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Exports up 2.1% in October year-on-year, imports down 8.5%

Ljubljana - Slovenia's exports totalled EUR 3.2 billion in October, up by 2.1% on the same month in 2019. Imports meanwhile stood at EUR...

Beverage industry battling significant contraction of demand

Ljubljana - Slovenia's major beverage companies are no exception when it comes to the devastating impact of the pandemic on the industry worldwide. Some...

Brussels upgrades Slovenia’s GDP forecast for 2021 to 4.9%

Brussels - The European Commission has upgraded Slovenia's GDP growth forecast for this year by 0.2 of a percentage point to 4.9%, while downgrading...

Ventilation window supplier MIK posts higher revenue, profit in 2020

Vojnik - MIK, a company producing and supplying doors and windows, generated EUR 24.4 million in revenue in 2020, up by more than 40%...

TAIA translation interface gets EUR 1.2m venture capital investment

Ljubljana - The Slovenia translation platform TAIA, which makes use of deep learning methods, has received a EUR 1.2 million investment from Fil Rouge Capital, a European venture capital fund. The funds are to be used to boost TAIA's presence on foreign markets and a further development of the deep learning algorithms.

Anti-money laundering agency gets full-fledged head

Ljubljana - The government has appointed Damjan Žugelj a full-fledged director of the Office for Money Laundering Prevention, after he has led it as...

Hidria wins AmCham award for best business practice

Ljubljana - AmCham Slovenia has declared Hidria the winner of its best business practice award as part of the Best of the Best project....

Impol’s past six years marked by growth

Slovenska Bistrica - Impol, a leading Slovenian aluminium producer, generated EUR 165 million in net profit in the six-year period between 2015 and 2020,...

EUR 472m in due credit deferred, EUR 387m in crisis loans...

Ljubljana - Banks in Slovenia approved around EUR 472 million worth of loan payment deferrals in what have been roughly seven months of the coronacrisis. By 16 October they have moreover issued EUR 387.3 million worth of liquidity loans needed because of the crisis. Companies have meanwhile made very limited use of the state guarantees available for loans.

How Blockchain Can Help the Forex Market

As blockchain technology continues to expand beyond bitcoin and the broader cryptocurrency sector, it’s important to recognise that there are additional applications in the world of finance. In fact, this is something we pointed out last year in our post, ‘Vitanje Hosts Forum on Future of Blockchain’. In said post, blockchain experts were quoted indicating that the technology would continue to be “most useful in finance.”
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