Slovenia is a country located in Central Europe with a capital of Ljubljana. It has a population of over 2 million people and was formerly part of Yugoslavia, gaining independence in 1991. Slovenia joined the European Union in 2004 and uses the euro as currency. While Slovenia has a highly educated workforce and strategic location, it was badly impacted by the global economic crisis of 2009, experiencing falling exports, declining GDP, and rising unemployment.
4. History
• In past, part of communistic Yugoslavia
• In 1990s Democracy came to power
• Gained its independence from Yugoslavia in
June 1991
5. • May 2004 join the European Union
• Member of NATO few mounths after
• In January 2007 first of the new EU member
states to join the eurozone
• Highest GDP per capita in Central Europe
6. • In 2004 – first transition country, from
borrower status to donor partner at the World
Bank
• Excellent infrastructure
• Well-educated work force
• Strategic location between Balkans and
Western Europe
10. Recent facts
• Highest level of state control in the EU
• Structural reforms to improve the business
environment helped to lower the
unemployment
• Slovenia's export-dependent economy was
badly hit in the global economic crisis
11. • Foreign direct investmment (FDI) has lagged
behind the region average
• Labor market inflexible
• In 2009 global recession – falling exports and
industrial production by 8%
• Unemployment rise exceeding 12% in 2012
12. Slovenia and crisis
• Necessary to introduce plan of reformation to
The European Commission
• Decline of Slovenia credit rate
• February 2013 A- stable according to Standard
& Poors