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Review of Events in Slovenia from 20 through 26 February

Ljubljana, 27 February - The major development of last week was that the Slovene Succession Fund will no longer be able to legally prevent the Federal Republic of Yugoslavia (FRY) from using the assets of US$ 146 million, deposited with the Cyprus branch of the Beogradska Banka bank. The funds, which are part of the package of Yugoslav succession issues currently under discussion, had previously been frozen. They were unfrozen after the Cyprus supreme court confirmed on 23 February the ruling of the Nicosia district court that the district court had no jurisdiction over the case of Slovenia versus the Belgrade bank.

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