Business News


NKBM, Telekom, 13 Other Companies Slated for Privatization

Ljubljana, 09 May (STA) - The government decided Thursday to privatize NKBM, Slovenia's second largest bank, Telekom Slovenije, the leading telecommunications provider, and another 13 smaller companies in a bid to get much needed funds to plug the gaping budget shortfall.

The list of major companies for sale includes flag carrier Adria Airways and its maintenance arm Adria Tehnika, airport operator Aerodrom Ljubljana, and sports goods maker Elan.

Stakes in smaller firms such as chemical companies Aero, Helios and Cinkarna Celje, laser maker Fotona, paper company Paloma, food company Žito, tool maker Unior and spa operator Terme Olimje will also be offloaded.

Finance Minister Uroš Čufer said the entire state stakes in these companies would be put up for sale.

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