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Slovenia Weekly

Towards hot autumn

17.07.2015

During a sweltering heat wave, cooling down in one of the Slovenian lakes really helps
Roads full of tourists and the forecast of a third heat wave (which no-one laments after last year’s wet summer) are definitely reliable signs that summer is really with us. But it is still a while before the government goes on vacation, which will be quite short this year.

It was yesterday that the Slovenian government swallowed the bitter pill of the budget breakdown for 2016 and 2017. The government faces difficult work because, despite the growth recorded in the recent period and promising forecasts for next year, the country still has a rather sizable debt. In the first discussion, it set the target of keeping the deficit below 1.95% of GDP and 1.82% in 2016 and 2017, respectively.

Another step towards a balanced budget is the recently approved implementation act on the fiscal rule. The fiscal rule is included in the constitution, and with the implementing act, the principle of a medium-term budget balance will be put into practice. Before the act was passed, finance minister Mramor stressed that while a balanced budget is a strict limit that will require many adjustments, this will enable Slovenia to avoid creating additional public debt in normal economic conditions.


PM Cerar: Slovenia remains a reliable NATO partner

NATO Secretary-General Jens Stoltenberg was on his first official visit to Slovenia, where he met his host, Prime Minister Miro Cerar, President of Slovenia Borut Pahor, and President of the National Assembly, Milan Brglez. PM Cerar and Secretary-General Stoltenberg discussed the next NATO summit in Warsaw and further cooperation among allies. more...

Declaration on Foreign Policy adopted

Slovenian National Assembly adopted the Declaration on Foreign Policy of the Republic of Slovenia by the National Assembly. The new Declaration on Foreign Policy of the Republic of Slovenia incorporates values and legal foundations of Slovenian foreign policy, defines Republic of Slovenia as a central European and Mediterranean country, and enumerates seven objectives of the foreign policy and ten priorities. more...

IMAD: Consumer and industrial sentiment at the highest levels since the crisis

On Monday, Slovenia's Institute of Macroeconomic Analysis and Development (IMAD) presented its latest figures on the state of the Slovenian economy in its Economic Mirror. According to IMAD, the improvement in the cost-effectiveness index was above the EU and euro area average again in the first quarter. more...

The implementation Act on the Fiscal Rule confirmed

National Assemlby confirmed the Implementation Act on the Fiscal Rule. Minister of Finance Dušan Mramor expressed great satisfaction, particularly because of the message Slovenia conveys with this action at home and abroad. more...

Slovenia introduces certified cash registers

The National Assembly supported the Act on Fiscal Verification of Invoices, which introduces so-called certified cash registers for cash transactions as of 2 January 2016. The trial run of the system will begin on 1 December 2015, and a two-year transitional period is foreseen. This measure is expected to generate between 50 and 100 million euros in revenues. more...

Arbitration between Slovenia and Croatia to finish in mid-December 2015

The Arbitral Tribunal announced today that the award in the case of arbitration between Slovenia and Croatia will be rendered in mid-December 2015. more...

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