Business

On 1 January 2007 Slovenia adopted the euro. Photo: Primož Lavre


The nineties were marked by economic progress typical of the more successful transition countries, and the transition to a market economy was relatively painless.

At home and abroad, Slovenian companies have celebrated numerous successful and highly innovative products. Ever heard of Elan skis , the ones used by skiing champions? Or Seaway sailing boats and Pipistrel ultra light aircraft ? Or perhaps the brilliantly designed Gorenje household appliances ?  And numerous other small, but highly innovative companies. Their products are persistently breaking into foreign markets and lends a boutique-type quality to Slovenia's economy.

The economy is geared towards services, and Slovenia can boast top-class services in the field of information technology. It also has developed pharmaceutical and automobile manufacturing.

Other major economic sectors include the food industry, electrical devices, metal processing and chemicals. Meanwhile tourism is becoming an increasingly important sector.

Features

Business, February 2012

February 2012

In view of the much deteriorated expectations for global economic activities, the Institute of Macroeconomic Analysis and Development (IMAD) has forecast significantly reduced economic growth for Slovenia. Growth is expected to...

Business, January 2012

February 2012

Only a few economies have experienced a crisis as severe as that in Slovenia. On average, the cash flow of Slovenian companies has fallen by twenty to thirty per cent. Difficulties in financing and obtaining new loans have not...

Vanguard from under Karavanke

January 2012

Elan with amfibia ski and Seaway with its series of Greenline Hybrid ecological vessels – both innovations have helped these two companies maintain their reputation as progressive – almost vanguard – manufacturers.