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Slovenia
Slovenian National Bank: “GDP Decline in Line with Expectations”
The Governing Board of the Bank of Slovenia discussed current economic and financial developments.
March 7, 2013
Slovenia/Croatia: Agreement over Bank Dispute
After years of debate, there seem to be a final agreement in the fight for the insolvent Ljubljanska Banka. The settlement should pave the way for Croatia’s becoming an EU member state.
March 7, 2013
EU: Slovenia´s Economy Shrinks Fastest
Second estimate for the fourth quarter of 2012: Euro area GDP down by 0.6% and EU27 down by 0.5%. Compared with the fourth quarter of 2011, the growth rates come at -0.9% and -0.6% respectively.
March 6, 2013
Slovenia: New Government to be Built
Until March 14, the new administration should be nominated. However, 32 % think that the new head of government will not be able to form a government.
March 5, 2013
Slovenia: Bratusek New Head of Government
Today, Slovenia´s Lower House of Parliament has elected a new Prime Minister. Janez Jansa continues to manage the government business.
February 27, 2013
Slovenia: Jansa Remains Prime Minister
Today, Slovenia´s Parliament will elect a new official head of government. However, Jansa will continue the government business.
February 27, 2013
Hypo Group: Sale of Austrian Unit „at a Late Stage”
According to Hypo Group, the results of the Austrian unit for 2012 are “highly satisfying”.
February 16, 2013
Slovenian Central Bank Wants to Boost Economic Growth
Since the middle of last year, the Bank of Slovenia and the Bank Association of Slovenia have been coordinating their action to improve the business conditions for the real sector.
February 14, 2013
Massive Losses in Slovenian Banking Sector
Last year, the banking industry has recorded total losses of more than € 600m, the Slovenian business magazine “Finance” reports.
February 13, 2013
S&P Downgrades Slovenia
Today, the U.S. rating agency has lowered the credit rating of the financially stricken country. Further downgrades are not unlikely.
February 13, 2013
Slovenia Faces New Elections
The Slovenian government is under massive pressure. A government collapse is more than likely.
February 11, 2013
„Slovenia Will Become a Star Again“
In an interview with the Austrian daily newspaper “Presse”, Slovenia´s President Borut Pahor demonstrates optimism. He admits that many Slovenians feel injustice.
February 9, 2013
Dispute Between Croatia and Slovenia Solved
Regarding the Slovenian banking group NLB, the Slovenian Minister of Foreign Affairs and his Croatian counterpart have found a compromise.
February 7, 2013
Slovenia: Non-Performing Loans Still on the Rise
The banking system’s high credit risk increased slightly in the first nine months of the year, but at a slower pace than in 2011.
February 5, 2013
Slovenia´s Banking Industry in Distress
Due to the economic crisis, the lending business goes down. The indebtedness of the real economy remains high. Funding costs are increasing.
February 5, 2013
Slight Upward Trend for CESEE Countries
The economic crisis in the Eurozone has hit the CESEE countries particularly hard, EBRD reports. 2013 will be a better year.
February 1, 2013
Slovenia: Corporate Lending Falls Considerably
Due to the difficulties in the Slovenian banking sector, the real economy suffers from a credit crunch.
January 30, 2013
Slovenia: Jansa Rejects to Step Down
Despite the deep political and economic crisis, Slovenia´s Prime Minister Janez Jansa is clinging to power.
January 25, 2013
Slovenia: Government Collapses
Yesterday in the evening, the conservative coalition member CL has terminated the co-operation with Prime Minister Janez Jansa´s party SDS. Not only the political situation in Slovenia is precarious, but also the economic outlook is highly uncertain.
January 24, 2013
Slovenia: Protests Against Austerity Cuts
Due to a general strike, Slovenia comes to a standstill. More than 100,000 public servants protest against social cuts.
January 23, 2013
Croatia: Dispute with Slovenia May Postpone EU Accession
In July, Croatia should become a member country of the EU. However, the legal dispute with Slovenia is still an obstacle. The neighbor country may cause a delay of Croatia´s accession.
January 17, 2013
Construction Output: Sharp Decrease in Slovenia and Slovakia
In the Euro area, the production in construction was down by 0.4%.
January 17, 2013
Croatia: One Step Closer to the EU
According to their own statements, the Croatian government has fulfilled eight out of ten tasks, which must be finalized until July 2013. However, Croatia´s economic problems are far from being solved.
January 15, 2013
New Elections in Slovenia?
The government crisis in Slovenia sharpens. Economists warn of a leftist coalition.
January 15, 2013
Fitch: Austrian Banking Industry Depends on CESEE
According to the U.S. rating agency, the situation of Austrian banks strongly depends on the development in central, east and southeast Europe.
January 14, 2013
Slovenia: Jansa Receives Support
Slovenian Prime Minister Janez Jansa receives support from his party SDS. The government crisis continues, though.
January 10, 2013
Slovenia to Cut Corporate Tax Rate
In order to improve the labor market situation, the Slovenian government has decided cut the corporate tax quota by three percentage points.
January 9, 2013
Slovenia: Government in Crisis
After severe allegations of corruption, Slovenia´s government is under pressure.
January 9, 2013
Retail Trade: Sharp Decrease in Slovenia and Bulgaria
Volume of retail trade up by 0.1% in euro area in November 2012 compared with October 2012.
January 8, 2013
Slovenia: Sustersic Rules Out Coming Under Rescue Umbrella
In an interview with the Austrian news magazine “Standard”, Slovenia´s Minister of Finance Janez Sustersic says that his country is not candidate for the safety net ESM.
December 28, 2012
WIFO: „Shut Down Hypo Group“
The Austrian Institute of Economic Research (WIFO) recommends closing the nationalized banking group. The number of banks is expected to shrink radically.
December 27, 2012
Slovenia: No Referenda Against Austerity Policy
The Slovenian Constitutional Court decided that the Slovenians will not hold a public vote on the creation of a bad bank and the privatization policy.
December 20, 2012
Decreasing Production Output in Slovenia and Slovakia
October 2012 compared with September 2012: Euro area production in construction down by 1.6%.
December 19, 2012
Slovenia: Citizens Protest Against Austerity Cuts
The austerity policy of the centre-right government faces fierce resistance by the trade union and citizen´s movements.
December 18, 2012
Zavarovalnica Maribor Remains Slovenian
The Slovenian insurance company was taken over by the Sava Re. NKBM has to increase its equity quota.
December 11, 2012
Slovenia Sharpens Austerity Measures
The Slovenian Parliament resolved the budgets for 2013 and 2014. The country tries to fulfill the Maastricht criteria.
December 8, 2012
Hypo Group: Deadline Expires
Today, the first deadline for the sale of Hypo Group´s subsidiaries in Southeast-Europe expires.
December 7, 2012
Slovenia: Austrian Grawe Will not Take Over ZM
The second-biggest Slovenian bank NKBM (Nova Kreditna Banka Maribor) sells its interest in the insurance group Zavarovalnica Maribor (ZM). Sava Re negotiates with NKBM already.
November 30, 2012
Fitch Cuts Croatia´s Credit Rating Outlook
The U.S. rating agency argues that the economic development in Croatia is substantially behind the expectations.
November 30, 2012
Slovenia to Inject Further Money in NLB
The biggest Slovenian banking group NLB records a capital shortfall of € 375m. Risky loans reach more than € 1.5bn.
November 29, 2012
CESEE: Russia Has Best Growth Prospects
Next year, Russia is expected to record a GDP growth rate of 3.8%, Vienna Institute of International Economic Studies (wiiw) says.
November 26, 2012
CESEE: Eurozone crisis and Austerity Push Half of the Region into Recession
Export weakness and suppressed domestic demand will push nearly half of the CESEE region into recession this year, including the Czech Republic, Hungary, Slovenia, and nearly all Western Balkan countries.
November 26, 2012
EBRD: CESEE Countries Must Improve Legal Security
The European Bank for Reconstruction and Development underlines that banks need more stable legal systems in Eastern Europe.
November 24, 2012
Slovenian NKBM in Difficulties
The second-biggest Slovenian Nova Kreditna Banka Maribor (NKBM) bank suffers from its risky assets. The NPL quota is still on the rise.
November 22, 2012
Zavarovalnica Maribor Sale: Slovenia Under Pressure
The Slovenian bank NKBM has to sell its stake in the second-biggest Slovenian insurance company Zavarovalnica Maribor (ZM). The sale proves difficult.
November 21, 2012
Slovenia to Sharpen Austerity Measures
The Slovenian Prime Minister Janez Jansa announced that the austerity policy will be implemented even more consequently.
November 20, 2012
Hypo Group: Cash Contributions Come at € 500m
The Austrian state has to inject another € 500m in the financially stricken nationalized bank. Furthermore, guarantees will increase by € 1.0bn.
November 14, 2012
CESEE: Lending Shrinks
Foreign banks reduce lending in Central, Eastern and Southeastern Europe. Hungary and Southeastern Europe are most affected.
November 12, 2012
Slovenia Still Rules Out Calling for Rescue
The Slovenian government tries to prevent to be bailed out by the EU and IMF by all means. However, experts fear that Slovenia is the next candidate for the safety net.
November 10, 2012
Slovenia and Austria to Deepen Co-Operation
The Slovenian Minister of Economics Radovan Zerjav and the President of the Austrian Chamber of Commerce Christoph Leitl want to intensifiy the economic co-operation.
November 8, 2012
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