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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-2023-32/3512 – measures in Slovenia

SID Green

SID zelen

Country Slovenia , applies nationwide
Time period Temporary, 08 August 2023 – 30 June 2024
Context Green Transition
Type Other initiatives or policies
Category Promoting the economic, labour market and social recovery into a green future
– Financing the green transition
Author Maja Breznik (University of Ljubljana) and Eurofound
Measure added 29 February 2024 (updated 28 March 2024)

Background information

SID Bank (Slovenska izvozna in razvojna banka) is a development bank owned by the Republic of Slovenia, responsible irrevocably and without limitations for SID Bank’s liabilities deriving from the transactions. With its banking and insurance services, the bank promotes sustainable and green development through support schemes, such as SID Green . Established in 1992 as the Slovenian Export Corporation (SID) for managing insurance of export for Slovene companies, its activities have expanded to long-term financial services with the Slovenian Export and Development Bank Act (ZSIRB), adopted in 2008. During the financial crisis, the bank provided counter-cyclical financial support to businesses. Since 2020, it has reassumed this role of helping industries most hit by the COVID-19 pandemic (see also Developments incentives in 2021 , SID Bank ) or by the war in Ukraine (see also Liquidity loans . SID Bank acquires most funds through borrowing on the international financial markets, and transmits them to the economy in repayable forms.

Content of measure

Supporting the sustainable development of Slovenia, SID Bank also promotes green investments in the environment, renewable energy sources, clean transport, circular economy and sustainable management. SID Green loan programme provides credits for investment and working capital, which supports projects to reduce environmental impact. Loans can range from €100,000 to €2 million and have a maturity of up to 12 years, with the possibility of a moratorium. The interest rate is lower than the market rate thanks to the European Investment Fund guarantee.

Eligible are projects that meet at least one of the criteria for sustainable financing:

  • Activities related to renewable energy;
  • Energy-efficient commercial buildings;
  • Energy efficiency in industry;
  • Zero-emission and low-emission mobility;
  • Development and use of green ICT;
  • Circular economy and recycling;
  • Waste reduction;
  • Management and efficient use of water resources;
  • Pollution prevention and control;
  • Protection of biodiversity;
  • Improving the accessibility of services for customers and employees with disabilities.

The call is open until 30 June 2024.

Use of measure

No information available.

Target groups

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

Actors and funding

Actors Funding
National government
European Funds
National funds

Social partners

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

Trade unions Employers' organisations
Role No involvement No involvement
Form Not applicable Not applicable

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

  • No involvement
  • Main level of involvement: N/A

Involvement

There is no information on the involvement of social partners in negotiations about supporting schemes

Views and reactions

No information available.

Sources

Citation

Eurofound (2024), SID Green, measure SI-2023-32/3512 (measures in Slovenia), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/SI-2023-32_3512.html

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