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Slovenia’s economy expanded by 2.5% last year

By   /  28/02/2017  /  Finance, SI Finance, Slovenia  /  Comments Off on Slovenia’s economy expanded by 2.5% last year

  Slovenia’s gross domestic product (GDP) increased last year by 2.5%, shows preliminary data from the Statistics Office. This is an improvement of 0.2 percentage points compared to the GDP growth figure in 2015. The first estimates show that the country’s GDP reached EUR 39.769bn, which in nominal terms represents a 3.1% growth compared to […]

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Slovenian FinMin says NLB privatisation procedures will continue as planned

By   /  24/01/2017  /  Business, Finance, SI Business, SI Finance, Slovenia  /  Comments Off on Slovenian FinMin says NLB privatisation procedures will continue as planned

Finance Minister Mateja Vraničar Erman did not ask for an extension of the deadline by which Slovenia should privatise its largest bank. Slovenian Finance Minister  met Competition Commissioner Margrethe Vestager on Monday, but said the process would for the time being continue as planned. Speaking after the meeting in Brussels, Vraničar Erman said the key […]

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Slovenia takes out EUR 1.3bn in fresh debt

By   /  18/01/2017  /  Finance, SI Finance, Slovenia  /  Comments Off on Slovenia takes out EUR 1.3bn in fresh debt

Slovenia has issued a new EUR 1bn ten-year bond due in March 2027 with a coupon rate of 1.250% plus a EUR 300m tap on its 30-year bond due in August 2045 whose yield is 2.428%, the Finance Ministry has said. The ministry expressed satisfaction with both issues and the demand they attracted, which it […]

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Budget deficit at EUR 687m in 2016, significantly below plans

By   /  17/01/2017  /  Finance, SI Finance, Slovenia  /  Comments Off on Budget deficit at EUR 687m in 2016, significantly below plans

Slovenia recorded a budget deficit of EUR 689m in 2016, significantly below the EUR 839m budgeted for the year, according to preliminary data released by the Finance Ministry on Tuesday. Excluding interest expenditure, which amounted to EUR 1.06bn, the budget had a surplus of EUR 346m. Budget revenue totalled EUR 8.31bn, over four percent less […]

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Daily newspaper Finance upset with public sector pay deal

By   /  19/12/2016  /  Finance, SI Finance, SI Social, Slovenia, Social  /  Comments Off on Daily newspaper Finance upset with public sector pay deal

Ljubljana -In the past three years, government negotiations with the public sector dragged into December and although the ministers said there was no money… … a Christmas miracle happened every time and money magically appeared, the daily Finance comments pay deal between the government and the public sector trade unions. There is a bitter aftertaste: […]

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Govt issues guarantee for EUR 520m loan for bad bank

By   /  08/12/2016  /  Finance, SI Finance, Slovenia  /  Comments Off on Govt issues guarantee for EUR 520m loan for bad bank

The government on Wednesday issued a state guarantee for two loans to be taken out by the Bank Asset Management Bank (BAMC) to refinance its obligations stemming from the bank rescue operation. BAMC will borrow EUR 150m from Erste Group and EUR 370m from a syndicate of Slovenian banks. The bad bank will take out […]

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Panel finds EU crucial for Slovenian economy

By   /  18/11/2016  /  Business, Finance, SI Business, SI Finance, Slovenia  /  Comments Off on Panel finds EU crucial for Slovenian economy

Panellists at a discussion on the future of the EU organised by the Foreign Ministry on Thursday agreed that the EU was crucial for the Slovenian economy. Foreign Minister Karl Erjavec stressed that the current prosperity would not be possible without the EU. According to the minister, it has transpired in the 2008 economic crisis […]

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IMF Slovenia growth forecast marked up for 2016, down for 2017

By   /  05/10/2016  /  Finance, SI Finance, Slovenia  /  Comments Off on IMF Slovenia growth forecast marked up for 2016, down for 2017

Ljubljana, October 5, 2016/Independent Balkan News Agency The International Monetary Fund (IMF) has upgraded its forecast for Slovenia this year to 2.3%, from 1.9% in its spring outlook, but marked down the forecast for 2017 by 0.2 percentage point to 1.8%. The forecasts were released by the IMF on Tuesday in its October 2016 World […]

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Cerar argues mini tax reform to improve competitiveness

By   /  20/09/2016  /  Finance, Politics, SI Finance, SI Politics, Slovenia  /  Comments Off on Cerar argues mini tax reform to improve competitiveness

Ljubljana, September 20, 2016/Independent Balkan News Agency Prime Minister Miro Cerar told MPs on Monday that the restructuring of the tax system prepared by the government aimed at boosting competitiveness of the economy and disburdening the lower classes. He rejected criticism that the planned mini tax reform would bring more to the rich than the […]

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Moody’s changes outlook on Slovenia’s Baa3 rating to positive

By   /  19/09/2016  /  Finance, SI Finance, Slovenia  /  Comments Off on Moody’s changes outlook on Slovenia’s Baa3 rating to positive

Ljubljana September 19, 2016/Independent Balkan News Agency Rating agency Moody’s has preserved Slovenia’s credit rating at Baa3 while upgrading the outlook from stable to positive. The agency highlighted on Friday an improved situation as regards public deficit and debt, while calling for structural and institutional reforms. Moody’s wrote that the decision to change the outlook […]

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