugoslav president Josip Broz Tito.
Tito’s partisans reportedly killed thousands of Croat and Slovenian soldiers at the end of World War II who had collaborated with Nazi occupiers and were withdrawing with German forces in 1945."
Source: - Adnkronos Security
Monday, February 23, 2009
Slovenia Risks Becoming Just Another Bump In The Road
"Each year hundreds of thousands of Europeans flock to the coast of Croatia for their summer vacations. Many of them choose to drive, happily speeding from their home cities to their destination along Europe's modern superhighways.
Except for one 60-kilometer stretch that runs through Slovenia. There, motorists encounter a tiny, narrow, old roadway, and they never know if it will take them one hour or three to drive it. Either way, they have plenty of time to wonder why no one has bothered to improve this god-forsaken stretch.
The story goes back to 1969, and a Yugoslavian political scandal dubbed the "Road Affair." Yugoslavia applied for and received an International Monetary Fund (IMF) loan for highways. But Slovenian officials were unhappy when their share of the largess turned out to be smaller than they expected. They tried to divert attention from the fact that they had failed to submit the proper documentation.
In the intervening decades, Slovenia has had several opportunities to improve the highway from Austria to the Croatian border, but officials always refused. Germany and Austria both expressed interest in the project, but Slovenia lobbied instead for a road to take vacationers to the Slovenian coast. In 1993, Croatia offered to improve the 60-kilometer stretch, but again Ljubljana refused.
In 1989-90, Yugoslavia and Italy agreed on a project to construct a railway from Trieste to the Croatian resort of Rijeka. But after gaining independence in 1991, Slovenia backed out of the deal.
Two decades later, the railroad is still a dream and the road through Slovenia to Croatia remains a nightmare. Now, Slovenia is a member of the European Union and money for a new highway would seem within grasp. But last year, Ljubljana started a new Road Affair when they began charging the outrageous amount of 35 euros ($45) for drivers wishing to pass through the country into Croatia. The same old, hated road -- but now with a 35-euro price tag. The EU protested, and Slovenia decided to rescind the fee -- beginning next year. In the meantime, drivers will just gnash their teeth and the millions of euros will keep rolling in."
Source: Radio Free Europe
Except for one 60-kilometer stretch that runs through Slovenia. There, motorists encounter a tiny, narrow, old roadway, and they never know if it will take them one hour or three to drive it. Either way, they have plenty of time to wonder why no one has bothered to improve this god-forsaken stretch.
The story goes back to 1969, and a Yugoslavian political scandal dubbed the "Road Affair." Yugoslavia applied for and received an International Monetary Fund (IMF) loan for highways. But Slovenian officials were unhappy when their share of the largess turned out to be smaller than they expected. They tried to divert attention from the fact that they had failed to submit the proper documentation.
In the intervening decades, Slovenia has had several opportunities to improve the highway from Austria to the Croatian border, but officials always refused. Germany and Austria both expressed interest in the project, but Slovenia lobbied instead for a road to take vacationers to the Slovenian coast. In 1993, Croatia offered to improve the 60-kilometer stretch, but again Ljubljana refused.
In 1989-90, Yugoslavia and Italy agreed on a project to construct a railway from Trieste to the Croatian resort of Rijeka. But after gaining independence in 1991, Slovenia backed out of the deal.
Two decades later, the railroad is still a dream and the road through Slovenia to Croatia remains a nightmare. Now, Slovenia is a member of the European Union and money for a new highway would seem within grasp. But last year, Ljubljana started a new Road Affair when they began charging the outrageous amount of 35 euros ($45) for drivers wishing to pass through the country into Croatia. The same old, hated road -- but now with a 35-euro price tag. The EU protested, and Slovenia decided to rescind the fee -- beginning next year. In the meantime, drivers will just gnash their teeth and the millions of euros will keep rolling in."
Source: Radio Free Europe
Tuesday, February 3, 2009
NATO in Fear of Possible Slovenian Referendum
"NATO fears that Slovenia will not manage to ratify the protocols for accession of Croatia and Albania to the alliance by the April NATO summit or US President Barack Obama's first visit to Europe, especially if there is a referendum.
Everybody expects a new, fresh wind from the new US president, but the question looms if the wind will be stopped or slowed by a 'no' from a member state to the accession of two new countries, Jelusic said after meeting NATO Secretary-General Jaap de Hoop Scheffer.
De Hoop Scheffer was concerned by the latest developments regarding Slovenia's ratification of Croatia's and Albania's NATO accession protocols, in particular last week's delay of the vote on the ratification in the National Assembly."
Source: STA
Everybody expects a new, fresh wind from the new US president, but the question looms if the wind will be stopped or slowed by a 'no' from a member state to the accession of two new countries, Jelusic said after meeting NATO Secretary-General Jaap de Hoop Scheffer.
De Hoop Scheffer was concerned by the latest developments regarding Slovenia's ratification of Croatia's and Albania's NATO accession protocols, in particular last week's delay of the vote on the ratification in the National Assembly."
Source: STA
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