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LKPG - Luka Koper Dd News Story

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Last Trade - 16/04/21

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Market Cap £247.5m
Enterprise Value £260.7m
Revenue £181.7m
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Slovene parliament to confirm Cerar as prime minister on Monday

Fri 22nd August, 2014 12:41pm
By Marja Novak 
    LJUBLJANA, Aug 22 (Reuters) - Slovenia's parliament is 
expected to vote in political novice Miro Cerar as the euro zone 
country's new prime minister on Monday, parliament speaker Doris 
Krzisnik said. 
    Cerar and his three-month-old centre-left SMC party won a 
snap election in July, giving the strong mandate his  
predecessors have lacked and potentially helping restore 
stability after years of turbulence and weak government. 
    The 50-year-old law professor has indicated he would rewrite 
reforms agreed with the European Union to fix the country's 
finances, and is against some of the big  privatisations that 
the EU says are vital to a long-term fix for Slovenia. 
    If he is voted in on Monday, as expected, Cerar will have 15 
days to form a cabinet which also needs parliament's approval. 
    Cerar is in coalition talks with the pensioners' party Desus 
and the Social Democrats, both of whom were members of the 
previous centre-left government, which narrowly avoided having 
to seek an international bailout for Slovenia's banks last year. 
    Details of the cabinet make-up remain sketchy. Cerar's party 
said on Thursday economy professor Dusan Mramor would be finance 
minister. Mramor was finance minister from 2002 to 2004 when he 
hiked taxes and kept a lid on the budget deficit. ID:nL5N0QR2BL  
    Cerar's government will have to bring the budget deficit 
down to 3 percent of gross domestic product (GDP) next year, as 
agreed with the European Commission, from about 4.2 percent seen 
in 2014. 
    The deficit soared to 14.7 percent of GDP last year when the 
government had to pour about 3.3 billion euros ($4.4 billion) of 
its own funds into a banking sector beset by bad loans. 
    Although Cerar is against selling strategic assets such as 
telecom operator Telekom Slovenia  TLSG.LJ , airport Aerodrom 
Ljubljana  ARPO.LJ , port Luka Koper  LKPG.LJ  and railways, he 
has expressed readiness to sell smaller state firms. 
 (Editing by Zoran Radosavljevic and Louise Ireland) 
 ((; +386-8-205-6369; Reuters 
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