The Slovenia Times

Motion Giving Parliament More Say in Privatisation Voted Down


The far-left party proposed changing the Slovenian Sovereign Holding act to make it obligatory for the holding to seek parliament's approval before selling corporations categorised as strategic and for all privatisations above EUR 50m.

Under the proposal, the National Assembly would first pass a strategy defining how important individual corporations were for the Slovenian economy, and then give its consent for strategic companies and those worth more than EUR 50m just before privatisation.

ZL deputy group leader Luka Mesec argued that the proposals were aimed at securing more thought-through privatisation, something that the ruling Party of Modern Centre (SMC) had been promising ahead of the 2014 election.

The party said the changes would make the privatisation process more transparent and make buyers of companies respect commitments on the preservation of jobs.

However, Finance Ministry State Secretary Metod Dragonja rejected the motion on the grounds that it would contravene "international guidelines of corporate management of state-owned corporations" and interfere in effective and independent management of state equity stakes.


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