Untitled Document

May 2019

CCIS NEWS

General Assembly on the operation of CCIS in 2018

At the last General Assembly of CCIS in the past four-year term that took place on 8 May, its members adopted the 2018 CCIS Annual Report. They also discussed current activities of the Chamber of Commerce and Industry of Slovenia and the proposed Social Agreement to Reform the Salary System. Furthermore, the Assembly of the CCIS got acquainted with the opinions of the Institute of Macroeconomic Analysis and Development (IMAD) regarding the implementation of the Slovenian Development Strategy 2030 as well as the effects of a potential hard Brexit and strained international trade relations on Slovenia.

Delegation from the Samara region at the CCIS

More than fifty business representatives attended the Russian-Slovenian meeting on 24 April on the occasion of the visit from the acting Governor of the Russian region of Samara Dmitry Igorevich Azarov and the economic delegation in Slovenia. The acting Governor of the Russian region of Samara Dmitry Igorevich Azarov sees many new opportunities, particularly in the fields of science and education, industry and tourism. He believes that the signing of an agreement between the two chambers will further boost the strengthening of business relationships. According to him, the Samara region has a very diversified industry and an excellent education system and science. Another advantage is supposed to be its good geographical location along the South-North and East-West corridors. Moreover, the region offers various fiscal and legislative initiatives for attracting capital and knowledge.

Design thinking – a framework for ensuring excellent user experience

On 24 April, fifty participants got acquainted with the process and approaches of Design Thinking for overcoming challenges in the implementation of 4.0 industry technologies. The event is organised as part of the DesAlps project to promote design thinking for innovative purposes in the ecosystem of the Alpine region, with an emphasis on introducing current issues for small and medium-sized enterprises.


UPCOMING EVENTS

21 May: Constitutive meeting of the new General Assembly

At its constitutive meeting, the General Assembly of the CCIS will elect the President of the CCIS, the President of the CCIS General Assembly and the CCIS Supervisory Board. The candidate for the new CCIS President is the current President of the CCIS, Boštjan Gorjup. He will present his vision for the future development of the CCIS at the General Assembly’s election meeting. At the meeting itself, additional candidates may be added to the list if a new candidate is nominated with the latter’s approval by at least ten Assembly members.

21 May: Visit of a business delegation from Kosovo

On the occasion of the visit of a delegation of Kosovo companies interested in doing business with Slovenia, at the CCIS, we are organising a Slovenian-Kosovar business meeting with an emphasis on bilateral B2B meetings, in collaboration with the Public Agency SPIRIT and the Slovenian Business Club Pristina.

23 May: Conference The Domino effect of the minimum wage act

The discussion will consider the effects of the amended Minimum Wage Act on the competitiveness of the economy as a whole, individual industries and companies, employee salary relations, employment, Slovenia’s credit rating and how businesses should respond to this.

28 May: Visit of the Prime Minister of the Republic of Northern Macedonia Zoran Zaev with a business delegation

On the occasion of the visit of the Prime Minister of the Republic of Northern Macedonia Zoran Zaev with a business delegation at the CCIS, we are organising a Slovenian-Macedonian business forum with an emphasis on B2B meetings with Macedonian business people and support institutions, in collaboration with the Public Agency SPIRIT and the Ministry of Foreign Affairs of the Republic of Slovenia. The participants will also be addressed by Prime Minister Zoran Zaev and Prime Minister Marjan Šarec.

28 May: Future Factories

Both in Slovenia and worldwide, factories and their manufacturing processes are becoming increasingly automated and digitalised and are, above all, adapting to new business models. At the conference there will be a lecture on connecting the business sector and institutions of knowledge, with emphasis on future factories, followed by short presentations of good practices and a round table on challenges of future factories. The event will conclude with the opening of the third exhibition under the brand of Future – Future Factories.

3 – 5 June: Meeting with Chinese traders, importers and suppliers in Budapest

Do you want to export to the Chinese market and manufacture products for wide consumption in the areas of food and beverages, food supplements and products associated with a healthy diet and solving health issues, natural cosmetic products, arts and crafts, and gift products? Join the delegation of representatives of Slovenian companies that will take part in a joint presentation and meeting with Chinese importers and traders between 3 and 5 June in Budapest, Hungary. The meetings will take place as part of the business event CHINA BRAND FAIR 2019 – https://chinabrandfair.eu.

12 June: National Conference Industry of the Future: Green. Creative. Smart and Collaborative.

The underlying theme of the first national conference will be the vision of a green, creative, smart and collaborative industry of the future. We will face developmental and political dilemmas as well as challenges in innovation, competencies, digitalisation, the 4.0 industry, environmental change, globalisation, limited raw materials, new materials, design, brands and new business models. Achievements and plans of the industry policy and examples of good practice will also be presented.

18 June: June: 8th Small Business Summit - New business opportunities

A crisis is coming. What crisis? New business opportunities are coming! We will be looking for them on 18 June at the 8th Small Business Summit, together with the representatives of the largest Slovenian companies that can also become your buyers, with advisors working on foreign markets, experts for financial resources, efficient sales and business consultancy, and the stars of the Slovenian business sector, who did not stop when they made their first million but continue to take on new challenges. Be there with us! Find new business opportunities at the 8th Small Business Summit.

18 June: Presentation of business opportunities in Taiwan

Are you interested in new business contacts in Taiwan, good business practices of Slovenian companies doing business with Taiwanese companies, financial incentives for visiting Taiwanese fairs? Would you like to establish new purchase channels with Taiwanese companies? Take part in the presentation of business opportunities in Taiwan organised by the Chamber of Commerce and Industry of Slovenia in collaboration with the Taipei Economic and Cultural Office from Vienna.

DATA SECTION

The operation of the Slovenian economy in 2018 was successful, the most successful in recent years according to some indicators. In 2018, (66,749) companies recorded net sales revenues in the amount of EUR 97.4 billion. Compared to companies operating in 2017, net revenues thus increased by 7.4%. Companies generated the highest increase in operating revenues with sales on the domestic market, namely EUR 56.6 billion (57.1%), and EUR 40.7 billion (41.8%) on foreign markets. Revenues on the domestic market increased by 6.5% and revenues on foreign markets increased by 8.7% (namely, revenues on the EU market by 9.5% and revenues on markets outside the EU by 5.7%). Large enterprises contributed the most to the increase in revenues on foreign markets, followed by small enterprises. In terms of individual industries, the increase in revenues on foreign markets compared to 2017 was largely generated by companies in the processing industries in the amount of EUR 1.5 billion, the sale, maintenance and repairs of motor vehicles in the amount of EUR 1.2 billion, and finance and insurance. In 2018, companies also recorded higher costs of goods, materials and services. In 2018, companies recorded these costs in the amount of EUR 75.9 billion, which is 7.4% more than in 2017. The costs of the purchase value of goods and materials sold were higher by 7.9%, the costs of materials used by 8.7% and the costs of services by 5.1% (with transport services recording the highest cost increase). Labour costs also increased in 2018 by 8.9%, which includes the 9.2% increase in the costs of salaries. In 2018, companies recorded EUR 22.4 billion-worth of added value, which is 7.6% more than in 2017. Small and large enterprises contributed the most to the higher value added. As the number of employees increased by 22,026 or 4.6%, value added per employee only increased by 2.9%, amounting to EUR 44,415.40. Net profit was the highest ever recorded and some other indicators were also more favourable than before the crisis. Net profit in the amount of EUR 4.2 billion represented an increase of 15.9% or EUR 575.2 million compared to 2017. Better results in company operation in 2018 were primarily due to large enterprises that recorded a net profit of EUR 2.1 billion, which is 22% (EUR 384.2 million) more than in 2017. The second biggest were small enterprises with EUR 946.4 million of net profit. In terms of individual industries, the profit increase was mostly generated by the sales (an increase in net profit of EUR 296 million), professional, scientific and technical industries (EUR 104.4 million). Six industries recorded a lower profit compared to 2017, while the other thirteen industries recorded a higher profit in 2018.

Short-term indicators for Slovenia in the first quarter of this year show favourable results, with growth rates slightly below the overall results for the past year. Growth in exported goods increased by 8.7% in the first quarter and imported goods increased by 8.5% compared to the same period last year. The high increase in the trade in goods drives growth in industrial production which increased by 4.3% in the first quarter. The service industry also recorded growth (9.7%). Retail sales continued to increase in the first quarter of this year, namely by 4.5%, while sales in motor vehicles increased by 9.1%. Higher growth in the past year continued this year in construction where the value of construction works in the first quarter of this year increased by 22.8%. Consumer prices increased by an average of 1.4% in the first quarter of this year.

Below you can find some statistical data for Slovenia:

Growth rates in % - in comparison to the same period of previous year

Latest data

GDP – real growth

3.6

4.q 2018, S.A.*

GDP – forecast for 2019**

2.9

Apr. 2019

Consumer prices (HICP)

1.7

Apr. 2019

Exports of goods

2.9

Mar. 2019

Imports of goods

6.2

Mar. 2019

Industrial production (manufacturing)

2.8

Mar. 2019

Retail sales w/o motor fuels (real)

3.7

Mar. 2019

Construction (real)

28.2

Mar. 2018

Exchange rate EUR/USD

1.1238

Apr. 2019

Diesel (EUR/liter), VAT incl.

1.292

Valid from May 7th, 2019

*seasonally and calendar adjusted
**Eastern European Consensus


Issued by: Chamber of Commerce and Industry of Slovenia, Dimičeva 13, Ljubljana
Contact: poslovni.tednik@gzs.si, T: (01) 5898 000, eng.gzs.si

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