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Slovenia
Slovenia: Massive Concerns Against Real Estate Tax
The Slovenian government plans to introduce property taxes in order to reduce the budget deficit. The opposition warns that the tax may be “highly counterproductive”.
October 18, 2013
IMF Warns of Financial Instability in CESEE
Due to the high non-performing loan quota and the deleveraging of Western banks, the countries of Central, Eastern and Southeastern Europe are still far from financial stability.
October 18, 2013
Slovenia Introduces Property Tax
In order to reduce the massive fiscal shortfall, Slovenia is looking for new revenues. The property tax may bring more than € 400m.
October 17, 2013
Slovenia: Income Falls Persistently
Average monthly earnings for August 2013 lower than in the previous month both in nominal and in real terms. Annual earnings were down by 2.5% in real terms.
October 17, 2013
Calculated Optimism in Slovenia
Slovenia´s Ministry of Economics expects a return to growth in the course of next year. According ot economists, this forecast is leading to doubt.
October 15, 2013
Slovenia Does Not Fully Draw EU Funds
As the Slovenian projects will not be finished in time, the financially stricken country will fail drawing all funds.
October 12, 2013
IMF: „Banks and Companies in a Vicious Circle“
Not only Greece, Spain or Portugal are struggling with a financially stricken banking sector. In Southeastern Europe, the situation is quite similar.
October 11, 2013
Erste Observes SEE Region Intensively
Vienna-listed Erste Group, which is the third-biggest lender in the CESEE region, wants to expand into Southeastern Europe.
October 11, 2013
Austria Remains Main Investor in Slovenia
Last year, almost the half of the foreign direct investments in Slovenia came from Austria.
October 11, 2013
Southeastern Europe: Property Market Clashes
Since mid-2012, the property market in Southeastern Europe shrinks drastically. In Croatia, house prices fell by 20%.
October 10, 2013
Slovenia Cannot Escape the Vicious Circle
Slovenia still aims to manage its banking crisis on its own. After the new economic forecast issued by Slovenia´s National Bank, this aim suffers another setback.
October 10, 2013
Bratusek: “We Are Paying for Your Debts”
On Tuesday Slovenian Prime Minister Alenka Bratusek presented the budget draft for 2014 and 2015 to the members of parliament.
October 9, 2013
Latest Edition of the SWOT Report of Raiffeisen Bank International has been Published
FriedlResearch has announced the publication of the latest edition of the "Raiffeisen Bank International AG - SWOT Analysis & Company Report". This report contains in depth information and data about RBI and its operations and markets.
October 8, 2013
Political Crisis in Slovenia to Sharpen Further
The power struggle between Prime Minister Alenka Bratusek and Ljubljana´s mayor Zoran Jankovic escalates. Jankovic is said to receive more support from his party.
October 5, 2013
Pecik to Buy Hypo Group´s SEE-Affiliates?
The Austrian investor Ronny Pecik is said to be interested in acquiring the Southeast European subsidiaries of nationalized Hypo Group.
October 2, 2013
Slovenia: Asset Quality Deteriorates Rapidly
The government of the financially stricken country comes more and more under pressure. In meantime, about 17% of the Slovenian loans are classified as “risky”.
October 1, 2013
Slovenia to Decide about Selling of Telekom Slovenije
The Slovenian government will decide upon the fate of Telekom Slovenije on Thursday, October 3.
October 1, 2013
Slovenian Government to Approve Adjusted Budget
The Slovenian government today plans on implementing the revised budget for next year and the draft for the 2015 budget.
September 30, 2013
Hypo Group: Sale of Assets in SEE to Take Forms
The nationalized Austrian bank Hypo Group sells its assets in Southeastern Europe. The SEE-holding company will be established until the beginning of October.
September 29, 2013
CESEE: Consumer Loans Decline Considerably
Since 2008, Austrian consumers tend to refrain from consumer credits. In the CESEE countries, the downward trend is even more obvious.
September 29, 2013
Austria: Fitch Confirms Triple A
Austria´s main weak point is the banking sector, the rating agency criticizes.
September 28, 2013
Croatia: Entry into Schengen Important, Not Decisive
Croatia plans to apply for accession to the Schengen passport-free area in two years.
September 27, 2013
Slovenia: PM Takes International Bailout into Consideration
For the first time the crisis-struck Eurozone member country has admitted to consider international bailout as an option for its ailing banks.
September 26, 2013
Slovenia: Economic Outlook Deteriorates
Slovenia has slipped back into recession as its real GDP declined by 2.3 % in 2012.
September 26, 2013
Slovenia: Controversies Over New Budget
Slovenia´s Prime Minister Alenka Bratusek links the approval to the austerity budget to a vote of confidence.
September 25, 2013
RBI: Sevelda to Remain CEO unil 2017
Karl Sevelda, who was appointed new CEO of listed Raiffeisen Bank International (RBI) at the beginning of June, does not regard himself as interim head of the bank.
September 23, 2013
Slovenia in a Decisive Phase
According to Bostjan Jazbec, Govenor of the Bank of Slovenia, the coming weeks will be critical for the small Eurozone member country.
September 23, 2013
Head of Slovenia’s Chief Bank Arrested
Janko Medja, manager of Slovenia’s most important bank NLB, was arrested because of suspicion of corruption.
September 20, 2013
Slovenia: First Budget Surplus in 2013
For the first time this year, Slovenia shows a budget surplus of € 15m. However, the deficit of the first eight months is as high as € 1.3bn, according to data by the Finance Ministry.
September 20, 2013
Slovenia: Privatization Program to Boost FDI?
The government of the financially ailing country is forced to privatize a substantial part of the publicly held companies. Prime Minister Bratusek hopes foreign direct investments to increase.
September 20, 2013
Slovenia: Unemployment Increases Further
The unemployment rate in Slovenia went up to 12.9%.
September 17, 2013
Croatia, Slovenia and Italy in Favor of Closer Cooperation
Italian, Croatian and Slovenian PMs push for stronger cooperation.
September 16, 2013
Slovenia: Bankruptcy Without ECB/ESM?
Without external aid, Slovenia will not manage its severe financial crisis, experts say. A bail-out becomes more likely.
September 15, 2013
ECB Worried About Slovenia
The European Central Bank is uncertain whether the financially stricken country will be able to manage its banking crisis.
September 12, 2013
Slovenia: Employment Outlooks Deteriorated
Outlooks for Slovenian jobseekers have darkened. According to a recent survy of temporary employment company Manpower presented on Tuesday, employment outlook has dropped from 7 percent to zero.
September 11, 2013
Kapsch Wins Contract for GSM-R Network in Slovenia
A step towards European integration: train communications technology from Kapsch is used in more than half of all EU Member States.
September 10, 2013
Slovenian Exports Increased by 2.3 Percent
According to provisional data for the period from January to July 2013 compared to the same period of 2012 Slovenian exports increased by 2.3% while imports decreased by 0.1%; the export/import ratio was 97.6%.
September 10, 2013
Slovenia Shuts Down Two Small Banks
In order to ensure the stability of its financing sector, Slovenia decided to liquidate two banks, Factor Banka and Probanka. According to state officials, the step was also taken to avoid international bailout.
September 9, 2013
Slovenia: Moderate Increase in Exports
Slovenian exports increased by 1.5% the first six months.
September 9, 2013
Slovenia: Former Prime Minister Accused of Money Laundering
Former Slovenian Prime Minister Janez Jansa’s image is further tarnished as he is alleged of having paid money to a relative’s bank account.
September 6, 2013
World Economic Forum: Competitiveness of Western Balkans
Former Yugoslav countries and their competitiveness according to the World Economic Forum annual report.
September 6, 2013
Another Austerity Package in Austria?
Due to the dismal situation of nationalized banks, the economist Christian Keuschnigg anticipates another austerity package after the election at the end of September.
September 6, 2013
Austrian Banks Register Growing NPL
The advisory group pwc has issued a new report on the asset quality of Austrian banks. In terms of asset quality, Hungary and Romania are performing worst.
September 5, 2013
Slovenian Finance Minister: “Enough Tax Burdens“
On Tuesday, the Slovenian Finance Minister Uros Cufer announced that enough additional tax burdens have been introduced.
September 4, 2013
Slovenia: Telekom Austria Hesitates
The Vienna-listed Telekom Austria Group has two major growth opportunities in Slovenia. Slovenian Telekom and Telemach are for sale.
September 3, 2013
EU Approves Hypo Group´s Restructuring Plan
The re-privatization of the Austrian publicly held banking group was approved by the Commission. According to the Commission´s report, Hypo Group´s expansion strategy was highly dangerous.
September 2, 2013
Slovenia: Recession Goes On
In the second quarter, Slovenia´s GDP was down by 1.7% year on year. This year, Slovenia´s GDP will fall by 3.0%, economists say.
September 2, 2013
Hypo Group Considers IPO
The Austrian nationalized bank takes an IPO of its Eastern subsidiaries into account.
August 31, 2013
Austria: Bawag to Pay Back Further State Aid
Due to lower costs and provision profits of the Austrian bank Bawag increased. From the coming year on the bank intends to pay back further state aids and plans on further withdrawing from CESEE.
August 27, 2013
Slovenia: Decrease of Net Electricity
In the seven months of 2013, Slovenia's total consumption of electricity decreased for less than 1% over the same period one year ago.
August 27, 2013
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