Europe

Slovenia's finance minister resigns for 'personal reasons'

Slovenia's Finance Minister Dusan Mramor has resigned citing "entirely personal reasons."

Mramor, 62, was considered one of the most influential members of Prime Minister Miro Cerar's center-left government.

Over the past two years, Mramor helped improve the country's financial health through a series of austerity measures.

In 2013, the small EU-member country narrowly avoided an international bailout of its banks. Under Mramor's control, the government managed to reduce the budget deficit to below 3 percent of GDP in 2015 and reduce high unemployment rate.

Mramor, a professor at the Ljubljana university, will be replaced by Development Minister Alenka Smerkolj until a successor is appointed.