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Review of the Slovenian Economy from 14 to 20 September

Ljubljana, 22 September - The Agency for Insurance Supervision launched a procedure to revoke the operating license of Slovenia's largest insurance company Zavarovalnica Triglav as well as to withdraw the licenses of the insurer's two leading executives, following Triglav's supervisory board refused to comply with the agency's demand to dismiss the two executives for failing to provide demanded financial information. A week ahead of AGM of the Slovenian leading drug-maker Lek, which is to decide whether to adopt changes to Lek's statue and thus enable Swiss bidder Novartis to takeover the company, Lek's two largest shareholders, the state funds KAD and SOD, caused great stir by suggesting that Novartis offer is too low. The state meanwhile put on sale another nine percent of the country's major bank NLB.

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