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News Archive - December 2013

Reality Check: End Year Deficit Projected at 15% of GDP!

31. 12. 2013
Reality Check: End Year Deficit Projected at 15% of GDP!
Slovenia's general government deficit stood at 5.5% of GDP at the end of the third quarter, up a percentage point year-on-year, but it is projected to surge by about ten percentage points as a result of the recent bank bailout, suggest figures released Monday by the Statistics Office.
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Doctors cannot predict the outcome for critical Michael Schumacher

31. 12. 2013
Doctors cannot predict the outcome for critical Michael Schumacher
Michael Schumacher, one of the world’s best known high-speed sportsmen, continues his battle for life after suffering severe head injuries in a skiing accident.
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Fresh Gorenje Shares Listed in Ljubljana and Warsaw

30. 12. 2013
Fresh Gorenje Shares Listed in Ljubljana and Warsaw
The shares of household appliance maker Gorenje that were issued as part of a recent EUR 17m capital increase including investors in Slovenia and Poland will be listed on the Ljubljana Stock Exchange and the Warsaw Stock Exchange on Monday.
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One million US jobless to lose financial aid

30. 12. 2013
One million US jobless to lose financial aid
More than a million Americans will lose their unemployment benefits after an emergency federal programme expired on Saturday.
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French jobless figures add gloom to year’s end

27. 12. 2013
French jobless figures add gloom to year's end
The November unemployment figures are out and they make grim reading for France. There were 18,500 more on the dole last month, wiping out October’s better figures, although President François Hollande says the trend is improving and new jobs are being created.
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Two Millennia of Emona (Ljubljana) to Be Marked in 2014

27. 12. 2013
Two Millennia of Emona (Ljubljana) to Be Marked in 2014
It will be exactly two thousand years in 2014 since the Roman settlement Emona, on which present-day Ljubljana was built, was founded. The jubilee will be marked with numerous events, including three major exhibitions.
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Stormy weather disrupts Christmas getaway for thousands

24. 12. 2013
Stormy weather disrupts Christmas getaway for thousands
Much of Western Europe faces a stormy Christmas with high winds, heavy rain and flooding.
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Bad Bank Bonds to Start Trading Friday

24. 12. 2013
Bad Bank Bonds to Start Trading Friday
Bonds of the Bank Asset Management Company (BAMC) to the value of EUR 1.01bn will be listed on the Ljubljana Stock Exchange on Tuesday. Since the market is closed on Tuesday, trading in the state-guaranteed bonds will start after Christmas holidays on Friday.
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Khodorkovsky to campaign for political prisoners

23. 12. 2013
Khodorkovsky to campaign for political prisoners
Former oil tycoon Mikhail Khodorkovsky is to become a dissident in exile.
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Layoffs at Helios Before Arrival of New Owner

23. 12. 2013
Layoffs at Helios Before Arrival of New Owner
Coatings maker Helios, the first from the list of 15 companies slated for privatisation to have been sold, is facing first layoffs even before the new owner, Austria's Ring International, has taken over.
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Major Police Operation Targeting Corruption in Healthcare

20. 12. 2013
Major Police Operation Targeting Corruption in Healthcare
A massive police operation targeting corruption in public healthcare is under way across Slovenia. The police said that dozens of house searches are being conducted, with as many as 13 suspects detained for questioning.
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Microsoft: Former manager charged for insider trading

20. 12. 2013
Microsoft: Former manager charged for insider trading
A former Microsoft manager Brian Jorgenson, and his friend Sean Stokke, have been charged for insider trading by the US securities regulator.
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Sava Sells Bled Golf Course

19. 12. 2013
Sava Sells Bled Golf Course
Sava Turizem has sold the Bled golf course, the country's oldest and largest, to Gerrard Enterprises, which is the founder of the Eligo golf course group and is headed by Serbian businessman Dragan Šolak.
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EU ministers agree a deal on how to close problem banks

19. 12. 2013
EU ministers agree a deal on how to close problem banks
European Union leaders are set to sign off on a banking union deal at today’s summit in Brussels after eurozone finance ministers agreed on a major reform late Wednesday night.
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National Geopraphic photo exhibit in Tivoli Park

18. 12. 2013
National Geopraphic photo exhibit in Tivoli Park
A new exhibition in Ljubljana's Tivoli Park shows National Geograhic photos from Slovenia and the USA.
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General Motors names Mary Barra as new boss

18. 12. 2013
General Motors names Mary Barra as new boss
US car giant General Motors (GM) has named product development chief Mary Barra to the post of chief executive.
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Merkel set to begin third term as German Chancellor

17. 12. 2013
Merkel set to begin third term as German Chancellor
Angela Merkel will be sworn in as German Chancellor for a third term.
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FinMin Meeting Investors, Credit Rating Firms in London

17. 12. 2013
FinMin Meeting Investors, Credit Rating Firms in London
Finance Minister Uroš Čufer will meet representatives of investors and credit rating firms in London on Tuesday to present the country's plans on bank restructuring, which is to start in short, following the release of bank stress tests last week. Later in the day he will attend an EU financial ministerial in Brussels.
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Slovenians More Rational in Buying Gifts

16. 12. 2013
Slovenians More Rational in Buying Gifts
Slovenians have become increasingly rational when it comes to shopping for gifts, a survey by GfK Slovenija has found. More and more people are deciding to give gift vouchers and are very careful not to spend more than planned on individual gifts. An increasing number of Slovenian consumers are also buying gifts on-line.
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Tankan: Japanese business mood rises to six-year high

16. 12. 2013
Tankan: Japanese business mood rises to six-year high
Japanese business confidence has soared to its highest level in six years, according to the Bank of Japan's latest Tankan survey.
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EU-Ukraine trade deal could go ahead

13. 12. 2013
EU-Ukraine trade deal could go ahead
The EU has held out a promise of more financial aid for Ukraine, if it signs a trade pact.
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Slovenian Scientists First to Create Magnetic Liquid Crystal

13. 12. 2013
Slovenian Scientists First to Create Magnetic Liquid Crystal
Slovenian scientists have succeed in creating a magnetic liquid crystal, becoming the first in the world to do so after more than 40 years of unsuccessful attempts, an article published on Thursday in the acclaimed British magazine Nature shows.
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D Day for Slovenia: Results of Stress Tests to be Released

12. 12. 2013
D Day for Slovenia: Results of Stress Tests to be Released
The results of stress tests and asset quality review of ten Slovenian banks will be disclosed on Thursday. Preliminary estimates suggest the banks face a shortfall of between four and five billion euros, an amount that would allow Slovenia to bail out its banks without international aid.
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Pope Francis named Time Magazine's Person of the Year

12. 12. 2013
Pope Francis named Time Magazine
Pope Francis has been named Person of the Year by Time magazine.
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Ptujska Klet Named Best Slovenian Wine Cellar

11. 12. 2013
Ptujska Klet Named Best Slovenian Wine Cellar
Ptujska klet, the oldest wine cellar in Slovenia, has been awarded the title of the best wine cellar in Slovenia at the top international wine competition AWC Vienna. Its director Vinko Mandl said at a press conference on Tuesday this was the result of investments in the last ten years.
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Bayer Leverkusen and Olympiakos win to secure Champions League qualification

11. 12. 2013
Bayer Leverkusen and Olympiakos win to secure Champions League qualification
Bayer Leverkusen and Olympiakos are both through to the next round of the Champions League.
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Bank Bailout Scenario is Very Clear

10. 12. 2013
Bank Bailout Scenario is Very Clear
Once the results of the bank stress tests and asset quality review are released, it is expected that subsequent procedures will unravel within just a few days. The steps will depend on the current status of banks.
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Putin amnesty may free Greenpeace 30 and Pussy Riot

10. 12. 2013
Putin amnesty may free Greenpeace 30 and Pussy Riot
An amnesty drafted by Russian President Vladimir Putin could free the two jailed Pussy Riot protesters and the Greenpeace Arctic 30 campaigners.
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Greece sees end of recession in 2014 with new budget

09. 12. 2013
Greece sees end of recession in 2014 with new budget
Greek lawmakers have passed the 2014 budget, which predicts a return to growth after six straight years of painful recession.
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Finance Minister Briefing Eurogroup About Banking System

09. 12. 2013
Finance Minister Briefing Eurogroup About Banking System
Finance Minister Čufer will attend in Brussels on Monday meeting of the Eurogroup dedicated to the aid programmes for Greece, Ireland and Cyprus. Čufer will brief his counterparts on Slovenia's activities regarding the banks as the country gears up for the release of bank asset quality review results.
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Nelson Mandela death: South Africa and world mourn

06. 12. 2013
Nelson Mandela death: South Africa and world mourn
South Africans have gathered in Johannesburg and Soweto to mourn their former leader, Nelson Mandela, who died on Thursday aged 95.
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Slovenia Not to Renegotiate South Stream Deal for Now

06. 12. 2013
Slovenia Not to Renegotiate South Stream Deal for Now
The government said it has no intention to renegotiate the bilateral deal with Russia on the construction of the Slovenian section of the South Stream pipeline for now as it has not yet received an official answer from the European Commission to an invitation to a meeting to discuss the latest developments.
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Central Bank Responds to Speculation About Stress Tests

05. 12. 2013
Central Bank Responds to Speculation About Stress Tests
The Slovenian central bank responded to mounting rumours about what the announcement of the results of stress tests at eight Slovenian banks would bring, saying that banks will continue to operate normally once the results are released.
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Obama: Growing income inequality threat to “American dream”

05. 12. 2013
Obama: Growing income inequality threat to “American dream”
In a landmark speech on the state of the US economy and society, US President Barack Obama on Wednesday warned against the dangers of a growing income inequality, an increasing gap between rich and poor, and a shrinking economic mobility in America.
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Protesters call for strikes and blockades as crisis deepens in Ukraine

04. 12. 2013
Protesters call for strikes and blockades as crisis deepens in Ukraine
Ukraine opposition leaders are calling for a general strike after their parliamentary allies failed to topple the government in a vote of no confidence.
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PM Bratušek to Meet French President

04. 12. 2013
PM Bratušek to Meet French President
Prime Minister Alenka Bratušek will continue her two-day visit to France on Wednesday by meeting President Francois Hollande and attending a business conference at which she will present investment opportunities in Slovenia to French companies.
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Slovenia Slides Six Spots in Corruption Perception Ranking

03. 12. 2013
Slovenia Slides Six Spots in Corruption Perception Ranking
Slovenia slid six places in the 2013 Corruption Perception Index compiled by the Berlin-based NGO Transparency International (TI). Slovenia ranks 43rd among the 177 countries surveyed and is one of those that have seen the biggest drop over the past year, the Slovenian branch of the TI, Integriteta, has said.
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Saab 9-3 comes back two years after bankruptcy

03. 12. 2013
Saab 9-3 comes back two years after bankruptcy
The new owners of Swedish car maker Saab have restarted production two years after the firm went out of business.
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Search for New Ministerial Candidates Begins

02. 12. 2013
Search for New Ministerial Candidates Begins
The search for ministerial candidates following the resignation of Economy Minister and Health Minister is expected to start this week. PM Bratušek is said to be planning to meet the candidate for economy minister in the second half of the week, with media mostly mentioning Alenka Avberšek of the GZS.
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Saab to resume making cars in Sweden

02. 12. 2013
Saab to resume making cars in Sweden
Saab will restart production on Monday as the firm's new owners look to get the carmaker back on track.
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