Economy in Slovenia

  • Europe in 2016: Terror fears, migration, politics. But economy may turn a corner

    ALBANIA, 2016/01/02

  • Global growth will be disappointing in 2016: IMF's Lagarde

    AFGHANISTAN, 2016/01/02 World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide. Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.

  • Revised IMF forecasts signal gloom on global economic outlook

    AFGHANISTAN, 2015/01/20 Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday. In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.

  • Slovenia's consolidated gross deficit totalled 21.9 billion euros

    SLOVENIA, 2014/01/02 Slovenia's consolidated gross deficit totalled 21.9 billion euros, or 62.6% of its Gross Domestic Product at the end of the third quarter of 2013, the Slovenian national statistical office reported on Monday. "Consolidated gross deficit of the general government at the end of the third quarter of 2013 amounted to EUR 21,922 million or 62.6% of GDP, which is EUR 48 million additional than at the end of the second quarter, at the same time as it stood at EUR 21,873 million or 62.6% of GDP. Consolidated gross deficit of the general government was at the central level estimated at EUR 21,365 million or 61.0% of GDP, at the local government level at EUR 700 million or 2.0% of GDP and at the social security funds level at EUR 77 million or 0.2% of GDP," the Statistical Office of the Republic of Slovenia reported on its web site.

  • EU outlook negative on Slovenia

    SLOVENIA, 2013/11/07  With 2013 GDP expected to arrangement by 2.7% against May estimates of -2%, the European Commission's macro-economic outlook on Slovenia does not bode well. In 2014, Slovenian GDP will probably shrink by an extra 1%, against May estimates of -0.1%. The outlook for 2015 is slightly better, with GPD adding 0.7%. Along with Cyprus, Slovenia will be the only eurozone country still in recession in 2104, according to European Commission estimates.

  • Slovenia to close its labour market to Croatians for 2 yrs

    CROATIA, 2013/06/08 Slovenia will limit access to its labour market for Croatian nationals for two years. The announcement was made by Slovenian Labour Minister Anja Kopac, who said that the government had sent to the draft law to parliament and that it is expected to be approved prior to Zagreb's entrance into the EU on July 1.

  • Crisis: Slovenia to begin recovering in 2014

    SLOVENIA, 2013/04/27  Slovenian GDP will shrink by 1.9% in 2013, add 0.4% in 2014 and grow by 1.5% in 2015, according to Bloomberg estimates released on Friday. An obstacle on the road to recovery are Slovenia's ailing banks, which need recapitalization of 900 million euros by July, Premier Alenka Bratusek estimated.

  • Slovenia is likely to need international aid.

    SLOVENIA, 2013/03/29 Standard Bank emerging markets analyst Timothy Ash has told Bloomberg that Slovenia is likely to need international aid. Ash sees the downward spiral as partially due to the confused situation in Cyprus and the fact that it took European and Cypriot leaders so long to find a solution.

  • Slovenian state employees strike against cuts

    SLOVENIA, 2013/01/24  About 100,000 national employees are on strike today in Slovenia to turmoil further cuts to their salaries and the austerity policies of the conservative government under Janez Jansa. The government is not only suffering from generalised social discontent but has as well been swept up in a critical political crisis likely to lead to a split-up of the government coalition.

  • Slovenia, Macedonia Top Forbes' Business Ranking in Balkans

    SLOVENIA, 2012/12/07 The US financial magazine in its annual inventory ranks Slovenia in 23rd position out of 141 analyzed countries worldwide. Macedonia is second in the Balkans, ranked in 37th place.
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