The Slovenia Times

TAM Europe withdraw from the subsidy


In the last three years they have created more than 200 new jobs for a predominantly Slovenian workforce in a crisis-ridden region and won global markets with state-of-the-art buses and coaches. To venerate the formerly big Slovenian brand of TAM, they have invested tens of million. Therefore they have been disappointed with the long procedure to receive the FDI subsidy administered by the Slovenian Ministry of Economy, especially since they have been one of the very few encouraging foreign direct investment projects implemented in Slovenia in recent years.

From the opening of their investment here in Slovenia, they have met with a lot of different Ministers of Economy and hoped to find a solution to present Slovenia as an attractive destination for foreign direct investments which could have served as confidence restoring signal towards potential investors attracting further FDI inflow in general. They have been providing impetus of development projects and connected fast-tracked creation of further jobs at TAM Europe. From their case they can confirm what the world competitiveness reports and rankings of WEF and IMD analyse in depth are saying - Slovenia have a highly inefficient government bureaucracy.

According to Mr. Holger Postl, CEO of TAM Europe "TAM has withdrawn from the subsidy procedure after consultation with their owners. The effects of not implementing the subsidy scheme are insignificant, especially since neither management nor owners have been seriously expecting successful conclusion of this procedure after such a long time. TAM will continue its international market expansion and the development of forward-thinking bus and coach concepts including the world's most consequently designed electric city bus, which will be presented to the market later in 2016".


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