ARTICLE · 04 SEPTEMBER 1995
Taxation - Introduction and Developments
HungaryAccounting and Audit
Introduction
In spite of its small size, a number of foreign investors are closely considering Slovenia as a target country for prospective investments, and Slovenia is in fact making every effort to attract them. Since 1991, on gaining independence from the former Federal Republic of Yugoslavia. The country has been granted membership in the IMF, IBRD, EBRD and GATT. In 1993, Slovenia signed a Cooperation Agreement with the EC. To assist progress towards full EU membership, new bills and amendments of existing regulations are being made more compatible with EU rules.
In addition to its political stability, Slovenia has been successful in avoiding excessive state budget deficits and hyper-inflation. Although public sector expenditure has remained rather high (almost 50 % of GDP), a budget surplus could be maintained so far. A GDP per capita exceeding USD 7000 marks Slovenia as a market with good potential in the Central European region.
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