ANNUAL REVIEW OF SLOVENE ECONOMY IN 1996
Ljubljana, 22 December - Full membership of Slovenia in the CEFTA, signing of an association agreement with the EU and conclusion of free trade agreements with Latvia, Lithuania, Estonia and Bulgaria can be mentioned among the more important events in Slovene economy in the year 1996. Complete presentations of Slovene economy were held in four countries, Russia, Rumania, Bulgaria and Japan. In May the government passed a packet of anti-inflation measures aiming at disburdening the economic sector; by lowering the contribution levels for social security the government has been trying to reduce the costs of labour and increase the export competition of Slovene companies. The export competition of Slovene economy increased in the first nine months of 1996 by 7 percent, after falling in 1995 by nearly 12 percent. On 1 January 1996 new tax legislation took effect.
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