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Slovenia Business Week no. 20: CCIS Survey: Slovenian Companies Ready for Euro

Slovenian companies are very well prepared for the euro switch

Slovenian companies are very well prepared for the euro switch, set to happen in January 2007, Nina Presern of the Chamber of Commerce and Industry of Slovenia (CCIS) told the press in Ljubljana on Thursday, 18 May.

Presern, the head of the euro changeover preparations task force at the CCIS, added that the Chamber surveyed the companies' readiness in April and May, examining all of the business operations that touch on the euro.

The survey, which analysed a representative sample of companies in various regions, has shown that the biggest problems appear in the IT sector, especially in small companies.  

"The changeover to the euro will be more difficult than the switch to the tolar [October 1991], especially because information technology has not existed then to such a great extent," added CCIS vice-president Cveto Stantic.

The CCIS also stressed that the costs of the switch per individual company could range between EUR 10,000 and EUR 1m or more, Presern warned, pointing to new equipment and costs of training.

Mirjana Dimc Perko, a member of the management board at the household appliance maker Gorenje, said that their IT system, especially in bookkeeping and accounting, will have to undergo the largest changes.

Ljubomir Osovnikar, management board member of steel maker Acroni, said that the euro would greatly facilitate the company's business operations, adding that "the euro will represent another difference between Slovenia and Slovakia".

Source: Slovene Press Agency STA

Author: STA