Slovenia's parliament to hold vote of confidence this weekNovember 11, 2013 - 16:23 AMT PanARMENIAN.Net - Slovenia's parliament will hold a vote of confidence on Thursday, Nov 14, in the government of the small eurozone country which is trying to avoid an international bailout, Reuters reported. Analysts expect Prime Minister Alenka Bratusek's center-left government to win the vote, which a parliamentary spokeswoman said on Monday would be linked to amendments to the 2014 budget. "The government coalition continues to support Bratusek in spite of some differences between the parties," said Borut Hocevar, a political analyst at daily Finance. But he said winning the vote would not solve Slovenia's financial problems, which depend on the cost of tackling some 7.9 billion euros ($10.6 billion) of bad loans - more than a fifth of economic output - at mainly state-owned banks. The government says it can avert a bailout by reforms including higher taxes, spending cuts and privatization. The latest budget amendments focus on taxes on real estate. The government plans to recapitalize banks later this year or in early 2014 after the results of external stress tests are published on December 13. It has earmarked 1.2 billion euros for bank recapitalization but credit rating agency Fitch said on Friday the tests could put the figure at 4.6 billion euros. According to the amended budget, the central budget deficit, which does not include bank recapitalization, would fall to 2.9 percent of GDP in 2014 from 4 percent of GDP seen this year. Slovenia was badly hit by the global financial crisis due to its dependency on exports and fell into a new recession in 2012 due to lower export demand, the credit crunch and the squeeze on domestic spending from budget cuts. Related links: Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |