NEWS

Prime Minister Pahor visits Slovenian Railways: the risk of bankruptcy no longer exists

The Prime Minister of the Republic of Slovenia, Borut Pahor, accompanied by the Minister of Transport, Patrick Vlačič, today made his seventh visit to Slovenian Railways headquarters. At the meeting, the management of the company presented Slovenian Railways business figures for the first four months of the year. It was established that results were improving, mainly on account of business measures taken by the management and due to improved economic growth. In his statement to the press at the end of the meeting, Prime Minister Pahor said that: "Slovenian Railways have achieved a positive operating result after a lengthy period, and I am pleased to see our joint work and visits to Slovenian Railways have yielded results. We were able today to establish, on the basis of gathered data, that the process goes in the right direction, slowly, but definitely in the right direction."

    

(Photo: Matej Leskovšek/STA)

    

At the presentation of strategic basis for development of Slovenian Railways, the concept of measures envisaged to ensure a long-term financial sustainability and planned legislative amendments governing railway sector in the Republic of Slovenia were also presented. According to Transport Minister Vlačič, a decision package will be submitted to the Government of the Republic of Slovenia in June. At today's meeting, the participants agreed to continue the rehabilitation programme, which is a prerequisite for the successful modernisation of Slovenian Railways. Prime Minister Pahor also said that Slovenian Railways were no longer at risk of bankruptcy that had threatened the company at the time of his first visit; however, questions relating to capital increase still remained unresolved.