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Development Fund Presents Its Activities and Results

Ljubljana, 18 October - DEVELOPMENT/FUND
The management of the Development Fund of Slovenia presented the Fund's development activities at a news conference on Friday. They talked also about the privatization of the companies owned by the Fund. According to Director Valter Nemec, the co-financing of investment projects, which is the primary task of the Development Fund, has been put out to three public tenders by now; that was in 1992, 1994 and at the end of 1995. On the basis of the first two public tenders the Fund co-financed 16 investment projects, which provided 382 new jobs, while the total amount of investments equaled 13.3 million German marks.

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