The Slovenia Times

Finance examines risks for Slovenian exports


The paper notes the looming US sanctions against Russia and Turkey which US President Donald Trump is using as a threat to pressure Russia over the chemical weapons attack in the UK and Turkey over the detention of a US pastor in the wake of the 2016 failed coup attempt.

The news that Russian airline Aeroflot could face a ban on flights to the US and that Turkey could be cut off from financing by US investors have further depressed the Turkish lira and the Russian rouble, the currencies that shape the results of some Slovenian export companies.

Exports to Russia represent 1.5% of Slovenia's overall merchandise exports, and those to Turkey a further 1%, which makes them the third and seventh most important trading partners outside the EU.

There is no shortage of news which indicate a cooling in international trade. However, for the time being Slovenian exports appear to be very resilient, writes the paper under the headline Slovenian Exports Like Perpetuum Mobile.

The paper notes that analysts believe the exports will continue to grow at an annual rate of about 7% in the future.


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