Luka Koper Dd logo

LKPG - Luka Koper Dd News Story

€21 0.2  1.0%

Last Trade - 9:35am

Sector
Industrials
Size
Small Cap
Market Cap £247.5m
Enterprise Value £260.7m
Revenue £181.7m
Position in Universe 126th / 646

Slovenia PM-designate to form 3-party coalition

Thu 21st August, 2014 8:47am
By Marja Novak 
    LJUBLJANA, Aug 21 (Reuters) - Slovenia's new government will 
be a three-party centre-left coalition which will have 52 seats 
in the 90-seat parliament, the head of the Party of Miro Cerar 
(SMC), which won July's snap election, said late on Wednesday. 
    Law professor and political novice Miro Cerar, who became 
PM-designate on Tuesday, said he would invite into government 
the pensioners' party Desus and the centre-left Social 
Democrats.  
    Both parties are sceptical about the privatisation which 
Slovenia has pledged to carry out to consolidate its public 
finances. The country saw its deficit soar to 14.7 percent of 
GDP late last year when it narrowly avoided an international 
bailout for its banks. 
    "We are determined to form a strong and quality government 
that Slovenia needs at this moment," Cerar told reporters after 
his party's board meeting.  
    President Borut Pahor nominated Cerar as prime minister on 
Tuesday and parliament is expected to confirm his nomination on 
Aug 25.  ID:nL5N0QP2CM      
    Coalition talks are expected to be completed next week while 
Cerar will have to nominate his cabinet in early September. 
    Cerar said his party decided against inviting the 
centre-left party of the outgoing Prime Minister Alenka Bratusek 
into the coalition. He said this was because Bratusek's former 
party caused the political crisis in the country and because the 
government she led nominated her as a candidate to be Slovenia's 
next EU commissioner, a decision which has been widely 
criticised as unethical. 
    Slovenia held a second early election in a row on July 13 
because Bratusek resigned in May after she lost the battle for 
the leadership of her former party, the Positive Slovenia. 
    Meanwhile, Slovenia continues the privatisation processes of 
telecoms operator Telekom Slovenia  TLSG.LJ  and airport 
Aerodrom Ljubljana  ARPO.LJ  although Cerar had said he was 
opposed to privatisation of important strategic firms like 
Telekom, Aerodrom, port Luka Koper  LKPG.LJ  and railways but 
would support the sale of other state firms. 
    Slovenia, which declared independence from the former 
Yugoslavia in 1991, has been reluctant to privatise state firms 
over the past two decades so the government still controls about 
50 percent of the economy. 
 
 (Reporting By Marja Novak; Editing by Toby Chopra) 
 ((Marja.Novak@thomsonreuters.com; +386-205-6369; Reuters 
Messaging: marja.novak.thomsonreuters.com@reuters.net)) 
 
Keywords: SLOVENIA GOVERNMENT/
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.