Business News

Slovenian retail in good shape, conference hears

Brdo pri Kranju, 16 October (STA) - Trends in Slovenian retail are positive as they are in the entire economy, but the projections of cooling must be taken very seriously, head of the Chamber of Commerce Marinča Lah said at a conference on retail and digitalisation held in Brdo pri Kranju on Wednesday.

Lah noted that for the first time ever this year real-terms revenue growth in Slovenia's retail is exceeding the EU's average growth.

"So we can say that retail got back on track in 2019 ... but unfortunately the level of revenue still does not match that recorded in 2008."

She is happy that the purchasing power of Slovenians is on the rise. While in 2008, the purchasing power of Slovenians amounted to 90% of the EU average purchasing power, now it is at 87%. "We are also catching up with Europe in terms of the share of users of on-line shopping services," she said.

However, she warned that despite the positive trends the forecasts of economic cooling must be taken seriously. She is confident though that both Europe and Slovenia are now much better prepared for a potential crisis than in 2008.

Lah also praised the campaign for reducing the use of plastic bags in shops, which was embraced by some three-quarters of shops in Slovenia. No other EU country has managed to carry out this project on such a large scale, she said.

The conference, focussing on the role of humans in the time of rapid technological development, was also addressed by Prime Minister Marjan Šarec.

Despite all the changes and digitalisation, a human being with their know-how and selling skills is what is the most important for the development of the branch, he said.

The PM noted that recently domestic consumption had been rising, while exports had been slowing down somewhat as a result of cooling.

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