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News Archive - October 2011

Europe’s trillion-euro debt safeguard

28. 10. 2011
summit
Relief for Italy… relief for Greece… for Spain… the whole euro zone in fact: EU leaders pulled back from the brink of potential disaster at their euro summit — which ran deep into Wednesday night — with their deal to support single currency states in dire difficulty. However, suspense remains over whether what they have agreed will keep the euro market-worthy.
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EU Deal Better than Expected

28. 10. 2011
pahor
Prime Minister Borut Pahor came out of the summit of eurozone leaders early saying that the results of the talks to tackle the euro crisis may have exceeded expectations.
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Marathon talks produce a euro zone rescue deal

27. 10. 2011
summit
Europe’s leaders have finally agreed a euro zone rescue plan after marathon talks lasting more than eight hours.
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Problematic Changes to Penal Code

27. 10. 2011
kz
The National Council, the upper chamber of parliament, vetoed several recently adopted legislative documents, including changes to the penal code which it claims introduce too stringent rules on file sharing.
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Merkel prepares to talk tough over bailout fund

26. 10. 2011
Merkel prepares to talk tough over bailout fund
Germany’s parliament is being called on to get behind Chancellor Angela Merkel before she attends today’s critical European summit in Brussels.
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Critical Points of the Economy

26. 10. 2011
Critical Points of the Economy
Slovenian business representatives pointed to several issues they labelled as crucial as they came together for the Slovenian Business Summit at Brdo pri Kranju. Immediate action, a leaner public sector and money for investments were the key points of the conference-
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Gaddafi to be buried in secret today

25. 10. 2011
gaddafi
Officials from Libya’s National Transitional Council have announced that the ousted leader Muammar Gaddafi will be buried today in a secret location.
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Hoping for a UN Security Council Seat

25. 10. 2011
un
Voting will resume at the United Nations General Assembly today to determine whether Slovenia or Azerbaijan will represent the Eastern European group as non-permanent members of the UN Security Council in 2012-2013.
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Turkey earthquake: Desperate search for survivors

24. 10. 2011
earthquake
Rescue teams are desperately searching for people trapped under rubble after a strong earthquake hit Turkey's eastern Van region on Sunday.
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A record number of runners on the 16th Ljubljana Marathon

24. 10. 2011
marathon
Organisers of the 16th Ljubljana Marathon, noted a record number of more than 22,000 runners to take the streets of the Slovenian capital on Saturday and Sunday.
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Muammar Gaddafi, the 'king of kings' dies in city of his birth

21. 10. 2011
gaddafi
Libya's former leader killed by rebels in Sirte in wake of French airstrike, although precise details of his death remain unclear
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Standard & Poors Downgrades Slovenia

21. 10. 2011
slovenia
Standard & Poors downgraded Slovenia's long and short-term sovereign credit ratings by one notch to AA-/A-1+ from AA/A-1+ on grounds that the country's fiscal position has deteriorated since the onset of the 2008 financial crisis and that policy makers have not yet presented a credible consolidation strategy.
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Greece hit by continued strikes and clashes

20. 10. 2011
Greece hit by continued strikes and clashes
Angry protests in Greece are set to continue on day two of a general strike as parliament votes on a new round of austerity measures designed to stave off bankruptcy.
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Sins of the (Janković) Sons

20. 10. 2011
Sins of the (Janković) Sons
The parliamentary commission investigating dodgy construction deals adopted its final report, establishing that there are reasonable grounds for suspicion that Ljubljana Mayor Zoran Jankovic's family members profited from his power to change the intended function of certain plots of land.
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Young girl is among several killed in Turkey bombing

19. 10. 2011
turkey
Eight people including five police officers and a two-year-old girl have been killed by a roadside bomb in Turkey. Four others were wounded.
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"Occupation" of Ljubljana Stock Exchange Continues

19. 10. 2011
protest
A group of protesters spent a third day in front of the Ljubljana Stock Exchange (LJSE) to protest against what they call corporate greed. More than a 100 people were gathered at the protest site in the evening, continuing with debates and announcing they would stay as long as necessary.
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Shalit prisoner swap gets underway

18. 10. 2011
shalit
Vehicles carrying Palestinian prisoners began departing from jails in Israel in the early hours of Tuesday morning.
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Deadline for Mercator Bidders

18. 10. 2011
mercator
Prospective buyers have time until Monday midnight to place non-binding bids for a majority stake in Slovenia's biggest grocer Mercator. The bids are being collected by the London-based ING Bank, the consultant in the sale.
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Protest camps set up in Frankfurt and London

17. 10. 2011
demonstrations
The day after global protests against the world’s financial system and economic injustice, some demonstrators are not letting up.
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The Best Foreign Investors

17. 10. 2011
fdi
Saubermacher Slovenija, Julon and Ertl Glas Steklo were honoured as the best foreign investors in Slovenia as part of the FDI Summit 2011 conference on foreign direct investment under way in Ljubljana.
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Italian government faces confidence vote

14. 10. 2011
Italian government faces confidence vote
Italian Prime Minister Silvio Berlusconi is facing a confidence vote in parliament, a ballot he has called and one he says he is confident of winning.It is nothing new for his government, under pressure over its handling of the country's economic problems. There have been 50 other similar votes since 2008.
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FDI Summit on the Regional Potential

14. 10. 2011
FDI Summit on the Regional Potential
The second international conference FDI Summit, focusing on foreign investments and development strategies in Slovenia, will kick off in Ljubljana. The main topic of the two day conference will be using the potential of Slovenia as a regional centre or starting point for business in Southeastern or Central Europe
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NTC claims Gaddafi son has been captured

13. 10. 2011
ntc
Celebratory bursts of machine-gun fire and fireworks have lit up the skies over Tripoli after news filtered through that Muammar Gaddafi’s son Mo’tassim had been captured.
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Ljubljana Mayor to Race for Parliament

13. 10. 2011
jankovic
Mayor of Ljubljana Zoran Janković announced that he would run in the 4 December general election with his party, but he did not say whether he would actually stand for MP himself.
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Israel does a deal with Hamas over captive soldier

12. 10. 2011
Israel does a deal with Hamas over captive soldier
Gilad Shalit – the young Israeli soldier who was captured by Hamas five years ago, holds up a newspaper as proof he was alive back in 2009. Since then there have been several false dawns in efforts to free him.
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Gorenje Launches Third Plant in Serbia

12. 10. 2011
Gorenje Launches Third Plant in Serbia
Household appliance maker Gorenje has launched the production of plastic washbasins and an assembly line for washing machines in what is the company's third plant in Serbia. The plant currently employs 39 people and the number of workers is to increase to 88 by the end of the year.
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Christians turn their anger against Egypt’s army

11. 10. 2011
egypt
Egypt’s Coptic Christians turned their grief into anger at the army during the first funerals of some of the 25 victims from Sunday night’s unrest.
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A House of Cards - Construction Sector in Slovenia

11. 10. 2011
construction
Slovenian construction companies are renowned in South East Europe for constructing firm viaducts, bridges and buildings. But over the course of just one year the sector itself has fallen like a house of cards. Of the three leading construction companies in the country, one has gone bankrupt (Vegrad), one into receivership (SCT) and the third (Primorje) has recently been given a six month loan moratorium by the banks.
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Paris and Berlin join forces in fight for eurozone

10. 10. 2011
eurozone
The French and German leaders have held another crisis summit on the Euro in Berlin, as the EU’s lead pair attempt to speak with one voice.
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Govt Adopts Austerity Bill

10. 10. 2011
pensions
The government adopted an austerity bill freezing pensions, public sector wages and social transfers for 2012, setting it on a collision course with the unions, which have been demanding that the plan be shelved. The bill appears dead on arrival, though, as both coalition deputy groups said they would not endorse it.
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Swedish poet wins Nobel Literature prize

07. 10. 2011
prize
Swedish poet Tomas Transtromer won the Nobel Prize in literature, the Swedish academy that announces the annual award said Thursday.
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The Committe Votes Down TEŠ6 Guarantee Bill

07. 10. 2011
tes
The parliamentary Finance and Monetary Policy Committee failed to approve a bi-partisan bill that would grant EUR 440m worth loan guarantee for the construction of a new generator at the Sostanj coal-fired power plant. This means the bill is lost.
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Apple’s Steve Jobs dies

06. 10. 2011
apple
The co-founder of the US technology giant Apple Steve Jobs has died at the age of 56.
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18th Golden Drum

06. 10. 2011
drum
This week in Portorož the 18th International Advertising Festival of New Europe Golden Drum will start drumming its beat.30 lectures, five workshops and four panels with over 50 top speakers will provide quality content for Festival participants.
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US outraged by Russia-China veto condemning Syria

05. 10. 2011
china
Russia and China have used their veto against a European-drafted UN resolution condemning Syria. The move split the Security Council, revealing a fundamental difference in approach to the Assad regime’s six-month crackdown on anti-government demonstrations.
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Pipistrel Wins NASA's Green Flight Challenge

05. 10. 2011
taurus
A electric four-seater aircraft, the Taurus G4, won the Slovenian ultralight plane maker Pipistrel a US$ 1.35m NASA prize. the largest prize in aviation history, for the most energy efficient aircraft in the CAFE Green Flight Challenge.
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Europe’s revamped bailout fund tops finance talks

04. 10. 2011
finance
The story has a familiar ring – Europe’s finance ministers hold crucial talks on how best to save Greece and stop the whole euro project going into free fall.
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Rodic M&B Offloads a Stake in Mercator

04. 10. 2011
mercator
Serbian company Rodic M&B Trgovina offloaded almost its entire stake in Mercator, selling slightly more than 3% in Slovenia's leading retailer for a total of EUR 18.1m.
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More misery facing Greek workers

03. 10. 2011
greece
The Greek government is to present its draft 2012 budget to parliament today which includes the cutting of 30,000 civil service staff by the end of December.
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Musician Lojze Slak Dies

03. 10. 2011
slak
Lojze Slak, one of Slovenia's most popular folk music accordionists and bandleaders who also helped popularise the Alpine style of polka music outside Slovenia, died at the age of 79.
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