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Review of the Slovenian Economy from 24 to 30 August

Ljubljana, 1 September - Inflation continued to rise in the past month, as consumer prices went up 0.1 percent, which resulted in an annual inflation rate of 7.3 percent in August. Still more worrying for the central bank are the upcoming events on the Slovenian capital market, as Slovenia is about to see the largest takeover deal ever with the announced partnership between Switzerland' Novartis and the Ljubljana-based drug maker Lek. The high purchase price is sure to cause the central bank concern about how to offset the effect of foreign exchange inflow on the domestic money supply. In another takeover story, the brewer Pivovarna Lasko came out as the winner at the end of the week in the attempt to secure itself 41.2 percent of voting rights at the upcoming Union AGM. Meanwhile, poultry producer Perutnina Ptuj will become the largest food-producing company in Slovenia after it successfully acquired two Slovenian firms.

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