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Slovenia Business Week no. 40: Slovenian Trade Offices Abroad to Launch Operations in 2007

Public Agency for Entrepreneurship and Foreign Investment (JAPTI) says the first four Slovenian trade offices abroad are to be launched in January 2007 in Milan, Duesseldorf, Bucharest and Istanbul

Public Agency for Entrepreneurship and Foreign Investment (JAPTI) says the first four Slovenian trade offices abroad are to be launched in January 2007 in Milan, Duesseldorf, Bucharest and Istanbul.

The agency is to open four more offices abroad next year, their locations depending on the needs of Slovenian companies and the potential for closer bilateral ties.

Trade offices in Milan in Italy and Duesseldorf in Germany opened in November, while the office in Turkey's Istanbul is due to open in December, followed by the one in the Romanian capital in January 2007.

According to the agency, the representatives have already been appointed. Lara Cernetic is to head the Milan office, Janez Trkman the one in Duesseldorf, Daniel Vehovar the Istanbul office and Branko Grgic the office in Bucharest.

Each office will have three employees, two of them from Slovenia and an expert on entrepreneurship, marketing and investment from the host country.

The funding for the offices is provided by the Finance Ministry, which earmarked SIT 144.7m (EUR 0.60m) for the purpose this year.

The agency in addition plans to introduce chargeable services so that the offices will cover 10% of their costs with the sale of services in the second year of operations and 20% within four years.

The office will provide assistance to all small and medium-sized companies in entering the market, expanding their exports and investment.

Its job will also be to promote Slovenia as a market attracting foreign direct investment, mainly by providing advice and the required information to potential investors.

Some of the services for Slovenian companies will be free, while more demanding specific services, such as detailed market analyses, search for suppliers and subcontractors, will be chargeable.

The overall budget for internationalisation, direct investment and trade offices abroad amounts to SIT 500m (EUR 2.09m), with an additional SIT 97m (EUR 0.40m) coming in the form of EU-funded international projects.

Source: Slovenian Press Agency STA

Author: STA, Slovenian National Press Agency