State offers loan guarantees to Slovenia

June 17, 1992|By Liz Atwood | Liz Atwood,Staff Writer

The state of Maryland is trying to entice the former Yugoslavian republic of Slovenia to do business here by offering it loan guarantees to buy Maryland products or use state services.

Although the U.S. government has yet to extend diplomatic relations to Slovenia, Gov. William Donald Schaefer and members of his Cabinet have decided to extend their own recognition. The state has agreed to guarantee up to $1 million for each transaction between that country and Maryland, officials said.

Such transactions include buying goods from Maryland companies, employing state brokers for purchases or shipping through the port of Baltimore or Baltimore-Washington International Airport.

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