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Slovenia Business Week no. 15: D&B: Slovenia Stays on Top in the Region

Slovenia remained in top spot in Eastern Europe alongside Slovakia, according to the April report of the international rating firm Dun&Bradstreet (D&B)

Sloveniaremained in top spot in Eastern Europe alongside Slovakia, according to the April report of the international rating firm Dun&Bradstreet (D&B). Both have a DB2c rating, while Slovenia's trend is still pointing upwards.

The report points to the almost doubled rate of growth in government consumption expenditure, which in 2005 stood at 3.1% compared to 1.6% in 2004.

According to D&B "this reflects increased spending on a range of new guarantees and benefits for pensioners," exacted by the Pensioners' Party (DeSUS) for staying in the centre-right coalition.

The increase was also caused by "payment of wage arrears in the education sector, and repayments of overcharging by the Tax Administration."

Despite somewhat slower growth in exports, D&B expects positive trends to continue and that Slovenian GDP would continue to grow.

Source: Slovene Press Agency STA

Author: STA