Slovenia to Hold Early Vote on July 13 as Parliament Dissolved

Slovenian President Borut Pahor dissolved parliament and scheduled an early election for July 13, pushing for a quick formation of a new government after Prime Minister Alenka Bratusek quit last month.

Pahor, speaking at a press conference in the capital Ljubljana, disbanded the 90-member assembly after parliamentary speaker Janko Veber informed him that no candidate for the premier’s post was proposed in the last stage of the process that started with the resignation of Bratusek on May 5. Regular elections were set for the second half of 2015.

“We may have a new government by mid-September,” Pahor said today. “Slovenia has emerged from a crisis and we are now seeing signs of an economic recovery.”

Slovenia is set to get its fourth government since 2008 as the global crisis pushed the country into a recession and hit domestic banks. The new administration will need to continue the banking industry’s overhaul after Bratusek spent 3.2 billion euros ($4.4 billion) last year to restore its stability and avoided seeking an international bailout. Bratusek pushed for austerity moves to lower the budget deficit that ballooned on the bank rescue cost and put her at odds with her own party members just as the economy started to recover.

Gross domestic product in the euro-region member rose for a second consecutive quarter as exports to Europe picked up and the construction industry improved. GDP increased an annual 1.9 percent in the first three months of the year after expanding 2.1 percent in the last quarter of 2013. The economy is to grow 0.6 percent in 2014, according to central bank forecasts.

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

To contact the editors responsible for this story: James M. Gomez at jagomez@bloomberg.net Pawel Kozlowski, Mark McCord

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