Business News

Govt Adopts Measures to Boost Competitiveness

Ljubljana, 12 September (STA) - The government adopted Thursday three measures aimed at boosting competitiveness of the Slovenian business environment, Economy Minister Stanko Stepišnik said after the government session. The proposals cut time needed to set up a company and extend eligibility for support to entrepreneurship.

Citing additional administrative hurdles and longer waiting times introduced by an amendment of the companies act from November 2011, the government proposes to scrap the set of rules which bar members of the management or supervisory boards of companies in insolvency procedures from incorporating new companies or serving on other management or supervisory boards.

The proposal also cuts from 10 to 5 years the period for which an individual convicted to jail time for certain business-related crimes is barred from incorporating a new company.

The amendments in question were stayed by the Constitutional Court in December 2011 after being sent to constitutional review by the government.

The government argued that the rules could not be implemented and that potential benefits to workers and creditors arising from the ban targeting indecent managers are negligible compared to the serious negative impact on honest managers, supervisors and the economy in general.

Proposed changes to the supportive environment for entrepreneurship act meanwhile extend eligibility for incentives and financing related to entrepreneurship and innovation from companies and sole proprietors to cooperatives, institutes and individuals.

The government also proposed changes to the industrial property act, which clarifies recourse procedures for those missing deadlines for industry property rights.

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