LYCOS RETRIEVER 
Slovenia: United States
built 657 days ago
The current government's ability to follow through on pledges to accelerate privatization of a number of large state holdings and increase FDI will be key to Slovenia's economic future. In late 2005, the government's new Committee for Economic Reforms was elevated to cabinet-level status with a program including plans for lowering the tax burden, privatizing state-controlled firms, improving the flexibility of the labor market, and increasing the government's efficiency. Many of the committee members and heads have resigned due to inability to make any significant progress. Though progress has been stalled on the program, the Jansa government has pledged to move forward with the planned reforms, which ... in the vast majority have not been realized thus far. Slovenia's position with respect to other central and eastern European (CEE) countries will decline without vigorous pursuit of economic reform.
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Slovenia occupies an area about the size of the state of Massachusetts. It is largely a mountainous republic and almost half of the land is forested, with hilly plains spread across the central and eastern regions. Mount Triglav, the highest peak, rises to 9,393 ft (2,864 m).
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In 2005, the Government adopted a Development Strategy, which focuses on a socially-based market economy and the aim of which is to see Slovenia exceed the average development of the EU by 2015. The strategy is based on a competitive economy, the promotion of a knowledge-based society, a more effective public administration, a modern welfare state and greater employment opportunities.
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The Government of Slovenia has diligently pursued its restructuring, reorganization, modernization, and procurement with the paramount goal of NATO interoperability. The United States has encouraged Slovenia to maintain the pace of reform--including the establishment of closer links with regional partners--even following its attainment of full membership in NATO.
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Despite its economic success, Slovenia faces growing challenges. Much of the economy remains in state hands and foreign direct investment (FDI) in Slovenia is one of the lowest in the EU on a per capita basis. Taxes are relatively high, the labor market is often seen as inflexible, and legacy industries are losing sales to more competitive firms in China, India, and elsewhere.[3]
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Events in Slovenia in 2000 were dominated by preparations for the regular quadrennial parliamentary elections held October 15. Two conservative parties that appealed to the same voter base, the Slovene People's Party (SLS) and the Slovene Christian Democrats (SKD), united into one at a joint congress held April 15.
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