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Paloma's Debts to Nova kreditna banka Maribor Payed Off

Ljubljana, 10 November - The Slovene Development Corporation (SRD) on Friday signed a contract with the Nova kreditna banka Maribor (NKBM), by which the SRD will buy off part of the debts of the paper producer Paloma in the Nova kreditna banka Maribor, which amount to a total of SIT 1.2 million (5,700 euro). The rest of the debts will be converted with a moratorium, SRD chairman of the board Marjan Rekar told STA. Part of the money is to be paid to the NKBM on Friday or Monday, Rekar said. Matjaz Kovacic, member of the NKMB board, told STA that the moratorium should allow investment activity of Paloma.

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