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Review of Slovenian Economy from June 27 to July 2

Ljubljana, 1 July - The Economy Council at the Prime Minister's Office discussed the results of economy trends in the first five months of 1994 - the so-called May Analysis on Monday. The analysis, which is a basis for the preparation of the state budget for 1995, shows a growth of industrial production and if favourable trends are to continue, a 4 per cent growth of gross domestic product and 13 to 20 per cent inflation are expected at the end of the year. The Prime Minister announced that the government and the Bank of Slovenia were to start discussing the convertibility of Slovenian tolar soon, but only after the opinions in the negotiations about the debts from the past with foreign creditors are more clear.

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