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Database of national-level policy measures

Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.

Factsheet for measure SI-2020-34/1101 – measures in Slovenia

Employers make recommendations for the economic upturn for Slovenia 5.0

Gospodarski zagon za Slovenijo 5.0

Country Slovenia , applies nationwide
Time period Open ended, started on 20 August 2020
Context COVID-19, Green Transition, Digital Transformation
Type Non-binding recommendations or other texts
Category Promoting the economic, labour market and social recovery
– Support for spending, stimulus packages
Author Maja Breznik (University of Ljubljana) and Eurofound
Measure added 11 September 2020

Background information

The Chamber of Commerce and Industry of Slovenia (GZS) issued recommendations for the economic upturn in the ‘post-corona’ period. In the introduction, the employer organisation assesses the four emergency laws for mitigation of the COVID-19 effects. Emergency measures have provided efficient support to people and protection of employment. Not so efficient, according to GZS, has been the financial help provided to companies: as they have problems to fulfil the conditions in order to obtain guarantees and deferred debt instalments, financial instruments are underused.

Content of measure

The Chamber of Commerce and Industry of Slovenia (GZS) positively assessed the government’s plans for investments which may foster economic growth in many activities, particularly in the construction. There are investments needs in the development (knowledge, innovation, digitalisation), the improvement of infrastructure, the transition to a low-carbon society, and housing. GZS identified six domains which should be prioritized:

  • growth of domestic consumption (energy renovation of buildings, new investments in public buildings);
  • investments in infrastructure (road, rail, and IT infrastructure system, renewable-energy power plants, 5G investments);
  • Support to the digitalisation of business enterprises as well as public administration, tax exemptions for investments in digitalisation;
  • more investments in research, particularly for the joint projects between research institutions and businesses;
  • environmental investments (improved waste collection and recycling, the transition to climate-neutral and circular economy, new resources of water);
  • investments in agriculture, food processing, and food self-sufficiency.

GZS estimates that between three and four billion euro could be spent annually for the above-mentioned projects.

Use of measure

The Chamber of Commerce and Industry of Slovenia (GZS) has estimated costs for each priority area. Among financial sources, included in GZS’ calculations are the European Rescue Fund, the European Cohesion Fund and other European and national funds. Sources for investments may also come from the private sector as well as households. GZS highlights that the investment potential of companies is high, since they achieved the record profits in 2019, while their indebtedness is considerably low.

Target groups

Workers Businesses Citizens
Does not apply to workers Applies to all businesses Does not apply to citizens

Actors and funding

Actors Funding
Employers' organisations
European Funds
Local funds
National funds

Social partners

Social partners' role in designing the measure and form of involvement:

Trade unions Employers' organisations
Role No involvement Agreed (outcome) incl. social partner initiative
Form Not applicable Any other form of consultation, institutionalised (as stable working groups or committees) or informal

Social partners' role in the implementation, monitoring and assessment phase:

  • Unknown
  • Main level of involvement: Peak or cross-sectoral level

Involvement

The Chamber of Commerce and Industry of Slovenia (GZS) issued recommendations for the economic upturn in the ‘post-corona’ period.

Views and reactions

No feedback so far.

Sources

  • 20 August 2020: Komentar GZS: Nov gospodarski zagon za Slovenijo 5. (www.gzs.si)

Citation

Eurofound (2020), Employers make recommendations for the economic upturn for Slovenia 5.0, measure SI-2020-34/1101 (measures in Slovenia), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/SI-2020-34_1101.html

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