Slovenia to Consolidate State-Owned Assets into Proposed SWF
31. May, 2012
Slovenia is planning to consolidate state-owned assets into a sovereign wealth fund. By merging the different agencies, Slovenia hopes to enhance revenue and improve organizational efficiency. The five agencies manage assets of more than €10 billion. Over time, the Government of Slovenia will decide which assets to dispose of. The proposed sovereign fund’s profits will be used to finance pensions and the national budget.
Once a part of Yugoslavia, Slovenia has emerged as an independent nation. In 2007, the country became a Eurozone member and in 2010 joined the OECD. Austerity measures across Europe have negatively affected the Slovenian economy.
The country is highly dependent on exporting to other EU countries.
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