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Brussels – The European Commission on Wednesday recommended that Slovenia strengthen its economic competitiveness as part of the spring package of the European Semester. Among the recommendations to Slovenia is also the strengthening of administrative capacities for managing EU funds.
In its report on Slovenia, the Commission finds that Slovenia remains competitive in key export markets, that the Slovenian industry has increased productivity faster than competitors, and that the national recovery and resilience plan includes certain measures to improve economic competitiveness. However, there are still certain challenges in this area.
According to Brussels’ recommendations, Slovenia can address these by promoting the entrepreneurial environment and the opening of rapidly growing companies. In this context, they emphasized the importance of improving investment conditions.
Economic competitiveness can also be strengthened by further enhancing skills and measures to address labor shortages.
In the second recommendation, the Commission called on the Slovenian authorities to strengthen administrative capacities for managing EU funds, while it is also necessary to accelerate investments and maintain momentum in the implementation of reforms.
At the same time, Brussels announced the initiation of excessive deficit procedures against seven member states with a public finance deficit of more than three percent of GDP. For Slovenia, the Commission found that, although a deficit of more than three percent was forecast for this year, it is not expected to materialize. Therefore, it does not intend to initiate proceedings against Slovenia. (June 19)