As it is in many other countries, the reemergence of Covid is the dominant issue in Slovenia. “With restrictive measures on movement and businesses back in place, everybody is trying to just make it through the whole thing,” says Kavcic, Bracun, & Partners Partner Aleksandra Mitic. “Everything else has taken a backseat – all the politicizing and bickering have faded into the background.”
To address the continuing effects of the virus, Mitic says, the “sixth stimulus package aimed at helping out businesses is currently before the parliament and is expected to be passed soon.” According to her, the package “will provide loans to companies, extend moratoria for repayment of loans, provide subsidies to companies for part-time workers, and the like.”
Another Covid-inspired measure comes in the form of proposed changes to the Slovenian Companies Act. Mitic says that it will be now easier for companies to set up and organize their general assemblies via video conferencing, a move that will “let them make some decisions and get some things done despite the entire situation. This is a big step forward for the way business is done.”
Mitic says that there is an ongoing debate over the proposed changes to the set up of regulatory agencies in Slovenia. According to her, “insurance, financial markets, competition, telecommunications, energy, infrastructure – each has its own independent regulatory body conducting oversight.” Mitic says that there is a “legislative proposal being considered that would streamline all of these into two larger regulatory oversight bodies: one dealing with competition and consumers and one dealing with the financial system.” She says that the current debates on this issue deal with whether or not this grouping will impair the work of regulatory bodies and whether complete political independence can be maintained.
Finally, Mitic says that, following a booming summer, the number of transactions has dropped a little bit recently. “Some M&A transactions have halted, and some have continued at a glacial pace,” she says, “but the important thing is that there is activity.” She reports that “areas such as infrastructure are doing rather well,” pointing to a long-running railroad project connecting the heart of the country with the port, which has entered the stage of selecting private partners to build the line. In addition, she says, there is “strong investment activity from foreign investors in domestic tech and pharma companies.”