Weekly Review of Slovene Economy from 7 through 13 August

Ljubljana, 15 August - The Ljubljana Stock Exchange (LSE) saw an eventful week in spite of the summer ease. While turnover was low if lot deals are not taken into account, share prices in general were up. The hot stock this week was Kovinotehna which climbed by as many as 22 percent. Lek also had a tough week at LSE which suspended trading with Lek shares after Lek signed a contract with a foreign partner. Flight controllers announced they would go on strike in early September to protest the disorderly state of affairs in the National Aviation Administration. Also in September, all cargo transport is to be blocked as the truck drivers trade union SAS is to go on strike. The government earmarked SIT 118.6 million of state aid for the renovation of 48 buildings in the Posocje region which was hit by a devastating earthquake a year ago. The companies Iskratel and Aerodrom Ljubljana have proven it is possible to make profit in Slovenia. This, however, was not true of Elan's facility in Brnca where lay-offs are planned.