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SRD Dissolution Encounters Complications in Second Phase

Ljubljana, 2 May - The first phase of the dissolution of the Slovene Development Corporation (SRD) that foresaw a conversion of specific government claims into SRD reserves and a supply of fresh capital has been completed, has assured Economics Minister Tea Petrin. However, the second stage during which a liquidation plan should be adopted is running behind schedule, as the three-phase dissolution programme, adopted by the government in February, had anticipated a liquidation manager to be appointed by 21 April.

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