Business News

FDI Seen as Key Source of Capital for Growth

Ljubljana, 14 October (STA) - Slovenia has limited capital resources and it needs to find new sources to finance growth, Marjan Hribar, the head of the tourism directorate at the Economy Ministry, told a panel at the FDI Summit in Ljubljana on Friday. He said foreign direct investment was one such possible source.

Hribar said the ministry had drawn up a set of measures designed to make Slovenia more attractive to foreign investors. The final decision on these measures will probably be made by the next government.

Other possible sources of financing highlighted at the panel include venture capital funds and international financial institutions such as the European Bank for Reconstruction and Development (EBRD).

Croatian retail and food group Agrokor has a lot of experience with the EBRD, with Damir Kustrak, executive vice-president for export markets, telling the panel that support by the EBRD makes commercial banks more confident.

Turning to Slovenia, Kustrak said it had been overly cautious about foreign investors, which had turned out to be a problem in the economic crisis.

The FDI Summit, which ends today, has been organised by the English-language monthly newspaper Slovenia Times in cooperation with the Public Agency for Entrepreneurship and Foreign Investments (JAPTI) and the Ljubljana Faculty of Economics.

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