Business in Europe is starting to resume after COVID-19 outbreak. The majority of the countries have started to loosed the restrictions and businesses are opening their doors again. But because of the time when businesses were closed, it put a big financial strain on local companies. Every government has tried to support their local economy and Slovenia was one of the countries that offered the most generous packages to support businesses and the population. Now, we can finally see the implementation of government measures in practice, especially the ones ensuring liquidity.
Are you a business owner in Slovenia or looking to register a company here? Are you having trouble understanding what is best for your business? Apply for our free webinar on company registration and business immigration!
Call our experts on +386 1 6006 270, Viber/Whatsapp +386 40 530 718 or write to us on data@data.si
Data d.o.o. has been offering support to entrepreneurs with business in Slovenia for 30 years through company registration. Currently we can also provide our support in company registration remotely. We also provide professional accounting services . Additionally, we also have a specialized legal department that supports business owners with every aspect of business Slovenian legislation. They can also assist you in implementation the government measures that the state offers to entrepreneurs during coronavirus outbreak. We also follow the novelties that the state enforces to support the economy and can offer consultation. You can also follow us on Facebook.
Implementation of government measures in Slovenia in practice: banks started activities to ensure liquidity of businesses in Slovenia
In order to ensure liquidity of the companies, banks have started to approve deferral of credit payments to companies that receive their credit approval after 12.3.2020. Ensuring liquidity in this way will be crucial for a fast exit of the current crisis and fast recovery of Slovenian economy, for which the predications are above average. A high request for deferrals in April showed how crucial the implementation of government measure was for Slovenia. This government measure was implemented in practice very quickly also because of effective feedback and willingness of the bank to carry it out.
Until 1st May, the banks have received 22.227 application to approve deferral of credit payments or applications for new liquidity credits. All together these applications amount to 267.2 million EUR. From this amount, 234 million EUR requests came from companies, while the rest of requests were from the general public.
The EU commission predicted economic recovery in Slovenia to be 6,7% until the end of 2021, which will bring the GDP back to the rate of 2019. Because of stable public finances and bank liquidity, Slovenia will recover more quickly than other EU states also because of fast implementation of government measures.
Are you considering opening a company in Slovenia and buying real estate? Apply for our free webinar on this topic here:
Good economic indicators for Slovenia present a great opportunity to start a business in Slovenia. Contact us for support!
Do not miss the unique opportunity to learn about company registration and support of company DATA with business in Slovenia! Contact us to for more information. Send us an email to data@data.si. You can also call us on +386 1 6006 270, Viber/Whatsapp +386 40 530 718 or skype data.business7.
Leave a Reply