Country Study, Slovenia Winning the Transitional Economies Race — страница 8

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Membership in the European Union. Janez Drnovsek when presenting the 1996 budget to parliament informed the legislative body that "Slovenia met three of the five Maastricht criteria for introducing a single European currency: ‘Our public debt is well below the European average and the budget is balanced, which is significantly better than the European Union average. We also meet the third criterion on the convertibility of the national currency. Two criteria remain: both our average interest rate and our inflation is too high, but we are planning to cut inflation down to about 6.5%.’"[76] Currently, Slovenia seems to be ahead of some of the current members of the EU in satisfying the Maastricht Treaty’s requirements. In addition, the question remains, whether

Slovenia will join NATO. The new parliament may have a well defined opposition to this prospect. Additionally, Slovenia is flourishing as an economic center of commerce in the East. Slovenia needs to strengthen its ties with other eastern countries, such as Russia, in order to develop its trade partners. The transitioning countries can serve as a new market for the West as well as Slovenia. Furthermore, additional trade partners exist in the far east, which are currently not being considered. Many challenges face the transition countries as the century comes to a close. It will be important to watch these economies as they begin to rise above the already established economies of the West. It will be important that Slovenia manage it’s inflation rate, keep interest rates at a

stable level and insure that the Tolar remain at a controlled level. All these factors will play a large role in determining successful public financial and monetary policy in the Republic of Slovenia. [1]Http://`finsol/emregions/e-europe/slovenia.htm [2] Golnik, Richard. “Calm & Safe Slovenia.” Emerging Nations -Slovenia, June 1995. [3] Slovenia was at one point a part of the Austro-Hungarian Empire and thus always had felt a strong historical and economic ties to the Western European countries. [4]Ibid, p.4. [5]Danforth, Kenneth. “Slovenia: Open markets in an open society.” Europe. May 1996, no.356, p.22(3). [6]Golnik, 1995, p.1. [7]Mencinger, Joze. (1989) The Yugoslav economy: Systemic changes, 1945-1986. Pittsburgh, PA.: University of Pittsburgh

Center for Russian and East European Studies. The Serbian/Bosnian/Croatian conflict was getting worse and the country was starting to fall apart. [8] Http://`finsol/emregions/e-europe/slovenia.htm, p.4. [9]Schneider, Jens. “Slovenia searches for Europe.” World Press Review, Jan. 1993 Vol.40, No.1, p.42(1). [10]Danforth, 1996, p.2. and “Unimaginable only a few years ago, one of the six republics that once composed Yugoslavia is being praised in most Western capitals as the model for any ex-communist state aspiring to membership in NATO and the European Union.” [11]EIU Country Report- 2nd Quarter. Slovenia. The Economist Intelligence Unit Limited, 1996. [12]Http:// and 5.HTM, Chamber of Economy of Slovenia

1996. [13]Golnik, 1995, p.1. [14]Chamber of Economy of Slovenia. “Slovenia’s Economic Trends.” 1996. [15]EIU Country Report, 1996. [16]Gow, James. (1994). "Slovenia: Stabilization or stagnation?" RFE-RL Research Report, Jan. 7th, vol. 3, No. 1. [17]Golnik, 1995, p.2. [18]Http://, p.3. [19]Ibid., p.3. [20]Bank of Slovenia. (1996). "General information on Slovenia." Monthly Bulletin: April. [21]Golnik, 1995. [22]Price Waterhouse. (1996). "Privatization in Slovenia." Price Waterhouse. January 22. [23]Ibid., 1996. [24]EIU Country Report, 1996. [25]EIU Country Report, 1996. [26]EIU Country Report, 1996. [27]Golnik, 1995, p.3. [28]Markotich, Stan.(1996) "Slovenian Election Final." Open Media Research

Institute. [29]Markotich, Stan.(1996) "Slovenia’s former Communists say ‘No’ to NATO." Open Media Research Institute. [30] The Economist. “Much to do: Slovenia.” Nov. 2, 1996 vol.341 no.7990 p.51(2). [31]Shortall, Fergal. Slovenia: Birth of an Adriatic Tiger. http://www.economics. [32]Chamber of the Economy of Slovenia, 1996. [33]Shortall, 1996. [34]Ibid., 1996. [35]Ibid., 1996. [36] Chamber of Economy of Slovenia. (1996) Exchange Rate and Monetary Policy. Http:// [37]Exchange Rates for Companies. Banka Slovenia. 1996. [38]The Economist. (1996) "Creditable: Eastern European Finance." July 13, Vol.340, No. 7974, p.72. [39]General Information on Slovenia. Banka Slovenia.