Hot topics

Slovenia Business Week no. 14/2005: External Relations Directorate to Promote FDI, Exports

Apart from the promotion of foreign direct investment (FDI), the need for Slovenian companies to go international is set as one of the priorities in Slovenia's key strategic documents

The Economics Ministry External Relations Directorate is drawing up a programme aimed at the promotion of the Slovenian economy abroad and furthering economic cooperation on key markets.

Apart from the promotion of foreign direct investment (FDI), the need for Slovenian companies to go international is set as one of the priorities in Slovenia's key strategic documents.

According to the acting director general of the directorate, Slovenia has never had a comprehensive programme that would identify key markets for the Slovenian economy, or set down a strategy of entering those markets and a system of financial incentives.

Moreover, cooperation between the institutions responsible for this area has not been coordinated, in particular between the Foreign Ministry as the department in charge of business diplomacy and the Chamber of Commerce and Industry of Slovenia (CCIS).

Outlining the priorities of her directorate on Wednesday, 30 March, Mojca Jazbinsek Volk highlighted the role of business diplomacy in promoting Slovenian companies abroad. "We believe the efficiency of the existing network of economic offices abroad can be essentially improved."

Another important step in the efforts to make Slovenian companies international will be to set up a system of support infrastructure. Jazbinsek Volk referred to a group of experts abroad who provide Slovenian companies with information, advice and other support services.

Both the support infrastructure system and the programme encouraging Slovenian companies to go international are expected to be ready by the middle of this year.

Speaking about FDI, Jazbinsek Volk said this area had not been treated systematically so far, but that the directorate was currently working on an "active policy to make Slovenia more attractive to foreign investors".

The directorate is currently drawing up a decree on financial incentives for foreign investment and a programme aimed at encouraging FDI, which is to be debated by the government by the end of April.

Among other things, the directorate is also working on economic cooperation with NATO. The target is to get Slovenian companies more NATO contracts by means of various measures, such as informing companies on NATO tenders and on changes related to security clearance for companies.

Source: Slovene Press Agency STA

Author: STA