Consumer confidence continues to deteriorate
Ljubljana, 22 September (STA) - Consumer confidence in Slovenia deteriorated for the third month in a row in September as the relevant indicator was down by one percentage point compared to August, which the Statistics Office attributes to more pessimistic expectations regarding the economic situation in the country and financial situation in households.
Budget R&D spending up for fifth year in a row
Ljubljana, 21 September (STA) - Budget funding for research and development (R&D) stood at EUR 243.5 million in 2020, up 11% over the year before and the fifth consecutive annual increase, show Statistics Office data. Spending increased in relative terms as well, amounting to 0.52% of GDP.
Žalec, 18 September (STA) - Juteks, a maker of floorings owned by the Belgian Beaulieu International Group, has not been affected much by the Covid-19 pandemic. Sales revenue rose by 2.3% to EUR 43.3 million in 2020 and net profit was up by more than 30% to EUR 5.8 million.
Ljubljana, 16 September (STA) - The Institute of Macroeconomic Analysis and Development (IMAD), the government's economic forecaster, has upgraded Slovenia's growth forecast for the year to 6.1%, 1.5 percentage points up from its spring outlook. It projects for GDP growth to then ease off to 4.7% in 2022 and 3.3% in 2023.
Celje, 15 September (STA) - Slovenian maker of ultralight aircraft Pipistrel has signed an aircraft manufacturing agreement with Hungary's Genevation Aircraft on the manufacture, marketing and provision of after-sales support for select markets, a deal the company says is worth in excess of EUR 100 million over ten years.
Ljubljana, 14 September (STA) - The steel group SIJ generated EUR 451.6 million in sales revenue in the first half of the year, or 24.4% more year-on-year, while bouncing from a loss in the first half of 2020 to more than EUR 10 million in net profit.
Postojna, 13 September (STA) - The Postojna Cave, one of Slovenia's main natural landmarks, which reopened for visitors in June after the longest closure in its history due to Covid-19 restrictions, expects to have around 220,000 visitors this year. The head of the company operating the cave, Marjan Batagelj, expects the pre-pandemic figures to be reached in ten years.
Ptuj, 12 September (STA) - The poultry group Perutnina Ptuj posted EUR 294 million in sales revenue in 2020, a new record and 3% increase on the year before. Earnings before interest, taxes, depreciation and amortization (EBITDA) were up 7% to EUR 47.7 million, the company has reported.
Ljubljana, 10 September (STA) - Slovenia's industrial output contracted by 1.7% on a monthly basis in July but increased by 8.9% year-on-year, show data released by the Statistics Office on Friday. July's output was up over the pre-Covid year 2019 as well, by 2.8%.
Ljubljana, 09 September (STA) - Slovenia exported goods in the value of EUR 3.5 billion in July, or 17.3% more than in the same month last year, while imports, also totalling EUR 3.5 billion, were up by 26%. The imports-to-exports coverage was 98.9%, as a EUR 40 million trade deficit was recorded in July, the Statistics Office reported on Thursday.
Ljubljana, 08 September (STA) - Slovenia has extended a 10-year bond issued in February last year by EUR 250 million to finance the purchase of two outstanding bonds, a seven-year bond due on March 2022 and a three-year bond due in March 2023.
Idrija, 08 September (STA) - Industrial conglomerate Hidria will start building a EUR 40 million high-tech centre for the development and production of key components for electric motors for hybrid and electric vehicles next year. The new centre is slated to open in the middle of 2023, and will first service car manufacturers BMW and Mercedes.
Ljubljana, 08 September (STA) - Slovenian insurance companies will be free of restrictions on the distribution of profit after the Agency for Insurance Supervision decided not to extend beyond September a macroprudential measure that severely curtailed payouts.
Kranj, 08 September (STA) - The Slovenian broadband access solutions provider Iskratel will work with Ukraine's Ukrtelecom on a project to expand the fibre-optic network in Ukraine in a deal worth EUR 12 million, the Kranj-based company said on Wednesday.
Sladki Vrh, 07 September (STA) - Paloma, a maker of hygienic paper products, posted sales of EUR 73.5 million for 2020, down nine percent over the year before. Net profit was just shy of EUR 10 million, compared to EUR 1.6 million in the year before, according to the company's annual report.
Ljubljana, 02 September (STA) - The Slovenian central bank will not extended a requirement that banks, savings banks and leasing companies may not distribute profit, which runs out at the end of September. Banka Slovenije nevertheless expects the financial institutions will apply a conservative approach while taking into account individual circumstances.