With a rich industrial history, with a traditional openness to the
world, with rational economic policies, and with proven economic
development, Slovenia is among the most successful countries in
transition from socialism to a market economy. It boasts a stable
growth of GDP, which now exceeds 10,000 USD per capita. Slovenia also
ranks among the countries with the lowest degree of risk. The level of
privatization achieved and many other measures have increased the
competitiveness of the Slovene economy and the profitability of
companies oriented toward business in the European Union.
Among the more than 144,000 registered companies in Slovenia, the
greatest number are engaged in trade and commerce, followed by
industry, services, real estate, construction, and transport and
communications. Following independence, small business began to
develop intensively, and today more than 90% of Slovenia's companies
are classified as small business enterprises.
Because of the relative smallness of its own market, the Slovene
economy has always been oriented toward export. In 1999, the value of
Slovene exports exceeded 8.5 billion USD. The Slovene flow of trade
has been largely aimed at the European Union, particularly Germany,
Italy, Austria, and France, but in addition, Slovene economic
relations are increasingly diverse and along with increasing
cooperation with existing partners is oriented toward new markets in
the European Union, renewed cooperation with the countries of the
former Yugoslavia, and a substantially larger presence in the markets
of the United States, the countries of the former Soviet Union, and
CEFTA. With individual products, Slovenia has also opened the door to
markets outside of Europe in OECD countries.
Through their sponsorship, successful Slovene companies are
actively supporting the development of Slovene sport and are
inseparably linked with the international sports successes of many
sport clubs whose members include Slovenia's top athletes, national
team members, and Olympians. Slovene athletes have won fifty medals at
the Olympic Games and more than 360 medals at World Championship
competitions. The best results have been achieved by alpine skiers,
track and field athletes, ski jumpers, gymnasts, and rowing and
whitewater competitors. Slovene teams have also been successful at
European Cups in basketball, volleyball, handball, and most recently
in soccer. Slovene dancers have also been regular winners at the
highest levels of world competition. A special place among victors is
held by Slovene mountain climbers who have written themselves into the
history of sport with championship climbs in the Himalayas and of
other world-renowned peaks.