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Slovenia considers privatizations to avoid bailout
Source: Reuters
Slovenia considers privatizations to avoid bailout
By Marja Novak
LJUBLJANA | Mon May 6, 2013 4:26pm EDT
(Reuters) - Slovenia is looking to sell its largest telecoms operator and second largest bank, sources said, as it steps up efforts to shore up its finances and avoid an international bailout.
The country is racing to convince investors it has a credible strategy for raising the funds it needs to stay solvent, and is due to adopt an economic reform program on Thursday before presenting it to the European Commission.
But the leading government party said lawmakers were not likely to adopt a rule to cap budget spending on Tuesday, as promised, because parties had been unable to agree when the rule should take effect - indicating they might have trouble agreeing other reforms as well.
[font size=1]-snip-[/font]
By Marja Novak
LJUBLJANA | Mon May 6, 2013 4:26pm EDT
(Reuters) - Slovenia is looking to sell its largest telecoms operator and second largest bank, sources said, as it steps up efforts to shore up its finances and avoid an international bailout.
The country is racing to convince investors it has a credible strategy for raising the funds it needs to stay solvent, and is due to adopt an economic reform program on Thursday before presenting it to the European Commission.
But the leading government party said lawmakers were not likely to adopt a rule to cap budget spending on Tuesday, as promised, because parties had been unable to agree when the rule should take effect - indicating they might have trouble agreeing other reforms as well.
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Read more: http://www.reuters.com/article/2013/05/06/us-slovenia-privatisation-idUSBRE9450FG20130506
