According to the Small Business Act (SBA) Fact Sheets, Slovenia’s SMEs are still suffering from the consequences of the crisis, to different degrees depending on the sector of activity. Manufacturing has recovered better from the 2008-09 slump, but it has not yet returned to pre-crisis levels. The construction sector is still caught up in deep economic restructuring triggered by the shortcomings of the bank sector, which in turn has affected Slovenia’s overall financial stability. As a consequence, in 2012, strong austerity measures were taken to correct the economy. The government launched broad-based austerity measures in a bid to trim spending and avoid a financial crunch. The outlook for 2013 is more positive and should provide a more favourable context to put into practice the 2012-13 SBA implementation action plan in order to meet the needs of the Slovenian business sector, especially SMEs. The next action plan should take into account the current economic situation and pave the way for a more structured and monitored SBA implementation in the future. The role of the SME envoy should be stepped up to take on more executive and coordination powers, as suggested by SME stakeholders consulted for this exercise, in order to tackle the over-bureaucratisation of public administration and establish communication channels with the business community.
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|Key indicators on access to finance|
Slovenia ranked 15th out of 27 countries in the 2012 SMAF Index.
For details on SMAF index and methodology please click here.
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Source: Chart compiled using ECB data
Note: Loan volumes and interest rate data for 2013 are to the period September 2013 only (due to data availability as at November 2013).
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|Business angels finance|
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Appendix: ACTIONS SUPPORTING ACCESS TO FINANCE FOR SMEs (PDF) [379 KB] [379 KB]