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Slovenia Business Week no. 10/2005: D&B: Slovenia on Course to Become First New EU Member in Eurozone

International rating firm Dun&Bradstreet (D&B) believes that Slovenia is on course to meet convergence goals and become the first of the new EU entrants to join the eurozone despite the EU's warnings about the risk of budget expenditure overrun

International rating firm Dun&Bradstreet (D&B) believes that Slovenia is on course to meet convergence goals and become the first of the new EU entrants to join the eurozone despite the EU's warnings about the risk of budget expenditure overruns.

D&B believes that the economy is unlikely to slow significantly over the next two years. It amended its GDP growth estimate up from 3.8% to 4% for 2004 and 2005, and from 3.9% to 4.2% for 2006. The estimates of other indicators remain the same.

In its report for March, D&B maintains Slovenia's risk rating at DB2c, the highest in Eastern Europe. The risk report continues to bear a mark indicating that Slovenia's rating could be upgraded in the coming months.

The rating firm also estimates that Slovenia's relations with neighbouring countries continue to pose a small risk element. Here, the report refers to the latest hauliers' spat with Croatia.

Source: Slovene Press Agency STA

Author: STA