Shareholders of Zavarovalnica Maribor, Slovenia’s third biggest insurance company, at a general assembly last month decided to cover part of the 2001 losses of 5.61 billion tolars (24.7 million Euro). As such, the insurer will use its reserves of 47 million tolars (210,000 Euro), as well as 1.3 million tolars (5,700 Euro) of profit from previous years. This will leave the company with a balance sheet loss totalling 5.56 billion tolars (24.4 million Euro), which the company attributes to the need...

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