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Railways Unveil Plan to Get out of the Red

Ljubljana, 23 December - The supervisory board of the Slovenian Railways presented on Monday the long-term plan for the restructuring of Slovenia's largest employer, which has amassed huge debts over the past years. A central part of the restructuring plan is a proposal for the state - which owns 100 percent of the company - to supply fresh capital of SIT 32bn (EUR 132m), while the company itself would assume SIT 35bn (EUR 152m) of old debt, supervisory board chairman Blaz Miklavcic told the press.

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