Center za mednarodno poslovanje

SLOVENIAN BUSINESS OPPORTUNITIES

by International Relations Department

 
Dear partners and clients,
The purpose of these pages an

d tabs is not to write about us. It’s about how can we advance your business, or better yet, what we can accomplish together.

We invite you to scroll down and challenge us. 

Matej Rogelj, Director

IN FOCUS

Life in Slovenia gets more “relaxed” every day

21 May 2020

 

 

As the daily number of new infections with Covid-19 varies from zero to one case, the government drops more and more restrictions. Some children were able to return to kindergartens and schools (the ones in the first three grades and senior classes of secondary schools), all shops reopened and finally tourism started with smaller operation.

 

Bars and restaurants can serve clients also indoor, as this was not allowed until this week. Slovenians are particularly happy about sports - as all sorts are allowed again.

 

After nearly two months, the public transport is in operation. Slovenian airports are opened for passenger traffic.

 

The Slovenian government adopted the third stimulus package to mitigate the consequences of the Covid-19 epidemic. Most of the funds will subsidise short-time work while the rest is for tourist vouchers

 

 

Slovenia first in Europe to declare END of epidemic

15 May 2020

 

The Government of the Republic of Slovenia lifted the mandatory seven-day quarantine for EU citizens. At the same time, a 14-day quarantine was introduced for:

 

- all third-country nationals without a permanent or temporary residence in the European Union;

- persons who have permanent or temporary residence in the EU and have left the territory of the EU for more than 14 days. Spokesman Jelko Kacin added that the border police will provide everyone entering Slovenia with the instructions of the National Institute of Public Health on the implementation of measures to prevent the spread of the virus.

 

Strict measures remain in force for foreign nationals who arrive at Slovenian border with visible signs of upper respiratory tract infection or with a positive test result for coronavirus; they may be denied entry.

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SLOVENIAN BUSINESS OPPORTUNITIES

by International Relations Department

 

 

Dear partners and clients,

 

The purpose of these pages and tabs is not to write about us. It’s about how can we advance your business, or better yet, what we can accomplish together.

 

We invite you to scroll down and challenge us. 

Matej Rogelj, Director

 

IN FOCUS:

 

Numerous measures addressing projected GDP declines

Ongoing competition in lowering forecasts

 

As unpleasant as the last 14 days, macroeconomists last felt back in 2008/2009, when the global financial crisis unexpectedly left huge effects on the real economy. The bad feeling in this crisis comes from the fact that it is difficult to predict GDP trends. The key reasons for such a wide range of forecasts from the Conjuncture Institutes are:

 

(1)    the length of the Covid-19 pandemic in a particular country and also in its key trading partners (impact on exports and / or availability of imports of raw materials and assemble parts)

(2)    accompanying measures of the state that are to a certain extent precedent (restriction on public life, curfew, cancellation of sports and cultural events, restriction on trade).

 

Most analysts agree that this year's GDP will be lower in most developed countries than last year, with falls falling largely between 5 and 10 percent of GDP. (The Bank of Slovenia estimates that the annual fall in GDP will be between six and 16 percent.) The measures taken by governments and central banks will try to stabilize some of the demand. However, their effectiveness depends not only on how quickly the money will actually reach the businesses or households, but

 

(1)    whether they will be able to waste it at all and

(2)    whether they will be ready to spend it (spending leads to GDP growth).

 

Bojan Ivanc, Chief Economist at CCIS