Latest News from Slovenia

Economic growth remains high and broadly-based; Investments are intensifying

Year-on-year GDP growth was higher in the third quarter (4.8%) than in the previous quarter (4.3%). The growth of economic activity (1.3%) also accelerated in relation to the previous quarter (0.9%) and exceeded the growth in the EU average (0.3%).

 

Graph: Quarterly GDP growth in Slovenia and the EU

 

Serbia 56th in Forbes Best Countries for Business list

Slovenia (31) is the top-ranked former Yugoslav state, followed by Croatia (52), with Macedonia (68), Montenegro (72) and Bosnia-Herzegovina (98) ranked behind Serbia.

As for other countries in the region, Albania is in the 74th place, while Hungary ranks 40th, followed by Romania (41), Greece (42) and Bulgaria (46).

Growth of "blockchain" community in BTC City Ljubljana

The trend has continued with new blockchain tenants in the BTC City Ljubljana with European Blockchain Hub as being one of the most recent tenants in the field. BTC City Ljubljana will continue to strengthen and expand the blockchain community and other stakeholders who are seeking opportunities in the sequencing technology of data blocks.

What will be the focus of bilateral relations in 2019

As neighboring countries, Italy and Slovenia share important bilateral relations: from trade and investment to tourist flows. In fact, Italy is Slovenia's second commercial partner with a 13.5% market share, whereas Slovenia is the main Italian partner from the former Yugoslavia plus Albania area, absorbing over a third of its total trade.

Political Overview

Cerar discusses US-Slovenia ties, Western Balkans in Washington

Economy Overview

Ratings agencies improve outlook for NLB

In December 2018, the rating agency, Standard and Poor's (S&P), upgraded the outlook for NLB bank from developing to positive, while affirming the long-term issuer credit rating at BB+ for Slovenia's largest bank. According to a release from NLB, the rating is based on the bank's strong performance and the partial privatisation.

Tax restructure high on Government agenda

In a report from May 2018, the OECD identified that only 14% of total tax revenues in Slovenia comes from income tax (the average in OECD countries being 25%), while it collects 40% from social contributions (the OECD average is 26%). According to their assessment, such a system increases the cost of work and discourages employers from hiring.

Florida in Slovenia

One of the greatest successes of Slovenian politics is the fact that it has not managed to establish an efficient and more importantly, rational model of local self-management in nearly three decades of Slovenian independence. In the times of the former socialist Yugoslavia, Slovenia had a total of 66 municipalities.

Romania is Now the 9th in the EU in Terms of GDP

The Bulgarian economy, calculated according to the Purchasing Power Parity (PPP) at current prices is as big as those of Croatia and Estonia combined. This shows calculations by the Eurostat statistical office for 2017. According to the data, our gross domestic product (GDP) for the past year, calculated on a PPP basis, is equal to 107.190 billion.

Consumption Per Capita Varied Between 54% and 132% of the EU Average

Actual Individual Consumption (AIC) is a measure of material welfare of households. Across the Member States in 2017, AIC per capita expressed in Purchasing Power Standards (PPS) varied from 54% of the European Union (EU) average in Bulgaria to 132% in Luxembourg.

Jurij Subic Tribute | Athens | To January 14

The Numismatic Museum pays tribute to Jurij Subic, the Slovenian painter invited to do the murals and ceiling paintings of the Ilion Melathron by Ernst Ziller, who had designed the mansion, and German archaeologist Heinrich Schliemann, who was to live there, in December 1879.

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