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S L O V E N I A. A Business Partner. Fact Sheet. Area 20,273 km 2 Population 2 million Language Slovenian, Italian, Hungarian (in ethnically mixed regions) Capital Ljubljana Member EU, OECD, UN, NATO Currency EUR. Selected Indicators. Competitive Indicators. INNOVATIONS - PowerPoint PPT Presentation
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S L O V E N I AS L O V E N I AA Business PartnerA Business Partner
Fact SheetFact Sheet
o AreaArea 20,273 km20,273 km22
o PopulationPopulation 2 million2 milliono LanguageLanguage Slovenian, Italian, Slovenian, Italian,
HungarianHungarian (in ethnically (in ethnically mixed regions)mixed regions)
o CapitalCapital LjubljanaLjubljanao MemberMember EU, OECD, UN, NATO EU, OECD, UN, NATO o CurrencyCurrency EUR EUR
Selected IndicatorsSelected Indicators2010 2011 2012 2013 2014
Autumn forecast 2012 (Sept. 2012)
Economic activity
Gross domestic product, real growth in % 1,2 0,6 -2.0 -1.4 0,9
GDP in EUR m, current prices and exchange rate 2007 35,416 36.172 35.700 35.495 36.129
International trade
Exports of goods and services, real growth in % 10,1 7,0 0,1 1,9 4,7
Imports of goods and services, real growth in % 7,9 5,2 -5,2 -1,0 3,8
Current account balance in EUR m -209 2 810 1.363 1.142
External balance of goods and services in EUR m 288 400 1.411 1.912 2.000
Private consumption, real growth in % 1,3 0,9 -3,0 -3,6 0,2
Government consumption, real growth in % 1.5 -1,2 -3,4 -6,9 -1,9
ILO unemployment rate in % 7,3 8,2 8,3 9,1 9,1
Inflation rate (annual average) 1,8 1,8 2,8 2,2 1,8
Source: before 2012: Statistical Office, Bank of Slovenia; 2012-2014: IMAD
Competitive IndicatorsCompetitive IndicatorsINNOVATIONS
Innovation Union Scoreboard 2011 Slovenia: Innovation Followers Group (with Austria, Belgium, Cyprus, Estonia, France, Ireland, Luxemburg, the Netherlands, and the UK)
Relative strengths: human resources and output Relative weaknesses: firm investments and intellectual
assets
Slovenia allocated 2.47 % of GDP to R&D in 2011 (17,6 % growth compared to 2010); EU average 1,9 %; EU 2020 target 3 %;
Quality of life
• High standard of living
• Cultural and geographical diversity• At the intersection of
Roman, German and Slavic culture
• Nestled between Alps and Adriatic Sea
• Mixture of Alpine, continental and
Mediterranean climates• Huge continuous forest
ecosystem – 3rd in Europe after Finland and Sweden
Quality of workforce
Technologically-minded (long industrial tradition), innovative spirit Highly educated: 16% university degree, 62% secondary school Excellent IT & foreign language skills (English, German, Italian, Serbo-Croatian …)
Not cheap but Not cheap but
cost-effectivecost-effective
Minimum gross wage • € 783.66
Est. monthly gross labour costs:• low skilled € 700• skilled € 1,000• engineer € 1,700• computer engineer:
€ 2,200
Full-time working hours may not exceed 40 hours a week
Quality link to regional markets
• Strong export orientation
• Well established links with neighbouring countries and countries of former Yugoslavia
• Hub for foreign companies to serve the EU and Central European markets
• Advantages: Economic and political stability Knowledge of circumstances, language, culture, people Geographical location with a strategic edge
• Slovenia is an important investor in the SE Europe
Quality infrastructure
Port of Koper ideal as a logistics and distribution centre
the fastest developing port in the Adriatic basin the shortest sea connection between Central Europe and Asia
• Well-developed general infrastructure at the intersection of 5th and 10th European transportation corridor
Well-developed ICT infrastructure
INTERNATIONAL TRADEINTERNATIONAL TRADE
Exports, Exports, 1-10 1-10 20120122: EUR 1: EUR 17,5567,556 m m
Imports, Imports, 1-10 1-10 20120122: EUR : EUR 18,45918,459 m m
Exports in GDP: 51Exports in GDP: 51..5%5%
Imports in GDP: 55Imports in GDP: 55..4%4%
Trade Trade PProductsroducts
Leading export products:Leading export products:
passenger cars, medicines, electrical and non-passenger cars, medicines, electrical and non-electrical household equipment, household electrical household equipment, household equipment, electrical machinery and devices, equipment, electrical machinery and devices, furniture, aluminium, pulp & paper; furniture, aluminium, pulp & paper;
Most important import products:Most important import products:
petroleum-derived oil, passenger cars, parts and petroleum-derived oil, passenger cars, parts and accessories for motor vehicles, medicines, accessories for motor vehicles, medicines, aluminium, telecommunications equipment.aluminium, telecommunications equipment.
Bilateral TradeSlovenia - Hungary
Slovenian export and import from Hungary(in EUR million)
Source: Statistical Office of the Republic of Slovenia, 2013
0
200
400
600
800
1000
1200
1400
1600
2005 2006 2007 2008 2009 2010 2011 2012
Export
Import
Total
Trade Data 2012 V4 COUNTRIES: Hungary 1.549 mio EUR Czech Republic 1.140 mio EUR Poland 1.098 mio EUR Slovakia 715 mio EUR ----------------------------------- Amount: 4.502 mio EUR Russian Federation 1.260 mio EUR China 732 mio EUR USA 623 mio EUR India 289 mio EUR ------------------------------------------------ Amount: 2.904 mio EUR NEIGHBOURING COUNTRIES: Italy 6.430 mio EUR Austria 4.310 mio EUR Croatia 2.285 mio EUR Hungary 1.549 mio EUR ------------------------------------ Amount: 14.564 mio EUR
Germany 8.494 mio EUR
Bilateral Trade of Slovenia 42.935 mio EUR, Neighbouring Countries + V4 (8 Countries) was 27.560 mio EUR – represents 64,2%
Foreign Investors in Slovenia
Some foreign companies in Slovenia:Bosch Siemens, Danfoss, Deloitte, Goodyear, GKN Driveline, Grammer Automotive, Grieshaber Logistik, Gruppo Bonazzi, Henkel, IBM, Intesa Sanpaolo, Johnsons Controls, Microsoft, Mobilkom, Sandoz Group, Oracle, Palfinger, Renault, S&T, Schefenacker, Sun Roller, Société Générale, Wolford.
0 1000 2000 3000 4000 5000 6000
Austria
Italy
France
Germany
Netherlands
United Kingdom
Croatia
Belgium
Other
EUR m
Source: Bank of Slovenia
Inward FDI by Economic Sector
Source: Bank of Slovenia
0% 10% 20% 30% 40% 50%
Financial services & insurance
Retail
Chemicals
Engineering
Business services & leasing
Telecoms & transport
Motor vehicles and trailers
Pulp & paper
Tyres & plastic products
Other
Slovenian FDISlovenian FDI abroad abroad
0 200 400 600 800 1000 1200 1400 1600
Other
EU
Macedonia
Bosnia & Herzegovina
Croatia
Serbia
EUR m
Source: Bank of Slovenia
0 200 400 600 800 1000 1200 1400 1600
Other
EU
Macedonia
Bosnia & Herzegovina
Croatia
Serbia
EUR m
Investment OpportunitiesInvestment Opportunities ENERGYENERGY
• Pumped-Storage Plant Kozjak Pumped-Storage Plant Kozjak • Unit 6 Thermal Power Plant Šoštanj Unit 6 Thermal Power Plant Šoštanj • Trbovlje Thermal Power Plant ReconstructionTrbovlje Thermal Power Plant Reconstruction• Middle-Sava River CascadeMiddle-Sava River Cascade• TE-TOL Thermal Power-Plant LjubljanaTE-TOL Thermal Power-Plant Ljubljana• Concentrated Solar Power Cooling Technology Concentrated Solar Power Cooling Technology
(CSP)(CSP)
www.investslovenia.org
Investment OpportunitiesInvestment Opportunities LOGISTICSLOGISTICS
• Land transport (motorway network)Land transport (motorway network)• Railway Divača - KoperRailway Divača - Koper• Sea shipping (Port of Koper)Sea shipping (Port of Koper)• Air transport (Ljubljana Jože Pučnik Air transport (Ljubljana Jože Pučnik
Airport, Maribor Edvard Rusjan Airport, Airport, Maribor Edvard Rusjan Airport, Portorož Airport)Portorož Airport)
• Multilogistic Business Centre of Slovenia Multilogistic Business Centre of Slovenia -- Arnovski Gozd (near Celje)Arnovski Gozd (near Celje)
www.investslovenia.org
Investment OpportunitiesInvestment Opportunities HEALTH CAREHEALTH CARE
National Development ProjectNational Development Projectss
new University Medical Centre in Ljubljana, new new University Medical Centre in Ljubljana, new University Medical Centre in Maribor, an University Medical Centre in Maribor, an upgrade to the existing network of emergency upgrade to the existing network of emergency medical centres, etc.medical centres, etc.
www.investslovenia.org
Thank you!
