Slovenia was by far the richest sub-republic of Yugoslavia with a relatively high standard of living. Visit AbbreviationFinder to see the definitions of SLO and acronym for Slovenia. Unemployment, which was extremely marginal before independence, was 8.8 percent in 2012, with the resultant social problems. The country has a well-developed social social system that gives the inhabitant the highest standard of living in former Eastern Europe, among other things. in the form of a state pension fund. On the healthcare side, Slovenia is on par with many Western European countries as measured in eg. number of residents per doctor or hospital bed. Check to see Slovenia population.
In January 2013, the Commission for the Prevention of Corruption in Slovenia issued a report showing that both Prime Minister Janez Janša and PS Chairman Zoran Janković had systematically failed to disclose the exact value of their assets. For the prime minister, he had bought a house co-financed by a large contractor with large government contracts, and his spending in 2011-12 exceeded his income and wealth by € 200,000. For Janković, the total value was DKK 2.4 million. € he had not reported to the commission and there were return commissions from contractors who went back to the mayor’s account via his sons. The consequence of the corruption revelations was that Janković resigned as chairman of the PS, and later this month the government lost a vote of confidence in parliament.Alenka Bratušek then formed a new government in February.
In April, the European Commission warned the country that it had to deal with the problems of the Slovenian banks. Prime Minister Bratušek declared that the government worked day and night to save the country’s banking system. Rating agency Moody’s downgraded Slovenian government bonds to junk status, increasing the likelihood of the country asking the EU for a rescue package. In May, the government adopted a crisis package to prevent it from seeking financial help in the EU. There was apparently an international campaign against the center-left government. In April, the German Die Welt assessed that Slovenia, together with Germany and Estonia, were among the most financially stable countries in Europe.
Former Prime Minister Janša was sentenced in June to 2 years in prison for corruption. A verdict has stated he would appeal.
Formerly a federated republic within the Yugoslav Federation, Slovenia became independent on 8 October 1991. In that same year, 1,975,000 residents were counted, mostly of Slovenian ethnicity (90.5% in 1981). The capital, Ljubljana, had 267,000 residents in 1991. Slovenia has a balanced economy, with a very diversified primary sector (cereals, beets, potatoes, cattle breeding, timber), discrete mineral resources (lignite, lead, mercury), a consolidated industrial base (steel, lead and zinc metallurgy, textile, chemical, metalworking, electronics, pharmaceutical, food industries) and a well-developed tertiary sector (tourism, commerce, banking). Tourism, in particular, before the events that led to the end of the Yugoslav Federation, it contributed 12% to the formation of the republic’s GDP. Before the disintegration of Yugoslavia, the Slovenia was the republic which, in proportion to its demographic consistency (8.4% of the total), gave the greatest contribution to the economy of the Federation (20% of the gross domestic product and almost 30% of the exports). Industrial production, oriented above all towards the transformation sectors, was largely absorbed by Serbia, which supplied the Slovenia with energy, raw materials and agricultural products. After the interruption of economic relations with Serbia, Slovenia turned to other non-Yugoslav markets in order to procure raw materials; but it was unable to find a large outlet market, such as the Serbian one, where it could sell its finished products.
Therefore, despite having been involved only marginally and for a short time in the war events, and not having suffered damage to industrial plants and infrastructures, Slovenia was affected by the indirect consequences of the war (in particular by the loss of the Serbian market) which they are manifested in the form of a sharp decline in demand and with it in production. Slovenia, which was the first republic to apply the new privatization laws introduced by the last federal government, is proceeding decisively along this path, attracting flows of foreign capital (especially Austrian and German) and is intensifying its collaboration with the ‘European Union and with Austria, especially in the field of investments and commercial exchange. L’