Hot topics

Slovenia Business Week no. 06: Economics Ministry Outlines Activities for 2006

The key goals of the Economics Ministry in 2006 are to facilitate economic growth through legislative changes and to provide development-based financial incentives

The key goals of the Economics Ministry in 2006 are to facilitate economic growth through legislative changes and to provide development-based financial incentives, Economics Minister Andrej Vizjak said on Wednesday, 1 February in Ljubljana.

The ministry therefore plans to amend or draft 17 new bills, 25 executive regulations and distribute a record amount of development-based aid.

The enterprise fund will allocate SIT 5bn (EUR 20.86m) of domestic and international funds, the tourism sector will get SIT 2.8bn (EUR 11.68m), while SIT 5bn (EUR 20.86m) will be allocated for foreign direct investment, out of which SIT 4bn (EUR 16.69m) will go to Novo Mesto car maker Revoz.

Meanwhile, two heads of directorates at the ministry will be replaced this year: the heads of Foreign Economic Affairs and Energy directorates, Mojca Jazbinsek Volk and Djordje Zebeljan, are leaving the ministry for positions in the corporate sector.

The temporary heads of the two directorates will be Monika Jakse (Foreign Economic Affairs Directorate) and Franc Zlahtic (Energy Directorate).

Head of the Interior Market Directorate Peter Puhan said that his office's most important task was preparing the country for the 2007 euro changeover.

He said that an umbrella act on the euro will be adopted in the first half of the year, while other activities on getting the economy ready for the January 2007 changeover are also underway.

Moreover, the ministry plans a complete overhaul of the trade act, aimed at eliminating administrative barriers and ensuring customer security.

It also wants to pass acts on companies; on chambers of commerce; and changes to the acts on takeovers; financial operations of companies; and profit sharing.

The Energy Directorate will meanwhile focus on preparations for 2007, when the energy market will be completely liberalised, Zebeljan said.

Vizjak added that no concrete measures regarding the privatisation of the Slovenian energy market are expected in 2006, as the country will focus on drafting the strategy for privatisation.

Source: Slovene Press Agency STA

Author: STA