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Slovenia Weekly

Joint decisions that are not bad compromises

28.11.2014

Editorial

The act on the fiscal rule, which is to be approved at one of the next government sessions, would be a significant step towards balancing public finance, which is one of the pillars of a successful economy. Photo: STA
Taking decisions based on wide agreement is usually the hardest, yet the most necessary. This also applies to public finances and the fiscal rule requiring a balance between the projected revenues and expenditures of the state in the medium-term without borrowing or a revenue surplus. The government’s goal is to gradually reduce structural deficit. As this requires a two-third majority in the parliament, the government is trying to secure wider consensus and acquire the support of the opposition. This is a major step to achieve wider consensus on public finance, which is one of the pillars of successfully developing economy.

In recent months, economic growth indicators have turned upwards. The German President Joachim Gauck, who came on a two-day visit, also referred to the Slovenian economic growth and reduced debt with the words “realistic optimism”. He also said that many German companies had already invested in the country, that non-privatised companies “did not take breath away” from other companies and that increased privatisation would lead to new investments.

The German president also offered Slovenia Germany’s support and assistance in further economic recovery, while Slovenian President Pahor said that Slovenian had good experience with German investments, as German companies recognise strategic opportunities.

During the visit, the significance of social dialogue and consensus were recognised. The visit to the Business-to-Business Education Centre in Nova Gorica and the Pipistrel company in Ajdovščina was also interesting to the German President due to the presentation of good practices of Slovenian education system and research sector.

Another opportunity to achieve greater recognition and exports, while opening new doors to Slovenian companies, is the world Expo. As it is a renowned event, which is expected to attract 20 million visitors, Slovenia has an exceptional opportunity. The slogan of Slovenia’s presentation between 1 May and 31 October in Milan is ‘I Feel SLOVEnia – Green. Active. Healthy’.

Slovenia and Germany strengthen political partnership and economic, research and scientific cooperation

The German President was also welcomed by the people of Ljubljana and by Germans living in Slovenia. Photo: STA
The two-day visit to Slovenia of the German President, Joachim Gauck, confirmed the exception link at the bilateral and multilateral levels. The discussions with Slovenia’s highest representatives were all marked by statements on excellent bilateral relations and cooperation, particularly on the economy, science and research. At the press conference, the German President said that partnership and friendship were measured by having the same values. Presidents Gauck and Pahor agreed that these are very similar, sometimes even identical, both regarding further European integration processes and issues concerning the Western Balkans.

The distinguished guest was accompanied by a varied delegation that included union and company representatives, politicians and representatives of academia, which symbolise the various possibilities for cooperation and, in Gauck’s words “success stories”.

As the visit of the German President comes during Slovenia’s economic recovery, he said that optimistic assessments of debt reduction and economic growth were “realistic” and congratulated Slovenia on the reforms the country has undertaken, offering Germany’s assistance and support in their continuation and acceleration, as the country has already been in the same situation.

PM Cerar informed the German President of priorities of the Government, highlighting political and economic stability of the country, where support of European partners is exceptionally significant. Mr Cerar informed the German president about the continuation of privatisation processes in several companies owned by the state. He explained that a strategy of managing public assets is being prepared. Considering Mr Gauck’s experience in achieving national reconciliation, they also discussed different methods of achieving this. more...

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