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Weekly Review of Slovene Economy from May 17 through 24

Ljubljana, 25 May - Continuing the 4th regular session, the National Assembly passed an amendment to the law on the Slovene Export Corporation at the beginning of the week. The amendment introduces a possibility of insurance coverage in case of exchange and currency risks, thus reducing these risks that could result form the floating tolar on foreign markets. Lawmakers adopted also amendments to the law on sureties of the Republic of Slovenia for enterprises whose liabilities emerge from debt rehabilitation. According to the law, when a debtor and a bank have reached a credit contract or a rider to a contract they have to set terms of crediting the debtor until part of the debt that has not been written off or squeezed is paid back. Removed from the agenda was a draft law on privatization conclusion. It will not be discussed until draft legislation concerning the privatization of property owned by legal persons and the state has wound up. Parliament swiftly adopted a law on a special tax on vehicles and an amendment to the laws on disbursed wages and on factory inspection service on the last day of the 4th session. By amending the law on the tax on disbursed wages, the Parliament rose the tax limit of gross wages from SIT 90,000 to SIT 110,000, introducing five different tax brackets and imposing a 15-percent tax on wages over SIT 750,000 gross. The law on the inspection of factories authorizes a factory inspector to take punitive measures against employers if workers rights are violated.

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