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Slovenia's Economy Posted a Loss of SIT 300 Billion in 2001

Ljubljana, 19 April - Slovene companies incurred a net loss of SIT 299.4 billion (EUR 1.3 billion) in 2001 after posting a profit for three years in a row, according to a report released by the Agency for Payments (APP) on Friday. The loss is mainly a result of a revaluation of immovables, machinery and equippment in 15 mining and electricity companies. Had the performance of those companies not been taken into account, the economy would have posted a net profit of SIT 115.1 billion (EUR 512 million).

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© STA, 2002