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Slovenia Weekly

Encouraging growth


Photo: Mostphotos
Following the 3.1% economic growth last year, both domestic and international institutions keep revising their forecasts for Slovenia upwards. In mid-2017, the forecast was readjusted to ca. 3.5%, while the autumn forecasts rose to 4% and above. The OECD forecasts suggest that Slovenia is at the very top of Europe in terms of economic growth.

With 16.6% growth, Slovenia is not only the reigning European champion when it comes to basketball, its economic growth makes it one of the most developed European countries in the OECD. The above figure shows just how much the Slovenian GDP growth is expected to pick up during the period 2015–2019 according to OECD’s analysts (growth of 8.4% growth is forecast for the euro area during the same period).

To create an even more appealing and predictable business environment that is conducive to further economic growth in our country, the Act on Investment Incentives was adopted by the Slovenian government at one of its recent sessions, the aim of which is to attract investors to make long-term investments in the territory of Slovenia. In addition to introducing suitable incentives and other activities aimed at encouraging investment, the act treats domestic and foreign investors equally, stipulates the priority treatment of strategically important investments for the state and envisages support for those investments that are geared towards the long term. In accordance with the act, just over €24 million is to be provided for the purpose of encouraging investment over the next two years.

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Every friday the Slovenian Weekly Newsletter brings you the latest updates on the work of the Slovenian Government.