Weekly Review of Slovene Economy from 12 through 16 June

Ljubljana, 17 June - An International Monetary Fund mission, who were at a regular annual visit in Slovenia from 1 through 14 June, met with the representatives of the Bank of Slovenia and government departments, and discussed the situation and problems in economy, monetary and exchange policy, national budget, surplus in balance of payments, position of exporters, policy of salaries, and retirement and health insurance. Head of the IMF mission Russell Kincaide emphasized excellent results of Slovene Government and economy in reducing the inflation rate and increasing economy growth by 5 percent, and at the same time cautioned that Slovenia is approaching a new phase of transition in which it will have to confront new challenges of monetary stabilization and essential reform of retirement system, which is a very demanding task not only from technical but also political point of view.