"Slovenia fell into recession in the first quarter, data on Tuesday showed, and the government forecast a budget shortfall of 6 percent of GDP this year.
Analysts said the figures released by the statistics office did not bode well for the country that was the fastest growing euro zone member in the past two years, but a mild improvement of quarterly GDP data was still possible later in the year.
The office said gross domestic product (GDP) had dropped 8.5 percent year-on-year in the first quarter, following a 0.8 percent fall in the last quarter of 2008. It said April exports fell 29.7 percent year-on-year and imports shrank 34.9 percent."
Source: guardian.co.uk
Thursday, June 11, 2009
Tuesday, June 9, 2009
Defence Ministry Introduces Safety Measures after Robbery
"Defence Minister Ljubica Jelusic told the press on Tuesday that the ministry has introduced strict safety measures after 20 mortars were stolen from a warehouse near Postojna last week. She also disclosed that the ministry was missing destruction records of 57 hand grenades and 12 rocket propelled grenades (RPG)."
Source: STA
Source: STA
Wednesday, May 27, 2009
Grenade Thrown at Kranj Police Station
"An explosive device, probably a hand grenade, exploded near the entrance to the police administration headquarters in the city of Kranj at around 1 AM on Friday. There were no injuries."
Source: STA
Source: STA
Croatia rejects changes to EU proposal for resolving dispute with Slovenia
"Croatian Prime Minister Ivo Sanader said on Monday (May 25th) that Zagreb would not accept any Slovenian changes to an EU proposal for solving the long-standing border dispute between the two countries through international arbitration.
'We shall not agree to any amendments,' he said.
The plan, tabled by EU Enlargement Commissioner Olli Rehn last month, was not an invitation for either Zagreb or Ljubljana to suggest possible changes to it, but a 'take it or leave it' offer, which Croatia chose to accept, Sanader said.
It envisions the establishment of an ad hoc five-member international arbitration tribunal, operating in line with international law, to solve the 18-year-long dispute between the two former Yugoslav republics.
But politicians in Slovenia criticised the plan, claiming their country was not explicitly recognised as a maritime nation in it and therefore 'lost its right to declare a sea belt', Croatian media reported earlier this month.
Critics also reportedly opposed a provision, under which Slovenia would have to lift its veto of Croatia's EU accession talks, once both countries consented to arbitration."
Source: SETimes.com
'We shall not agree to any amendments,' he said.
The plan, tabled by EU Enlargement Commissioner Olli Rehn last month, was not an invitation for either Zagreb or Ljubljana to suggest possible changes to it, but a 'take it or leave it' offer, which Croatia chose to accept, Sanader said.
It envisions the establishment of an ad hoc five-member international arbitration tribunal, operating in line with international law, to solve the 18-year-long dispute between the two former Yugoslav republics.
But politicians in Slovenia criticised the plan, claiming their country was not explicitly recognised as a maritime nation in it and therefore 'lost its right to declare a sea belt', Croatian media reported earlier this month.
Critics also reportedly opposed a provision, under which Slovenia would have to lift its veto of Croatia's EU accession talks, once both countries consented to arbitration."
Source: SETimes.com
Sunday, May 24, 2009
Slovenia to sign South Stream project deal
"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
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
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
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