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Weekly review of Slovene economy from 27 February through 5 March

Ljubljana, 7 March - The week was dominated by events in the business sector. Economics Minister Metod Dragonja stepped down after he was appointed vice chairman of the board in the pharmaceuticals maker Lek. Both Slovenia's pharmaceuticals manufacturers, Ljubljana's Lek and Novo mesto-based Krka last year reported lower profits than the year before. Several other companies announced their 1998 business results this week, the story about selling the car-maker TAM remained unended, and Minister of Ecomomic Relations and Development Marjan Senjur soothed public anxiety stressing there were no signs of recession. Another resounding notice this week was the recommendation of several commercial banks for ceiling interest rates, which caused the most concern in the Bank of Slovenia.

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