Slovenia to ease portfolio investment rules

The Bank of Slovenia said on Monday it would ease restrictions for foreign portfolio investment next month as part of its drive to harmonise its regulations with those of the European Union by the end of 2002.

The central bank will reduce the quarterly rate foreigners have to pay to sell securities back to domestic buyers within a year of purchase to 0.2% of the asset value from 0.4%. Slovenia's stock market has been suffering from poor liquidity for several years mainly due to a lack of

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