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Weekly Review of the Slovene Economy from 18 to 24 May

Ljubljana, 26 May - The sale of a five-percent stake in Slovenia's largest bank, NLB, to the EBRD was approved by the government on Thursday, 23 May. The EBRD is to pay 63.9 million euros for the stake. As a result of recent ownership changes in NLB, the bank is to get a new management board, which is to be on the agenda of the NLB supervisory board on 30 May. Moreover, in a bid to save some 15 billion tolars or EUR 66.5 million, the finance ministry was tasked on the same day to draft a supplementary budget by 30 May at the latest. Another interesting development from last week was an announcement made on 20 May by the People's Party, a junior coalition party, which said it would collect 30 MPs' signatures to ask the Constitutional Court to examine whether a bill on ratification of a Slovene-Croatian accord on the jointly-owned N-plant was in line with the Constitution.

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