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More Successful Operations of the Development Fund-Owned Companies

Ljubljana, 29 March - DEVELOPMENT/FUND/PRIVATIZATION
1995 was a turnpoint for most Development Fund-owned companies, as their 1984 total loss of DM 80 million was cut by half to DM 45 million in 1995, the Development Fund Director Valter Nemec told a news conference Friday. He added the Fund currently owns 29 companies employing a total of 15,500 workers, with unsolved problems remaining mostly in labour intensive branches, particularly textiles, leather and metal processing industries.

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