The Slovenia Times

Cerar promoting investment in Slovenia in New York's Athletic Club


The prime minister, accompanied by a strong business delegation, was received by the chamber's Executive Director Yvonne Bendinger-Rothschild and President James Rosener before taking part in an investment breakfast.

Slovenia is a small country but a big exporter, Cerar pointed out, noting that the country's exports to Germany exceeded those by Canada or Mexico.

He highlighted the country's geostrategic position between Europe's East and West and its political stability.

Slovenia's economy has been expanding again since 2013 and FDI grew by 14% last year, Cerar stated, calling for more US investments.

He believes investors could benefit from the country's favourable tax environment, with a 17% nominal tax rate for corporations, which is one of the lowest in the EU.

Slovenia also boasts excellent infrastructure, highly qualified and highly trained labour force and high innovation rate in business, according to the prime minister.

But he did admit that much is yet to be done to cut the red tape and improve the labour legislation.

While the business delegation continued presenting their companies in New York, the government officials left for Boston to meet officials of data storage and information security company EMC in what will be another in a series of visits to some of the world's major information technology companies.

The delegation of 21 representatives of Slovenian businesses, industrial associations and schools, includes officials from energy company Petrol, the state-owned NLB bank and telco Telekom Slovenije.


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