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Economy of Slovenia


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location at the crossroads of major trade routes. The level of foreign direct investment (FDI) per capita in Slovenia is one of the lowest in the EU, and the labour productivity and the competitiveness of the Slovenian economy is still significantly below the EU average. Taxes are relatively high, the labor market is seen by business interests as being inflexible, and industries are losing sales to China, India, and elsewhere.

High level of openness makes Slovenia extremely sensitive to economic conditions in its main trading partners and changes in its international price competitiveness. The main industries are motor vehicles, electric and electronic equipment, machinery, pharmaceuticals, and fuels. An increasing burden for the Slovenian economy has been its rapidly ageing population.

There is a big difference in prosperity between the regions. The economically most prosperous statistical regions are the Central Slovenia and the Slovenian Littoral, while the poorest are the Mura, the Central Sava and the Carinthia.

Energetics

In 2011 electricity production was 14.144 GWh, electricity consumption was 12.602 GWh. Electricity production by source: hydro 3.361 GWh, thermal 4.883 GWh, nuclear 5.899 GWh.

Current investments: new 600 MW block of Šoštanj thermal power plant is in construction and will be finished by 2014. New 39.5 MW HE Krško hydro power plant will be finished this year. By 2018, 41.5 MW HE Brežice and 30.5 MW HE Mokrice hydro power plants will be built on Sava river. Construction of ten hydropower plants on the Sava river with a cumulative capacity of 338 MW is planned to be finished by 2030. Big pumped storage hydro power plant Kozjak on Drava river is in planning stage.

Renewable energy in Slovenia: at the end of 2011 at least 87 MWp of photovoltaic modules were installed and 22 MW of biogas powerplants. There is a plan and obligation that at least 500 MW of wind power will be installed by 2020
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