Prime timber auction nets €4.5 million

The 17th annual auction of valuable timber in Slovenj Gradec in the north of the country saw an estimated €4.5 million worth of logs change hands. The log that fetched the highest price was sold to Italy.

The auction attracted 1,019 sellers, who put a total of 9,566 logs measuring a combined 9,720 cubic metres up for sale in what is the biggest amount yet.

Most of the sellers came from Slovenia, some from Austria and Croatia and for the first time the auction featured Hungarian forest owners.

Addressing reporters at the conclusion of the auction on 15 March, the...