Vote on Slovenia Wealth Fund Would Delay Creation

A possible referendum on Slovenia’s sovereign wealth fund would delay the formation of the body meant to put state assets under its control by two or three months, Finance Minister Janez Sustersic said in an interview with public broadcaster TV Slovenija.

The threat by the opposition Social Democrats to call a plebiscite on the fund, which was approved by Parliament on Sept. 28, “would not be an optimal way to move forward,” Sustersic told the broadcaster late yesterday.

The wealth fund is designed to manage assets worth more than 10 billion euros ($12.8 billion).

To contact the reporter on this story: Boris Cerni in Ljubljana at bcerni@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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