EU Agrees to Slovenia's Request for Transitional Period

Brussels, 26 May - The European Union on Friday agreed to Slovenia's request for a transitional period in adopting the European Community Law, which is the first such concession made by the EU in the first wave of enlargement. Slovenia's request for additional two years to harmonise with the directive that stipulates a minimum capital of one million euros for savings banks and savings and credit services is in line with the requirements for the transitional measures, the EU established in negotiations with Slovene officials in Brussels.