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Slovenia country strategy

Slovenia is committed to and applying the principles of multiparty democracy, pluralism and market economics in accordance with the conditions specified in Article 1 of the Agreement Establishing the Bank.

English (388KB - PDF) Slovenian (1MB - PDF)

Report on the invitation to the public to comment (226KB - PDF)

The EBRD and Slovenia

Slovenia experienced a deep recession in 2009, then a weak recovery, and in mid-2011 entered a second recession which has continued this year. The GDP drop of 2.3 per cent in 2012 was the worst in the EBRD region and similarly weak performance is projected for 2013 and 2014. All indicators of economic activity remain well below the pre-crisis levels. The contraction in investment levels shows no signs of abating as it is almost 5 per cent below a year earlier, and over 48 per cent below levels prior to the financial crisis. Cross-border funding withdrawal of banks has been among the largest in the EBRD region, and Slovenia lost about 25 per cent of GDP in cross border funding since mid-2011.

While Slovenia, an EU member state and a euro area country, is considered to be an advanced transition economy, the transition challenges that have not been addressed in the banking and corporate sectors over decades have proved to be serious enough to imperil macroeconomic stability and undermine growth. As the European financial markets still pose risks and the period of abundant liquidity is reaching its end, this represents a critical juncture in the development of the economy. The Slovenian authorities have seized this opportunity to revive reforms. The Bank stands ready to support Slovenia through its investments and policy dialogue. The Bank will remain highly additional over the strategy period as a much needed partner for the government in the implementation of the reform programme. 

Last updated 28 February 2014