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Slovenia Business Week no. 08: CCIS: High Technology Could Drive Slovenian-Israeli Cooperation

Israel is one of the leading countries in the field of high technology, while the area has the potential to form the major part of economic cooperation between Slovenia and Israel in the future, CCIS President Jozko Cuk said

Israel is one of the leading countries in the field of high technology, while the area has the potential to form the major part of economic cooperation between Slovenia and Israel in the future, CCIS President Jozko Cuk said on Tuesday, 14 February.

Cuk, addressing a Slovenian-Israeli business forum on high technology, which took place in Ljubljana, added that high technology was one of the fastest-growing sectors in Slovenia.

Its value added is over twice as high as in the other sectors, Cuk explained, adding that the forum presents an opportunity to form new bilateral ties between companies of both countries.

According to Joze Zrimsek, the head of the Information Society Directorate at the Higher Education Ministry, Slovenia has published a call to Israeli companies on cooperation in research programmes in the fields of bioinformatics, biotechnology and robotics.

Both countries are also expected to sign an agreement on cooperation in the field of technological and industrial research and development, Zrimsek added. "Israel is becoming an increasingly important non-European research partner (for Slovenia)," he explained.

Cuk meanwhile labelled Slovenia an interesting market for Israeli companies, due to the country's geographic position, economic and political stability, good connections with the countries of the former Yugoslavia and high level of technological expertise.

Meanwhile, Israel is also an interesting market for Slovenia, said Director General of the Israeli Foreign Ministry Ron Prosor. Indeed, trade between the countries doubled in 2005, he stressed.

According to Prosor, the countries have complementary economies. He therefore believes that economic cooperation would expand in the future.

Slovenia exported EUR 13.2m worth of goods to Israel last year, with electricity meters and measuring equipment manufacturer Iskraemeco, paper company Goricane, home appliances manufacturer Gorenje and tyre maker Sava Tires the biggest exporters.

The country imported EUR 50.5m worth of goods from Israel, mainly chemicals and food.

Source: Slovene Press Agency STA

Author: STA