"The rating agency Dunn& Bradstreet preserved Slovenians DB2b risk rating in December, while the ratings trend is deteriorating as in most countries.
The Agency established that the direct impact of the global financial crisis on Slovenia is minor, largely due to the dominance of traditional and relatively simple financial instruments in the country, adequate supervision of banks, low balance of payments deficit, and the fact that the country is in the euro area."
Source: emportal
Tuesday, December 9, 2008
Thousands on Facebook want Slovenia's Rupel out
"More than 13,600 people have joined an Internet group urging Slovenia's 'perennial foreign minister,' Dimitrij Rupel, to retire from political life.
Rupel, who held the post in several governments after independence in 1991, attracted criticism when he swapped parties to allow him to retain the post from 2004 to 2008, a period that covered Slovenia's presidency of the European Union.
Now, despite being a member of the defeated centre-right Slovenian Democratic Party, his fourth party since 1991, he has been made special foreign policy adviser by the new ruling party, the centre-left Social Democrats.
A day after the announcement, his critics set up the 'Together Against Dimitrij Rupel' group on the social networking website Facebook."
Source: Reuters
Rupel, who held the post in several governments after independence in 1991, attracted criticism when he swapped parties to allow him to retain the post from 2004 to 2008, a period that covered Slovenia's presidency of the European Union.
Now, despite being a member of the defeated centre-right Slovenian Democratic Party, his fourth party since 1991, he has been made special foreign policy adviser by the new ruling party, the centre-left Social Democrats.
A day after the announcement, his critics set up the 'Together Against Dimitrij Rupel' group on the social networking website Facebook."
Source: Reuters
Monday, November 24, 2008
Slovenia unlikely to privatise big financial institutions
"Eurozone member Slovenia plans to retain large stakes in main financial institutions and companies, centre-left Prime Minister Borut Pahor said on Thursday.
'It is crucial that some important financial institutions, like Nova Ljubljanska Banka (NLB) and Zavarovalnica Triglav, and some other companies remain in majority Slovenian ownership,' Pahor said at a financial conference.
'It is crucial that some important financial institutions, like Nova Ljubljanska Banka (NLB) and Zavarovalnica Triglav, and some other companies remain in majority Slovenian ownership,' Pahor said at a financial conference.
The government and its investment funds own large or majority stakes in the country's largest bank NLB and the largest insurer Zavarovalnica Triglav.
'As it turned out it is very important particularly for small economies to have financial institutions that customers can count on,' Pahor added."
Source: Forbes.com
Sunday, November 23, 2008
Slovenia parliament approves new centre-left cabinet
"Slovenia's parliament has approved the 18-member cabinet of new centre-left Prime Minister Borut Pahor, who has pledged his government will focus on dealing with the financial crisis.
'We will focus on overcoming the financial and economic crisis so as to beat it with a development policy rather than a passive one,' Pahor told parliament before the vote.
The assembly approved the cabinet by 56 votes to 30.
Pahor's Social Democrats (SD) ousted former conservative prime minister Janez Jansa in a closely contested parliamentary election in September.
Pahor, 45, formed a coalition with two centre-left parties, Zares and the Liberal Democracy (LDS), and the pensioners' party Desus, which had been a junior partner in the Jansa government. The four parties together hold 50 out of 90 seats in parliament.
Pahor told parliament he would enforce social dialogue with trade unions and employers, curb budget spending and raise investment incentives in order to boost the competitiveness of the Slovenian economy.
He also promised tax cuts and pointed out wage growth will have to lag behind productivity growth by at least one percentage point in order to keep the economy competitive."
Source: tvnz.co.nz
'We will focus on overcoming the financial and economic crisis so as to beat it with a development policy rather than a passive one,' Pahor told parliament before the vote.
The assembly approved the cabinet by 56 votes to 30.
Pahor's Social Democrats (SD) ousted former conservative prime minister Janez Jansa in a closely contested parliamentary election in September.
Pahor, 45, formed a coalition with two centre-left parties, Zares and the Liberal Democracy (LDS), and the pensioners' party Desus, which had been a junior partner in the Jansa government. The four parties together hold 50 out of 90 seats in parliament.
Pahor told parliament he would enforce social dialogue with trade unions and employers, curb budget spending and raise investment incentives in order to boost the competitiveness of the Slovenian economy.
He also promised tax cuts and pointed out wage growth will have to lag behind productivity growth by at least one percentage point in order to keep the economy competitive."
Source: tvnz.co.nz
Wednesday, October 22, 2008
Slovenia gives Britain's queen a Lipizzaner horse
"Slovenia gave Britain's queen a prized Lipizzaner stallion during her visit to this Alpine nation Wednesday — but she won't be taking the horse home to meet the rest of the royal menagerie.
The 16-year-old horse, 085 Favory Canissa XXII, is so precious to the identity of this tiny nation of 2 million that Queen Elizabeth II decided to leave him in the care of the Lipica stud farm in western Slovenia. The meticulously trained horses are known for being able to perform highly stylized prancing, jumps and other moves.
'He's a real stallion: Sometimes, he cannot concentrate on training because he thinks about mares all the time,' said the horse's chief trainer, Igor Maver.
The symbolic gift becomes another addition to a tradition of feathered, furry or four-legged presents. In the past, the royals have been given sloths, tortoises, pygmy hippopotami — among other creatures.
Most end up in zoos and sanctuaries — so it seems fitting the latest addition will remain back at the stud farm for horses so ingrained in the national culture their image is stamped on coins."
Source: Associated Press
The 16-year-old horse, 085 Favory Canissa XXII, is so precious to the identity of this tiny nation of 2 million that Queen Elizabeth II decided to leave him in the care of the Lipica stud farm in western Slovenia. The meticulously trained horses are known for being able to perform highly stylized prancing, jumps and other moves.
'He's a real stallion: Sometimes, he cannot concentrate on training because he thinks about mares all the time,' said the horse's chief trainer, Igor Maver.
The symbolic gift becomes another addition to a tradition of feathered, furry or four-legged presents. In the past, the royals have been given sloths, tortoises, pygmy hippopotami — among other creatures.
Most end up in zoos and sanctuaries — so it seems fitting the latest addition will remain back at the stud farm for horses so ingrained in the national culture their image is stamped on coins."
Source: Associated Press
Queen thanks Slovenia for support
The Queen has thanked Slovenia for the support the nation has given to British troops in Afghanistan and Iraq.
She spoke while at a state banquet, held in her honour, at the 16th century Brdo Castle near the capital Ljubljana.
The Queen and the Duke of Edinburgh are on a two-day state visit to the country at the behest of president Danilo Turk.
It is the first time they have been to Slovenia since its independence from the former Yugoslavia in 1991 and entry into the European Union in 2004.
Speaking to an audience of 80 guest, the monarch congratulated Slovenia, one of Europe's youngest countries, on its transformation since independence.
She said: 'This achievement has been all the more striking when we recall that it is only 17 years since you first emerged as an independent European nation."
Source: BBC
She spoke while at a state banquet, held in her honour, at the 16th century Brdo Castle near the capital Ljubljana.
The Queen and the Duke of Edinburgh are on a two-day state visit to the country at the behest of president Danilo Turk.
It is the first time they have been to Slovenia since its independence from the former Yugoslavia in 1991 and entry into the European Union in 2004.
Speaking to an audience of 80 guest, the monarch congratulated Slovenia, one of Europe's youngest countries, on its transformation since independence.
She said: 'This achievement has been all the more striking when we recall that it is only 17 years since you first emerged as an independent European nation."
Source: BBC
Tuesday, October 21, 2008
British monarch pays first state visit to Slovenia
"Queen Elizabeth II of Britain and her husband, the Duke of Edinburgh, paid their first state visit to Slovenia on Tuesday at the invitation of Slovenian President Danilo Tuerk.
The 82-year-old monarch and the Duke were welcomed at the Joze Pucnik airport in the Slovenian capital Ljubljana by British ambassador Tim Simmons and several Slovenian officials, Slovenian news agency STA reported.
The royal couple then traveled in a motorcade to the nearby Brdo Castle, to be met by President Tuerk and First Lady Barbara Miklic Tuerk with full state honors.
After the talks, the Queen and her host exchanged state honors and gifts. President Tuerk decorated the Queen with the Order for Exceptional Services of the Republic of Slovenia, while he received the Most Honorable Order of the Bath."
Source: Xinhua
The 82-year-old monarch and the Duke were welcomed at the Joze Pucnik airport in the Slovenian capital Ljubljana by British ambassador Tim Simmons and several Slovenian officials, Slovenian news agency STA reported.
The royal couple then traveled in a motorcade to the nearby Brdo Castle, to be met by President Tuerk and First Lady Barbara Miklic Tuerk with full state honors.
After the talks, the Queen and her host exchanged state honors and gifts. President Tuerk decorated the Queen with the Order for Exceptional Services of the Republic of Slovenia, while he received the Most Honorable Order of the Bath."
Source: Xinhua
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