Weekly Report on the Slovenian Economy from 10 to 16 October

Debates commenced during the past week on the budget memorandum for the coming year. The memorandum anticipates budget expenses amounting to SIT 398 billion and a deficit of SIT 16.5 billion. The document was assessed by representatives of the government and the commercial sector who are members of the Economic Council, headed by the Prime Minister Janez Drnovšek. The members in general agreed with the contents of the memorandum. The only remark was that the approach proposed in the memorandum for forcing the economy to adapt to the existing conditions was rather hard-line. Over the past seven days, the price of the majority of currencies on the Slovenian foreign currency market has grown, the major exception being the Swiss franc. The main economic events over the past week also include the visit paid by the Slovenian government delegation to South Korea, during which it discussed the draft agreement on economic cooperation and the furthering of investment with representatives of the South Korean government.

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