Latest News from Slovenia

FIVB Confirmed! Brazil Standing on the Way of Bulgaria for Tokyo 2020

The International Volleyball Federation (FIVB) officially confirmed the distribution of Tokyo Intercontinental Olympic Qualifying Teams in 2020, reports

Qualifications tournaments begin on August 2, 2019, with women's matches. The Bulgarian national team fell into Group C with the United States, Argentina and Kazakhstan.

Two dead in traffic accident in northern Serbia

The Interior Ministry (MUP) announced this, adding that three more people have been injured.

The accident happened around noon, close to the villages of Sajkas and Budisava.

An investigation is under way.

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Top Serbian officials' condolences to Russian counterparts

"Serbia was deeply shaken by the news of a tragedy in which a large number of citizens of the Russian Federation lost their lives. On behalf of the government of the Republic of Serbia and on my personal behalf, I am sending to you and to the families of the victims our deepest sympathy," the message read, and added:

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.

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.