Business News

Slovenia 3rd Most Attractive CEE Location for German Business

Berlin/Ljubljana, 20 June (STA) - German companies have ranked Slovenia the third most attractive investment location in Central and Eastern Europe (CEE), after the Czech Republic and Poland, according to a survey conducted by the Association of German Chambers of Industry and Commerce.

German companies operating in Slovenia are most critical of the tax system, the high tax wedge and labour costs, while they believe Slovenia's assets are membership of the EU, public infrastructure and public administration.

German companies operating in 15 countries in the region placed Slovenia 8th in their assessment of the current conditions for business. Poland ranks first and Croatia last among the 15 countries in the region.

Slovenia places 5th in terms of business prospects, which shows that German companies are much more optimistic about the future operations than they are about the situation at the moment.

Only 10% of the German companies in Slovenia plan further layoffs (the average for the region is 18%), 66% of the companies do not intend to change their headcount and 24% even plan to open more jobs.

Despite the positive assessments, problems from the past remain, President of the Slovenian-German Chamber of Commerce and Industry Gertrud Rantzen has said, pointing to too high tax wedge and labour costs.

In quoting the results of the survey, the Slovenian Public Agency for Entrepreneurship and Foreign Investments was encouraged by the upbeat expectations of German companies for future operations, employment and investment.

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