Sava

Ljubljana – The insurance group Sava saw its half-year net profit reduced by a third year-on-year to EUR 28.9 million as operating revenue remained level at EUR 364.2 million. The company said the drop was mainly due the frequency of vehicle insurance claims returning to pre-pandemic levels.

Bled/Radovljica – The peak of the tourist season at Lake Bled resulted in large quantities of malodorous waste being washed off into the only outlet from the lake, the local environmental organisation has warned, adding that the Sava Bohinjka river is also full of algae. This resulted in the nearby fish farm having to euthanise thousands of fish due to poisoning.

Ljubljana – Economy Minister Zdravko Počivalšek said he would strive for the state to exercise the pre-emptive right to a 43% stake in the tourism company Sava, which the private equity fund York has agreed to sell to Prestige, a company backed by a Hungarian fund. The final decision will be made after talks with the buyer and the relevant state institutions.

As the biggest lover of lakes in the world I have seen more than 1330 lakes in Slovenia. Many of them are mostly suitable for fishing, some are created to be admired only, but in these hot summer days we are in a search of those, that invite us for a jump in a water.

Two Serbian NGOs, the Coalition against Environmental Corruption and the Podrinje Anti-Corruption Team, PAKT, on Tuesday said they had filed charges against Rio Sava Exploration and China Communications and Construction, CCCC, and their subcontractors, for environmental pollution.

Ljubljana – Slovenian Sovereign Holding (SSH) has increased the state stake in the spa company Terme Olimia to 98.25% as part of the efforts to create a state hospitality holding.

SSH acquired a further 20.64% stake in Terme Olimia in a public takeover bid that run out on Monday, according to a notice published in the newspaper Delo.

Jesenice – Work on the second tube of the Karavanke Tunnel on the border with Austria is on schedule. Turkish Cengiz workers have already bored some 550 metres of what is a roughly 3.5-km tube on the Slovenian side. No major problems have been encountered since boring started last August and is expected to be completed in two years.

Ljubljana – The Administrative Court has temporarily stayed the issuing of construction permit for the Mokrice hydro plant on the Sava river, the NGO Slovenian Native Fish Association (DPRS) said on Tuesday. The power producer HESS, which is to operate the plant, told the STA the procedure could continue as only the issuing of the permit had been suspended.

Ljubljana – The Competition Protection Agency has given the go-ahead for Slovenian Sovereign Holding (SSH) to take over spa operator Terme Olimia in what is seen as a step in the creation of a state hospitality holding.

Ljubljana – The government confirmed on Wednesday the 2021 plan for the managing of capital investments put forward by Slovenian Sovereign Holding (SSH). The custodian of state assets expects 4.2% return on equity, which is up 0.8 percentage points from what is expected this year. Dividends should remain level.