"Slovenia’s Statistical Office has released its latest data for consumer confidence and overall economic sentiment in the country, which pointed to a continuing decline in January that dragged the indices to an all-time low.
As even the most optimistic forecasts expect up to 1.1% GDP growth this year after more than 4% in 2008, the consumer confidence indicator declined by a seasonally adjusted 9 percentage points in January compared to December, and unemployment outlook for the current year worsened.
Compared to the previous year, the confidence indicator was 24 percentage points below last year's average."
Source: SEE news
Wednesday, January 28, 2009
Friday, December 19, 2008
EU calls for end to Croatia-Slovenia border spat
"France urged Slovenia and Croatia Friday to end a 17-year-old border dispute amid worries it could hamper Croatia's bid to join the EU.
Slovenia on Friday used its veto power as an EU member to prevent the 27-nation bloc from speeding up membership negotiations with Croatia, apparently because of the border dispute.
The dispute, which involves a dispute over sea rights and various smaller tussles over land borders, dates back to 1991, when the two nations seceded from the former Yugoslav federation.
Bruno Le Maire, France's European affairs minister, urged Slovenia not to use the border dispute as an excuse to continue blocking entry talks with its Balkan neighbor."
Source: International Herald Tribune
Slovenia on Friday used its veto power as an EU member to prevent the 27-nation bloc from speeding up membership negotiations with Croatia, apparently because of the border dispute.
The dispute, which involves a dispute over sea rights and various smaller tussles over land borders, dates back to 1991, when the two nations seceded from the former Yugoslav federation.
Bruno Le Maire, France's European affairs minister, urged Slovenia not to use the border dispute as an excuse to continue blocking entry talks with its Balkan neighbor."
Source: International Herald Tribune
Friday, December 12, 2008
Al Gore Promotes Climate Change in Slovenia
According to the Slovene News agency STA, "Former US Vice President turned environmental activist Al Gore paid a highly publicised visit to Slovenia on Wednesday aimed at promoting the debate on climate change. He met with the highest Slovenian officials, including President Danilo Tuerk and Prime Minister Borut Pahor."
The 'highly publicized' visit of Al Gore did not receive any international coverage, however, and local media journalists were keen to point out that many of the VIPs and other guests who attended Gore's presentation had arrived in SUVs and other gas guzzlers!
The 'highly publicized' visit of Al Gore did not receive any international coverage, however, and local media journalists were keen to point out that many of the VIPs and other guests who attended Gore's presentation had arrived in SUVs and other gas guzzlers!
Tuesday, December 9, 2008
D&B: Direct impact of the crisis on Slovenia minor
"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
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
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
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