The February report of the international rating firm Dun&Bradstreet (D&B) keeps the country firmly at the top in Eastern Europe alongside Slovakia
The February report of the international rating firm Dun&Bradstreet (D&B) keeps the country firmly at the top in Eastern Europe alongside Slovakia. Both have a DB2c rating, whereby Slovenia's trend is still pointing upwards.
According to the report, Slovenia has improved the index of economic freedom, which places it ahead of major EU countries such as France and Italy, as well as fellow EU newcomers such as Poland, Hungary and Latvia.
Reflecting on Slovenia's preparations for the euro changeover on 1 January 2007, the analysts have established that a stable economy is the key to meeting the euro adoption criteria. They believe Slovenia should not have any problems entering the eurozone.
The country met the inflation criteria for the first time in December 2005. Increased competition on domestic markets since EU accession will continue to limit the pass-through of producer price growth in consumer prices, helping to bring average inflation down to around 2.0% by 2007.
Low inflation and a stable exchange rate will help to support the competitiveness of the export sector, which should continue to make gains over the forecast period, the report also reads.
Source: Slovene Press Agency STA