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D&B Noticing Improvements in Slovenian Economy

Ljubljana, 05 October (STA) - International rating firm Dun&Bradstreet (D&B) notices in its October report that the outlook for Slovenian business performance and trading conditions is improving. D&B also kept Slovenia's rating at DB2c, which means low levels of risk. The rating trend is labelled as stable.

After six quarters of economic downturn, Slovenia experienced positive economic activity in the second quarter, D&B's Ljubljana-based partner Bonitetna hisa I said on Tuesday. The rating firm attributes the positive changes to the real GDP, increase in export and import, which is however still lagging behind.

D&B warns about the growing inflation, which was partially caused by the government's increase of excise duties in August.

The firm says, however, that the government, wary about the inflationary pressure, has proposed a temporary six-month freeze on prices of the communal service. It is supposed to alleviate the pressure on companies' solvency.

D&B also finds the government's intention to help the Slovenian economy with diplomatic activities highly positive. After several major employers declared bankruptcy, the creation of new jobs by the government's activities will be more than welcome.

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