WEBVTT 00:00:03.613 --> 00:00:07.319 Hello. Here to present the decisions approved at today's 00:00:07.440 --> 00:00:10.873 150th government meeting are Finance Minister Klemen 00:00:10.994 --> 00:00:14.110 Boštjančič and State Secretary Nikolina Prah. 00:00:14.231 --> 00:00:17.735 Hello. The government approved the Bill on Individual 00:00:17.856 --> 00:00:19.883 Investment Accounts today. 00:00:20.003 --> 00:00:23.331 The bill introduces a new kind of trading account 00:00:23.490 --> 00:00:27.836 intended to encourage long-term savings by individuals 00:00:27.957 --> 00:00:30.429 in financial instruments. 00:00:30.570 --> 00:00:36.436 We know that compared to savers in other EU countries, 00:00:36.550 --> 00:00:40.496 Slovenian savers have an above-average share of money 00:00:40.697 --> 00:00:44.550 in bank accounts and a below-average share 00:00:44.671 --> 00:00:48.729 in financial instruments. There is a strong preponderance 00:00:48.883 --> 00:00:54.309 of bank deposits compared to more developed EU countries, 00:00:54.417 --> 00:00:58.369 which shows unfulfilled potential of other forms of savings, 00:00:58.530 --> 00:01:02.616 primarily in capital markets. The existing savings structure 00:01:02.737 --> 00:01:06.242 also limits the growth potential of the economy 00:01:06.363 --> 00:01:09.376 and prevents the optimization of savings. 00:01:09.557 --> 00:01:14.476 The bill will therefore introduce individual investment accounts, 00:01:14.597 --> 00:01:17.830 which are intended to encourage long-term savings 00:01:17.950 --> 00:01:20.976 of individuals through financial instruments. 00:01:21.083 --> 00:01:26.230 We'd like to expand opportunities for people to invest their savings, 00:01:26.363 --> 00:01:29.203 strengthen the Slovenia's capital market, 00:01:29.330 --> 00:01:33.716 and expand the sources of funding for businesses. 00:01:33.843 --> 00:01:38.023 An individual investment account can be opened by an individual 00:01:38.177 --> 00:01:42.330 who is a Slovenian resident for tax purposes, but only once. 00:01:42.490 --> 00:01:46.010 In the first year, the holder will be able to invest 00:01:46.143 --> 00:01:49.482 €20,000 at most, followed by not more than €5,000 00:01:49.603 --> 00:01:54.923 every subsequent year, with an addition of another €5,000, 00:01:55.083 --> 00:01:59.250 if the second €5,000 is investment into financial instruments 00:01:59.371 --> 00:02:01.590 issued by Slovenian entities. 00:02:01.711 --> 00:02:05.931 The total sum of investments can reach €150,000. 00:02:06.103 --> 00:02:10.163 The main advantages of individual investment accounts include 00:02:10.330 --> 00:02:18.095 simpler tax procedures, a reduced tax burden, a greater flexibility 00:02:18.216 --> 00:02:21.195 of managing the investments, and an emphasis 00:02:21.316 --> 00:02:26.210 on protecting the investor. Income from these accounts 00:02:26.370 --> 00:02:29.243 is defined in the bill as a new subcategory 00:02:29.364 --> 00:02:33.055 of capital gains that is subject to a simpler process 00:02:33.176 --> 00:02:36.116 of determining and paying taxes. 00:02:36.263 --> 00:02:40.296 To encourage long-term savings, the bill introduces a lower, 00:02:40.477 --> 00:02:45.176 15-percent tax rate, as well as a total tax exemption 00:02:45.330 --> 00:02:50.676 for the first payouts from these accounts after 15 years, 00:02:50.810 --> 00:02:54.283 if there were no payouts in the interim period. 00:02:54.430 --> 00:02:58.210 The tax exemption also applies to payouts if there were 00:02:58.390 --> 00:03:02.296 no other payouts from the account within 15 years. 00:03:02.437 --> 00:03:05.790 With this new product, we wish to expand the range 00:03:05.950 --> 00:03:09.443 of investment opportunities, strengthen Slovenia's 00:03:09.583 --> 00:03:12.083 capital market, and expand the sources 00:03:12.204 --> 00:03:16.250 of funding for businesses. The individual investment accounts 00:03:16.397 --> 00:03:20.510 are an important step toward developing the capital market, 00:03:20.643 --> 00:03:24.983 which is a part of the Strategy for the Development of a Capital 00:03:25.177 --> 00:03:29.576 Market in Slovenia for the period of 2023-2030. 00:03:29.790 --> 00:03:34.243 For more detailed explanations, 00:03:34.430 --> 00:03:37.196 here's the State Secretary responsible for 00:03:37.317 --> 00:03:39.950 the financial system, Nikolina Prah. 00:03:40.043 --> 00:03:43.156 Thank you and hello to everyone. 00:03:43.283 --> 00:03:49.650 We at the Finance Ministry spent about a year working 00:03:49.770 --> 00:03:53.783 on the Individual Investment Accounts Bill. 00:03:53.937 --> 00:03:59.083 We worked with various experts from different fields. 00:03:59.210 --> 00:04:04.643 The bill underwent a public consultation late last year. 00:04:04.803 --> 00:04:07.336 It concluded in early January. 00:04:07.490 --> 00:04:10.503 We considered all the comments and suggestions 00:04:10.677 --> 00:04:13.323 after the consultation. 00:04:13.423 --> 00:04:15.983 The government approved the bill today 00:04:16.123 --> 00:04:18.730 and set it on its legislative journey. 00:04:18.910 --> 00:04:22.216 As for the timeline: The bill will now be taken up 00:04:22.337 --> 00:04:25.256 by the National Assembly, and we expect it 00:04:25.377 --> 00:04:27.676 to be passed by this summer. 00:04:27.850 --> 00:04:32.496 It will go into effect after being published in the Official Gazette. 00:04:32.683 --> 00:04:38.416 The execution will begin after a nine-month adjustment period. 00:04:38.537 --> 00:04:43.589 The transition period is intended for both providers of these accounts 00:04:43.737 --> 00:04:48.089 and the Financial Administration to prepare the IT systems 00:04:48.283 --> 00:04:55.736 and other mechanisms to carry out the law when it's ready. 00:04:55.863 --> 00:04:59.763 The Minister covered some of the key points. 00:04:59.890 --> 00:05:06.143 The individual investment accounts will be available to tax residents. 00:05:06.276 --> 00:05:12.649 To answer something we were asked about during consultations, 00:05:12.770 --> 00:05:17.196 parents will be able able to open individual investment accounts 00:05:17.317 --> 00:05:21.650 for their children, which means they could start saving early. 00:05:21.843 --> 00:05:26.723 When that child becomes an adult, they can make use of those funds 00:05:26.977 --> 00:05:32.509 or continue to invest in capital markets. 00:05:32.677 --> 00:05:36.689 The providers of individual investment accounts 00:05:36.823 --> 00:05:41.476 will be entities with permits for investment activities. 00:05:41.610 --> 00:05:44.443 This permit is given out by the regulators, 00:05:44.583 --> 00:05:50.583 the Securities Market Agency, which will also set up a register 00:05:50.690 --> 00:05:53.509 where these providers will be registered. 00:05:53.630 --> 00:05:57.563 This will help small investors know whom they can turn to 00:05:57.684 --> 00:06:00.056 and when they can open an account. 00:06:00.177 --> 00:06:04.243 Put simply, if you want a Slovenian provider, 00:06:04.390 --> 00:06:08.963 you'll contact the bank or broker with a permit 00:06:09.143 --> 00:06:12.210 and open an account with them. 00:06:12.331 --> 00:06:16.276 The Minister mentioned the investments allowed annually 00:06:16.397 --> 00:06:20.724 or during the lifetime of an individual investment account. 00:06:20.877 --> 00:06:24.603 I'll explain how we determined these amounts. 00:06:24.803 --> 00:06:30.769 An important goal is to get a part of the money from bank accounts, 00:06:30.910 --> 00:06:33.869 where they are subject to zero or low taxes, 00:06:34.010 --> 00:06:37.823 into capital markets, so we set 00:06:37.990 --> 00:06:40.556 the first-year limit at €20,000. 00:06:40.670 --> 00:06:44.589 In the next few years, the limit is set at €5,000 00:06:44.757 --> 00:06:49.156 based on average wages in Slovenia. 00:06:49.283 --> 00:06:55.656 For each €5,000 of savings, €400 must be set aside each month. 00:06:55.790 --> 00:06:58.769 This is the basis we used to determine 00:06:58.890 --> 00:07:01.530 the annual investment limit. 00:07:01.663 --> 00:07:08.443 The additional €5,000 for investments into Slovenian entities 00:07:08.583 --> 00:07:12.183 is intended to grow Slovenia's capital markets. 00:07:12.304 --> 00:07:15.783 This is the primary purpose of the strategy 00:07:15.897 --> 00:07:20.269 we're carrying out with this bill. There will be some exceptions. 00:07:20.390 --> 00:07:23.669 Only money can be invested into these accounts. 00:07:23.803 --> 00:07:28.396 An exception will be first sales of shares, 00:07:28.517 --> 00:07:31.580 which will be eligible for direct transfers 00:07:31.720 --> 00:07:34.609 into individual investment accounts 00:07:34.730 --> 00:07:39.003 if those shares are listed on the market within one year. 00:07:39.130 --> 00:07:43.290 The next exception are government bonds 00:07:43.411 --> 00:07:45.776 that aren't listed on the market. 00:07:45.923 --> 00:07:48.816 We were thinking primarily about short-term 00:07:48.983 --> 00:07:52.183 treasury bills that aren't listed on the market, 00:07:52.336 --> 00:07:56.903 but we want to include them as one of the financial instruments 00:07:57.057 --> 00:07:59.763 that can be traded within these accounts. 00:07:59.884 --> 00:08:03.302 The third exception is limited to a single company. 00:08:03.423 --> 00:08:07.570 We've heard a lot about Vzajemna and its shares. 00:08:07.717 --> 00:08:12.317 People will also be able to transfer those shares 00:08:12.438 --> 00:08:16.937 from fiduciary accounts into individual investment accounts. 00:08:17.070 --> 00:08:21.196 The range of financial instruments with which account holders 00:08:21.310 --> 00:08:25.275 will be able to trade include basic financial instruments, 00:08:25.396 --> 00:08:30.323 namely bonds, treasury bills, stocks, investment fund shares, 00:08:30.497 --> 00:08:34.276 and everything that is listed on the stock exchange 00:08:34.430 --> 00:08:37.369 or multilateral trading facilities. 00:08:37.483 --> 00:08:41.949 In Slovenia, that's SI ENTER, run by the Ljubljana Stock Exchange. 00:08:42.083 --> 00:08:47.036 These financial instruments must be open to trading 00:08:47.190 --> 00:08:50.610 within the EU and the European Economic Area, 00:08:50.730 --> 00:08:53.436 as well as among OECD members. 00:08:53.577 --> 00:08:57.236 After completing our public consultations, we received 00:08:57.363 --> 00:09:00.356 a suggestion that we include mutual funds 00:09:00.483 --> 00:09:02.836 not listed on the market. 00:09:02.983 --> 00:09:06.723 Because this was a part of our capital market, 00:09:06.844 --> 00:09:11.456 we decided to include those financial instruments. 00:09:11.610 --> 00:09:14.669 The Minister talked about the tax structure. 00:09:14.757 --> 00:09:17.835 I'll just explain how we've set the tax rate. 00:09:17.956 --> 00:09:21.623 We needed to find a balance between our goals concerning 00:09:21.744 --> 00:09:26.696 the capital market and maintaining 00:09:26.817 --> 00:09:30.642 our current tax structure for the capital market. 00:09:30.763 --> 00:09:37.289 It was decided that a 15% tax rate was appropriate. 00:09:37.403 --> 00:09:43.570 We also have an exception designed to encourage long-term savings. 00:09:43.710 --> 00:09:47.249 After 15 years of investments into this account, 00:09:47.370 --> 00:09:53.663 the first payout is not taxable, or rather it's taxed at a 0% rate. 00:09:53.784 --> 00:09:58.009 That's it for now. If you have any questions, the Minister and I 00:09:58.130 --> 00:09:59.849 will gladly answer them. 00:09:59.859 --> 00:10:03.951 Before the questions, the Minister will tell us which two draft acts 00:10:04.071 --> 00:10:08.905 the Ministry of Finance has put up for public debate today. 00:10:09.055 --> 00:10:12.703 Yes, we have put up two more acts for public debate today. 00:10:12.823 --> 00:10:17.780 One is the act on gains from the divestment of crypto assets, 00:10:17.900 --> 00:10:21.402 and the other is an amendment to the act 00:10:21.523 --> 00:10:24.945 on gains from the divestment of derivatives. 00:10:25.065 --> 00:10:29.049 Both of these draft acts have been put up for public debate today. 00:10:29.169 --> 00:10:33.110 They are part of a package 00:10:33.382 --> 00:10:36.733 to promote the development of the capital market in Slovenia. 00:10:36.853 --> 00:10:40.558 As regards the divestment of crypto assets, 00:10:40.679 --> 00:10:48.073 as you well know, crypto assets are not taxed at all. 00:10:48.247 --> 00:10:54.518 There has recently been regulation at European level, 00:10:54.914 --> 00:10:57.041 and in this context, 00:10:57.162 --> 00:11:01.717 we're also following the regulation of the area in international terms. 00:11:01.837 --> 00:11:05.600 On the one hand, we want to ensure clear regulation for taxpayers, 00:11:05.720 --> 00:11:08.721 with as little administrative burden as possible, 00:11:08.841 --> 00:11:13.480 and, on the other hand, we want to equalise or harmonise 00:11:13.601 --> 00:11:17.791 the taxation of income from similar derivatives of the same type. 00:11:17.911 --> 00:11:20.339 Therefore, the taxation and the tax rate 00:11:20.459 --> 00:11:24.610 follow the taxation of capital gains in the first period 00:11:24.730 --> 00:11:26.730 and of derivatives. 00:11:27.426 --> 00:11:29.027 So, on the one hand, 00:11:29.147 --> 00:11:32.576 a financial instrument has been completely untaxed, 00:11:32.696 --> 00:11:36.209 on the other hand, for almost 20 years, 00:11:36.625 --> 00:11:41.125 derivatives have been taxed above average. 00:11:41.246 --> 00:11:43.809 At the time this act was drafted, 00:11:43.929 --> 00:11:48.716 it was considered to be a speculative financial instrument, 00:11:48.836 --> 00:11:52.769 and the state did not want to encourage investors. 00:11:52.889 --> 00:11:59.357 For this reason, a higher tax rate of 40% was applied in the first year. 00:11:59.478 --> 00:12:01.382 By amending this act 00:12:02.076 --> 00:12:08.874 we want to make taxation simpler and clearer. 00:12:09.038 --> 00:12:12.651 We want to align this taxation of income 00:12:12.772 --> 00:12:16.744 in the same way as for crypto-assets of the same type of instruments, 00:12:16.864 --> 00:12:22.527 so the tax rate follows the taxation of capital gains in the first period. 00:12:22.647 --> 00:12:26.514 So a tax rate of 25%, bearing in mind 00:12:26.797 --> 00:12:30.694 that this is an instrument that is usually very short-term, 00:12:30.814 --> 00:12:35.105 an instrument that investors do not invest in for the long term. 00:12:35.225 --> 00:12:39.790 So it's also a way of addressing the calls from investors 00:12:39.910 --> 00:12:44.111 that we've been hearing for at least the last 10 years, if not more. 00:12:44.231 --> 00:12:48.251 Both of these draft acts have been put up for public debate today. 00:12:48.371 --> 00:12:53.313 Once we have the public opinion, 00:12:53.530 --> 00:12:59.670 we will draw up the final legislative solutions. 00:13:00.309 --> 00:13:07.228 Go ahead. -I apologise. I made an incorrect statement earlier. 00:13:07.349 --> 00:13:10.964 Of course, bank deposits are not low-tax, but low-interest. 00:13:11.084 --> 00:13:13.207 Bank deposits have low interest rates, 00:13:13.327 --> 00:13:15.245 so bank deposit holders 00:13:15.548 --> 00:13:19.004 are losing out on the value that they have there. 00:13:19.124 --> 00:13:22.467 We want them to put some of these savings on the capital market, 00:13:22.587 --> 00:13:24.799 where they can gain more in the long term. 00:13:24.919 --> 00:13:27.788 I apologise for my mistake. -Thank you. 00:13:27.908 --> 00:13:32.696 Now for the questions on the topics that have been presented. 00:13:32.816 --> 00:13:36.092 Then the Minister will present other decisions 00:13:36.212 --> 00:13:39.647 from the Government meeting and answer topical questions. 00:13:39.767 --> 00:13:43.351 You will get a microphone. In the front row. 00:13:44.950 --> 00:13:46.839 Tanja Smrekar, Finance. 00:13:46.959 --> 00:13:50.773 Which country did you take as a model for the crypto assets? 00:13:50.893 --> 00:13:55.216 Minister, you have crypto assets, right? 00:13:55.680 --> 00:13:59.986 Are you not going to be deterred from investing in them? 00:14:00.106 --> 00:14:04.089 And a question not about these acts, but I'm sure it's expected. 00:14:04.209 --> 00:14:07.078 What about the property tax? Thank you. 00:14:07.198 --> 00:14:11.278 As far as crypto assets are concerned, 00:14:11.779 --> 00:14:17.589 this matter is being rather newly regulated in all Western countries. 00:14:17.710 --> 00:14:21.013 We have been waiting for some time for a regulation, 00:14:21.133 --> 00:14:26.040 which took quite a number of years for the Commission to draft. 00:14:26.160 --> 00:14:29.545 It wasn't a matter of looking at other countries, 00:14:29.665 --> 00:14:32.006 we wanted to standardise the taxation 00:14:32.126 --> 00:14:34.670 of the same or similar instruments. 00:14:34.790 --> 00:14:38.986 As I mentioned earlier, if derivatives 00:14:39.274 --> 00:14:42.057 are considered a speculative instrument, 00:14:42.177 --> 00:14:49.564 then I feel that crypto assets are a super speculative instrument, 00:14:49.685 --> 00:14:55.377 and there is no logic in derivatives being taxed 40% in the first year, 00:14:55.497 --> 00:14:58.211 while crypto assets are completely tax-free. 00:14:58.331 --> 00:15:03.981 Not to mention that the added value of crypto assets is questionable, 00:15:04.101 --> 00:15:06.383 so that is the context of this draft act. 00:15:06.503 --> 00:15:09.509 I don't want to prejudge the public's position, 00:15:09.629 --> 00:15:12.829 but we've had many discussions with the professional public, 00:15:12.949 --> 00:15:15.306 and we haven't encountered any opposition. 00:15:15.426 --> 00:15:18.128 Everyone agrees crypto assets should also be taxed. 00:15:18.248 --> 00:15:22.786 We wanted, above all, to simplify and to standardise. 00:15:22.907 --> 00:15:26.392 We didn't want to speculate and tax it more, 00:15:26.512 --> 00:15:30.934 but we think it's an instrument like many others. 00:15:31.055 --> 00:15:36.163 We've been pointing out all along that it's a very speculative instrument. 00:15:36.283 --> 00:15:39.997 Yes, I've already said that I've had a part of my funds 00:15:40.117 --> 00:15:43.939 invested in crypto assets for many years. 00:15:44.060 --> 00:15:48.566 I'm not trading in it, I'm not an active investor. 00:15:48.687 --> 00:15:52.178 I made a decision once and I said I would leave it for a long time. 00:15:52.298 --> 00:15:58.665 I put an amount of my own funds into it that I knew, 00:15:58.786 --> 00:16:02.310 even if I lost it all, would not affect 00:16:02.431 --> 00:16:07.761 my overall personal financial situation. 00:16:08.049 --> 00:16:14.138 So, in that context, of course, an appeal to everyone else. 00:16:14.451 --> 00:16:18.942 It's important to be aware of what kind of instrument this is, 00:16:19.062 --> 00:16:23.479 and people should, of course, use their own judgement. 00:16:24.620 --> 00:16:31.044 Yes, for all those who have funds in crypto. 00:16:31.286 --> 00:16:35.581 If the act is passed by the National Assembly, 00:16:35.702 --> 00:16:39.467 crypto assets will be taxed from 1 January 2026. 00:16:39.587 --> 00:16:42.255 They will be taxed from then on. 00:16:42.376 --> 00:16:48.218 So the return that someone has made will not be taxed retrospectively, 00:16:48.339 --> 00:16:54.073 we can't tax it retrospectively. We will take the value on that day 00:16:54.194 --> 00:16:56.789 and tax the difference that will be made 00:16:56.909 --> 00:16:59.064 up to the payout in fiat currency. 00:16:59.184 --> 00:17:02.530 There is one other important thing that I didn't mention before. 00:17:02.650 --> 00:17:05.835 We also wanted to simplify something. 00:17:05.956 --> 00:17:08.567 Those of you who follow this more closely know 00:17:08.687 --> 00:17:12.174 that there is a difference when it comes to trading crypto assets 00:17:12.294 --> 00:17:13.941 whether it is a business or not. 00:17:14.061 --> 00:17:15.662 Certain investors 00:17:15.782 --> 00:17:20.851 are professionally involved in investing in crypto assets. 00:17:20.972 --> 00:17:28.502 Those who do it as a business are already subject to business tax. 00:17:29.031 --> 00:17:31.432 There have been quite a lot 00:17:32.565 --> 00:17:37.424 of attempts to avoid this tax 00:17:37.545 --> 00:17:40.077 and then to prove to the tax authorities 00:17:40.197 --> 00:17:42.339 whether it is a business or not. 00:17:42.459 --> 00:17:46.546 In this context, we're also proposing 00:17:47.574 --> 00:17:51.286 a simplified way of calculating income tax for business 00:17:51.406 --> 00:17:53.394 going back five years 00:17:54.016 --> 00:17:57.817 if the taxpayer has not fulfilled this obligation. 00:17:57.937 --> 00:18:04.982 We're giving people the option to declare 00:18:05.103 --> 00:18:10.597 that they have been running a business for the last five years. 00:18:10.718 --> 00:18:15.795 In that case, the tax base, which will reflect the income, 00:18:15.916 --> 00:18:21.030 will be calculated by taking into account a factor of 0.4 00:18:21.153 --> 00:18:25.914 as a flat rate of return on crypto assets over the last five years. 00:18:26.034 --> 00:18:29.997 And then the sum of the value of those crypto assets. 00:18:30.117 --> 00:18:35.665 A proposed tax rate on that difference is 25%. 00:18:35.786 --> 00:18:40.661 Those who choose will be able to take advantage of this option. 00:18:40.781 --> 00:18:44.296 They will pay a 25% tax 00:18:44.723 --> 00:18:51.295 on 40% of the flat-rate difference. 00:18:51.416 --> 00:18:54.595 This way, they can avoid 00:18:54.944 --> 00:18:59.432 an audit by the tax authorities in the future. 00:18:59.553 --> 00:19:05.214 This is in fact a proposal for simplification 00:19:07.270 --> 00:19:10.236 of this part that we consider very important. 00:19:10.356 --> 00:19:13.115 In a way, we're offering a solution 00:19:13.235 --> 00:19:18.805 to those who have invested in cryptocurrencies as a business. 00:19:21.794 --> 00:19:24.889 As far as property tax is concerned, 00:19:25.010 --> 00:19:29.017 all along we've been talking about taxing assets, 00:19:29.138 --> 00:19:31.655 deliberately, not for the sake of PR. 00:19:31.775 --> 00:19:37.433 The proposal was in the public debate at the end of last year, 00:19:37.554 --> 00:19:44.755 I've said we've defined assets as surplus assets. 00:19:44.876 --> 00:19:50.296 Why have we defined it as second, third and subsequent properties? 00:19:50.711 --> 00:19:53.545 We have received a lot of comments. 00:19:54.853 --> 00:19:57.097 That was, in fact, the intention. 00:19:57.217 --> 00:20:01.473 However unconventional this may be for politics. 00:20:01.594 --> 00:20:05.298 The act was purposefully drafted as it was. 00:20:05.637 --> 00:20:08.554 We've addressed these professional comments 00:20:08.674 --> 00:20:12.086 that we've received in recent weeks and months. 00:20:12.206 --> 00:20:16.739 We've had quite a few meetings at expert level, 00:20:16.914 --> 00:20:20.235 both within the Ministry of Finance and with external experts, 00:20:20.355 --> 00:20:25.652 so that we now have a solution in place that largely addresses 00:20:25.773 --> 00:20:27.373 these comments. 00:20:28.606 --> 00:20:35.315 Mainly with the aim of supporting housing policy. 00:20:35.436 --> 00:20:37.522 With this draft, 00:20:37.643 --> 00:20:42.930 which the Ministry of Finance and the experts 00:20:43.051 --> 00:20:45.724 are still working on, 00:20:45.847 --> 00:20:52.633 we're trying to support the Government's housing policy. 00:20:53.099 --> 00:20:55.405 As you know, two important housing acts 00:20:55.525 --> 00:20:58.009 have recently been put up for public debate. 00:20:58.129 --> 00:21:03.280 We've been saying all along that tax policy should support other policies, 00:21:03.400 --> 00:21:05.289 it shouldn't be a mainstream policy. 00:21:05.409 --> 00:21:07.010 So in that context, 00:21:07.130 --> 00:21:10.600 it's not completely clear at the moment. 00:21:10.721 --> 00:21:17.039 Within this, we've noticed a very important problem. 00:21:17.802 --> 00:21:21.490 The protection of owners or landlords. 00:21:22.046 --> 00:21:26.196 The fact is, and the Ministry of Finance agrees, 00:21:26.316 --> 00:21:29.065 as does the Ministry of Solidarity-Based Future, 00:21:29.185 --> 00:21:31.496 that this problem needs to be solved. 00:21:31.616 --> 00:21:33.404 It's quite complex. 00:21:33.525 --> 00:21:41.198 It falls within the remit of the Ministry of Justice. 00:21:41.810 --> 00:21:46.212 We agree that the continuation 00:21:46.333 --> 00:21:52.406 or the introduction of this, which both ministries support, 00:21:52.766 --> 00:21:56.507 is linked to adequate legal protection 00:21:56.628 --> 00:22:00.229 for both landlords and tenants. 00:22:00.350 --> 00:22:02.719 Changes are needed here. 00:22:02.840 --> 00:22:06.218 This is precisely what's being intensively debated at the moment, 00:22:06.338 --> 00:22:08.533 particularly with the Ministry of Justice. 00:22:08.653 --> 00:22:10.253 Next question. 00:22:11.354 --> 00:22:15.387 Tadej Grešovnik, Pop TV. Minister, about the crypto tax, 00:22:15.507 --> 00:22:21.051 do you have any projections, on an annual basis, 00:22:21.172 --> 00:22:25.315 of how much money could be raised by this taxation? 00:22:25.435 --> 00:22:27.696 And my second question, 00:22:27.817 --> 00:22:32.292 in the light of trade tensions, 00:22:32.413 --> 00:22:35.989 because ECB and analysts are forecasting 00:22:36.163 --> 00:22:40.056 I think the sixth consecutive interest rate cut. 00:22:40.176 --> 00:22:43.444 A short comment on that. 00:22:43.565 --> 00:22:49.083 How might this affect either the Slovenian economy 00:22:49.204 --> 00:22:52.134 or the Slovenian consumer? Thank you. 00:22:52.254 --> 00:22:54.790 I propose that I answer the first part now, 00:22:54.910 --> 00:23:01.521 and then the rest when I answer everything else. 00:23:01.823 --> 00:23:05.491 The Ministry of Finance has estimates on this, 00:23:05.611 --> 00:23:09.656 but they are so rough and, I dare say, so inaccurate 00:23:09.776 --> 00:23:13.800 that we don't want to share them. We have no information yet 00:23:13.920 --> 00:23:17.196 on how much of these funds have actually been invested. 00:23:17.316 --> 00:23:20.213 So I would absolutely not comment on that at all. 00:23:20.333 --> 00:23:24.309 However, it's absolutely clear that we don't include this at all 00:23:24.429 --> 00:23:27.967 in any projections, even in the revenue budget. 00:23:28.087 --> 00:23:30.689 The objective of taxing crypto assets 00:23:30.809 --> 00:23:34.078 is not related to tax revenue at all, 00:23:34.252 --> 00:23:39.279 but primarily because we consider it illogical and nonsensical 00:23:39.399 --> 00:23:42.803 that one of the most speculative financial instruments 00:23:42.923 --> 00:23:45.403 is not taxed at all. Indirectly, 00:23:45.523 --> 00:23:48.890 this actually encourages investors to invest there 00:23:49.010 --> 00:23:51.594 rather than in certain things that are regulated 00:23:51.714 --> 00:23:53.717 and also considerably safer. 00:23:53.837 --> 00:23:56.012 That's our only objective. 00:23:56.773 --> 00:24:00.671 So there are no more questions for the State Secretary? 00:24:00.791 --> 00:24:02.543 Thank you for being with us. 00:24:02.663 --> 00:24:05.943 The Minister will present two more decisions from the meeting, 00:24:06.063 --> 00:24:08.727 namely the opening of a new budget line 00:24:08.847 --> 00:24:11.782 to provide spending rights for the National Electoral Commission 00:24:11.902 --> 00:24:15.863 and the amendment of the Recovery and Resilience Plan. 00:24:15.983 --> 00:24:20.210 Today, the Government approved the proposal for the third amendment 00:24:20.330 --> 00:24:23.212 to the Recovery and Resilience Plan. 00:24:23.332 --> 00:24:28.963 The financial volume of the grants remains unchanged. 00:24:29.512 --> 00:24:34.404 We're keeping approximately EUR 1.6 billion in grants, 00:24:34.525 --> 00:24:40.206 but the refundable part is changing. The loans. 00:24:40.712 --> 00:24:45.892 We've decided to reduce them to EUR 613 million 00:24:46.013 --> 00:24:50.027 instead of the EUR 1 billion that was previously foreseen. 00:24:50.147 --> 00:24:53.160 The Government is proposing the investments 00:24:53.280 --> 00:24:55.733 that were intended to be financed by loans, 00:24:55.853 --> 00:25:00.016 let me stress, loans must always be repaid, 00:25:00.294 --> 00:25:08.089 including the Recovery and Resilience Plan loans. 00:25:08.210 --> 00:25:10.708 They must, of course, be repaid. 00:25:10.828 --> 00:25:16.762 That is why we have decided that this financing be carried out 00:25:16.883 --> 00:25:19.465 with the help of other financial sources, 00:25:19.585 --> 00:25:22.031 or that their content be transferred 00:25:22.151 --> 00:25:27.209 to the investments earmarked for grant financing. 00:25:27.330 --> 00:25:31.516 In large part, absolutely not just the cohesion part. 00:25:31.636 --> 00:25:33.668 This change will make it possible 00:25:33.788 --> 00:25:36.699 to make maximum use of the funds available 00:25:36.819 --> 00:25:40.239 and to reduce loans. 00:25:40.478 --> 00:25:45.216 This is something that we've known and warned about all along. 00:25:45.336 --> 00:25:48.229 The Recovery and Resilience Plan loans 00:25:48.349 --> 00:25:51.146 are not significantly more favourable 00:25:51.266 --> 00:25:54.757 or not at all more favourable, than our country's own borrowing. 00:25:54.877 --> 00:25:57.537 And the budget line. -Yes. 00:25:57.814 --> 00:26:01.867 This is a relatively technical decision. 00:26:02.178 --> 00:26:04.711 In connection with the referendum, 00:26:04.831 --> 00:26:10.673 it is, of course, necessary to open a new budget line. 00:26:13.021 --> 00:26:17.414 I made a point today at the meeting on this subject. 00:26:17.729 --> 00:26:23.425 An estimated EUR 6.7 million 00:26:23.637 --> 00:26:26.724 are earmarked for the referendum, 00:26:27.471 --> 00:26:32.559 where the question will be asked 00:26:33.489 --> 00:26:38.971 about the advisability of allowances for cultural workers. 00:26:39.092 --> 00:26:43.708 First of all, let me be direct, 00:26:44.002 --> 00:26:46.089 and that is why I raised this today, 00:26:46.209 --> 00:26:53.146 I questioned the advisability of this kind of political ideas. 00:26:53.597 --> 00:27:00.517 Namely, we should know that one of the main culprits for this act 00:27:00.638 --> 00:27:02.312 is the Ministry of Finance. 00:27:02.432 --> 00:27:05.586 The Ministry of Finance, since the beginning of my term, 00:27:05.706 --> 00:27:07.770 has been warning the Ministry of Culture 00:27:07.890 --> 00:27:10.948 that the criteria for granting 00:27:11.518 --> 00:27:16.418 extraordinary pensions to cultural workers are not clearly defined. 00:27:16.538 --> 00:27:22.294 The Court of Auditors has already made it clear in 2010 00:27:22.773 --> 00:27:27.817 that these criteria need to be set out more clearly, 00:27:27.974 --> 00:27:32.038 and that's why the current situation is in a way absurd. 00:27:32.158 --> 00:27:35.650 The Ministry of Finance has rejected quite a few proposals 00:27:35.770 --> 00:27:37.371 from the Ministry of Culture 00:27:37.491 --> 00:27:40.002 precisely because there are no clear criteria, 00:27:40.122 --> 00:27:43.851 and has called on the Ministry of Culture to regulate things. 00:27:43.971 --> 00:27:48.801 We were not the first. The position of the Court of Auditors 00:27:48.921 --> 00:27:51.983 has been clear since 2010. 00:27:53.098 --> 00:27:57.504 During this Government's term, to my knowledge, in three years 00:27:57.624 --> 00:28:03.919 exactly three such pension allowances have been granted. 00:28:04.480 --> 00:28:06.519 And 83 before our term. 00:28:06.654 --> 00:28:10.796 When the party proposing the referendum was in government, 00:28:10.916 --> 00:28:14.896 significantly more were granted each year. 00:28:15.255 --> 00:28:21.209 This legislation has absolutely nothing to do with the payments 00:28:21.330 --> 00:28:23.607 that we make each year for this from the budget. 00:28:23.727 --> 00:28:29.678 These 83 people will be getting it whether this act is passed or not. 00:28:29.908 --> 00:28:32.861 With this act, we're only regulating the criteria 00:28:32.981 --> 00:28:35.161 because we want them to be clear. 00:28:35.281 --> 00:28:39.128 We estimate that, in fact, this will probably 00:28:39.249 --> 00:28:41.873 even reduce the number of beneficiaries, 00:28:41.993 --> 00:28:44.110 because the criteria will be clearer. 00:28:44.230 --> 00:28:51.295 The assessment is an average of up to four people a year, 00:28:51.416 --> 00:28:55.364 two Prešeren Prize winners plus a maximum of two, 00:28:55.484 --> 00:28:58.956 and they all have to meet the age condition. 00:28:59.076 --> 00:29:02.280 If you're a Prešeren Prize winner, but aren't yet retired, 00:29:02.400 --> 00:29:06.456 you're not getting it yet. What I'm saying is that this is absurd. 00:29:06.576 --> 00:29:11.805 If we're talking about four additional people per year, 00:29:12.253 --> 00:29:15.541 the cost of the referendum 00:29:15.662 --> 00:29:19.819 would cover four additional people per year for the next 100 years. 00:29:19.939 --> 00:29:23.719 Just a rough estimate of what we're talking about. 00:29:23.839 --> 00:29:26.433 That's why I find this absurd. 00:29:26.554 --> 00:29:29.054 Four people per year means ... 00:29:30.080 --> 00:29:34.699 Between 70 and 80 thousand euros. -60 and 80 thousand euros. 00:29:34.819 --> 00:29:40.690 That's why I thought it was important to discuss this. 00:29:40.811 --> 00:29:43.407 Maybe some people don't know. 00:29:43.528 --> 00:29:49.046 Sometimes it's easy to speak about individual figures. 00:29:49.327 --> 00:29:53.795 I hope, since we're constantly being called to account, 00:29:53.915 --> 00:29:58.333 somebody will take responsibility for this cost from the budget, 00:29:58.453 --> 00:30:02.953 because we've regulated an area that was not regulated. 00:30:03.409 --> 00:30:08.327 Now, a question about the ECB interest rates. 00:30:08.447 --> 00:30:13.320 Žiga Bonča. -I can answer that first. 00:30:13.885 --> 00:30:20.737 Since the change of the US administration, 00:30:20.857 --> 00:30:26.177 there has been a lot going on. 00:30:27.985 --> 00:30:35.085 It has also become the most important topic 00:30:35.206 --> 00:30:39.020 for the Commission and finance ministers. 00:30:39.677 --> 00:30:42.592 We are pretty worried 00:30:42.850 --> 00:30:47.500 about the situation. 00:30:48.760 --> 00:30:52.918 I also have said this already and in March, 00:30:53.038 --> 00:30:58.108 the ECB President said it as well at the Eurogroup meeting. 00:30:58.228 --> 00:31:04.440 She thinks what has been going on is an attack on our financial system. 00:31:04.786 --> 00:31:07.940 It is not simple. 00:31:08.770 --> 00:31:12.780 You know I advocate 00:31:12.901 --> 00:31:18.493 for thoughtful and unified, but also clear decisions. 00:31:18.614 --> 00:31:23.149 We had a meeting last week and I have a good feeling. 00:31:23.269 --> 00:31:26.340 I was not the only one who said that. 00:31:26.928 --> 00:31:30.721 If you are asking about my opinion on tariffs, 00:31:30.842 --> 00:31:36.140 everyone has to pay the consequences of their decisions. 00:31:37.603 --> 00:31:41.960 This policy is crazy for the US as well. 00:31:43.322 --> 00:31:48.252 If you remember, in autumn 2022, 00:31:48.715 --> 00:31:52.304 the British government quickly 00:31:52.425 --> 00:31:57.274 passed some changes on taxes, 00:31:57.394 --> 00:32:00.920 it was about huge exemptions, 00:32:02.758 --> 00:32:09.423 and markets responded. We are talking about an important country. 00:32:10.119 --> 00:32:13.320 They changed their decision. 00:32:13.440 --> 00:32:17.536 Financial markets responded now as well, 00:32:17.657 --> 00:32:22.662 although the biggest country did it. I am sure some things, 00:32:22.782 --> 00:32:26.008 especially postponing the tariffs, are the result of that 00:32:26.128 --> 00:32:30.558 and not tactics as we hear now, 00:32:30.678 --> 00:32:37.000 but it is not important. The situation is tense 00:32:37.120 --> 00:32:43.906 and Europe has to be united as it has been until now 00:32:44.026 --> 00:32:47.840 and answer decisively and wisely. 00:32:49.834 --> 00:32:53.478 Žiga. -What do you expect 00:32:53.599 --> 00:32:58.984 from the additional lowering of interest rates? 00:32:59.104 --> 00:33:02.460 I think there will be a meeting today 00:33:03.212 --> 00:33:06.580 where this will be clear. 00:33:06.700 --> 00:33:10.223 I will not predict anything, but there was an assessment 00:33:10.343 --> 00:33:16.600 that the tariffs and trade war 00:33:16.813 --> 00:33:21.840 will be an additional reason for lowering 00:33:22.349 --> 00:33:28.600 the interest rates. I welcome this decision if it will be made. 00:33:29.454 --> 00:33:34.860 The inflation is moderate, 00:33:35.761 --> 00:33:41.804 especially in Slovenia where it is the perfect 2%. 00:33:41.924 --> 00:33:45.037 I am glad 00:33:45.158 --> 00:33:49.610 this is an additional boost from the ECB 00:33:49.730 --> 00:33:55.549 that it happens even sooner. -How do you comment 00:33:55.669 --> 00:34:01.883 on Robert Golob's vacation? Did you talk about it 00:34:02.003 --> 00:34:05.300 and did he provide any explanation? 00:34:08.185 --> 00:34:10.977 When it became 00:34:11.098 --> 00:34:16.920 the main news in some media, 00:34:17.329 --> 00:34:20.440 I was wandering what was the intention. 00:34:21.848 --> 00:34:25.120 I do not believe this is a coincidence. 00:34:25.458 --> 00:34:29.046 It happened one week 00:34:29.166 --> 00:34:33.291 after we passed one reform 00:34:33.411 --> 00:34:35.942 and another is on the way to the Parliament. 00:34:36.062 --> 00:34:40.822 One is the healthcare reform with the Health Services Act 00:34:41.731 --> 00:34:46.200 which was talked about a lot, and the other is the pension reform. 00:34:46.320 --> 00:34:51.168 I see this as a diversion 00:34:51.288 --> 00:34:56.320 from one of the biggest successes of this Government. 00:34:56.440 --> 00:35:00.980 We are in the last year of our term and have been told 00:35:01.100 --> 00:35:06.140 to stop with reforms and do the likeable stuff, 00:35:06.463 --> 00:35:10.420 but we will finish what we started. 00:35:10.540 --> 00:35:15.001 This is an aspect 00:35:15.331 --> 00:35:19.320 that is a part of it and on the other hand, 00:35:20.361 --> 00:35:25.183 I wonder if I should also be careful 00:35:25.303 --> 00:35:30.493 where I live and where I go to dinner and what are the connections. 00:35:30.614 --> 00:35:36.220 I do not know the details 00:35:36.910 --> 00:35:42.340 because we did not talk about it. 00:35:43.538 --> 00:35:48.740 I do not see any problem 00:35:49.040 --> 00:35:54.518 with staying with a friend from your party. 00:35:54.638 --> 00:35:57.680 I did not know this, but it is not important. 00:35:58.283 --> 00:36:01.510 I would like to inform you about one Government decision. 00:36:01.630 --> 00:36:04.771 Based on Sunday's resignation, 00:36:04.891 --> 00:36:09.938 the Government dismissed Dr. Tomaž Subotič 00:36:10.058 --> 00:36:13.940 from the Celje Hospital Council. 00:36:14.825 --> 00:36:18.659 Go ahead. -Go ahead. 00:36:19.959 --> 00:36:22.260 Rok Šuligoj, TV Slovenija. I have a question 00:36:22.380 --> 00:36:26.843 about the holiday allowance. Have you already decided on the amount 00:36:26.963 --> 00:36:30.093 and when it will be paid? How many people are eligible? 00:36:30.284 --> 00:36:36.920 Everything was decided during negotiations on the pay reform 00:36:37.337 --> 00:36:40.740 for this and next year. 00:36:40.860 --> 00:36:47.194 This is not a topic of discussion anymore 00:36:47.314 --> 00:36:53.520 because it was a part of negotiations. 00:36:53.928 --> 00:36:56.835 If I remember correctly, 00:36:56.955 --> 00:37:01.056 this year it will be 5% above the minimum allowance 00:37:01.176 --> 00:37:07.340 and next year, 10%. We agreed on it in November. 00:37:07.834 --> 00:37:12.292 Now, this side and then the other side. I have two questions. 00:37:12.412 --> 00:37:16.456 They are on different topics. Should I ask them together? 00:37:16.576 --> 00:37:18.176 Yes. 00:37:18.419 --> 00:37:23.920 You are a deputy Prime Minister and I want to ask you, 00:37:24.696 --> 00:37:29.220 there is a video of Prime Minister's partner 00:37:29.480 --> 00:37:32.512 where she appeals with a former member 00:37:32.858 --> 00:37:36.046 of the Strategic Council for Nutrition 00:37:36.798 --> 00:37:41.070 on pensioners to avoid animal based food 00:37:41.190 --> 00:37:48.018 and taking medicines. 00:37:48.138 --> 00:37:50.138 Is this 00:37:52.172 --> 00:37:55.874 the Prime Minister's opinion as well? 00:37:55.994 --> 00:37:59.413 What do you think about such videos? 00:37:59.533 --> 00:38:05.494 Doctors reacted very angrily 00:38:05.614 --> 00:38:11.412 and said this is dangerous. -I have no idea about this. 00:38:11.533 --> 00:38:16.101 I do not know about the video or its contents. 00:38:16.869 --> 00:38:20.636 I do not follow social media 00:38:20.756 --> 00:38:24.408 and what anyone posts, so I cannot comment on this 00:38:24.528 --> 00:38:27.500 because I do not know what it is about. 00:38:28.502 --> 00:38:32.400 I believe this is her personal opinion. 00:38:33.652 --> 00:38:38.352 Yes. -On Tuesday, 00:38:38.472 --> 00:38:41.660 the closing arguments were heard 00:38:41.780 --> 00:38:46.862 in the Trenta trial. I am not interested in the trial, 00:38:46.982 --> 00:38:50.943 but in the protest before the court. 00:38:51.063 --> 00:38:54.419 A lot of supporters 00:38:54.540 --> 00:38:58.840 of SDS's President were there. 00:38:59.725 --> 00:39:05.711 I want to know your opinion about accusations 00:39:05.831 --> 00:39:07.431 of the unfair judicial system. 00:39:08.768 --> 00:39:14.865 Employees of the court were attacked as well. 00:39:14.985 --> 00:39:18.000 What does the Government think about it 00:39:18.120 --> 00:39:22.060 and what does the Minister of Justice say? 00:39:22.766 --> 00:39:27.580 We did not talk about it formally or informally. 00:39:27.863 --> 00:39:32.883 I can tell you my opinion and the Government has been consistent, too. 00:39:33.003 --> 00:39:38.667 Such pressure on independent institutions, 00:39:38.787 --> 00:39:42.520 especially on the judicial system, is unacceptable. 00:39:43.015 --> 00:39:46.680 We have already seen it. 00:39:47.284 --> 00:39:52.578 We have to respect the institutions and their decisions. 00:39:52.698 --> 00:39:58.475 If you do not agree with them, there are other ways 00:39:58.595 --> 00:40:03.545 to respond. It saddens me 00:40:03.665 --> 00:40:08.879 because it strengthens the opinion 00:40:08.999 --> 00:40:12.453 that everything is wrong. I do not agree with this. 00:40:12.573 --> 00:40:15.651 A lot of things are okay 00:40:15.771 --> 00:40:20.740 and a lot of institutions do their job well. 00:40:23.672 --> 00:40:29.790 Hello. Marjeta Bogataj, Demokracija. The Government was supposed to talk 00:40:29.910 --> 00:40:33.640 about the Decree on salaries in the B group of the public sector. 00:40:34.869 --> 00:40:39.236 We are talking about expert directors, chiefs, 00:40:39.356 --> 00:40:44.283 members of management boards. Can you tell us more 00:40:44.403 --> 00:40:51.004 about the changes and when will the salaries in the J group 00:40:51.124 --> 00:40:55.885 be agreed on? -We are talking about the A list 00:40:56.006 --> 00:41:01.639 that has been agreed on. There will be more in the press release, 00:41:01.759 --> 00:41:05.462 but if you want to ... -If we are talking about the J group, 00:41:06.221 --> 00:41:10.300 we explained it in detail. 00:41:10.505 --> 00:41:14.757 I said it the first time, although I was not prepared, 00:41:14.877 --> 00:41:19.520 that it is a cunning manipulation. 00:41:20.522 --> 00:41:26.670 When I said it, I was attacked, but then I was proven right. 00:41:26.790 --> 00:41:32.040 The Ministries of Finance and Public Administration 00:41:32.652 --> 00:41:37.740 invited journalists to the press conference 00:41:38.195 --> 00:41:41.544 to explain what is going on. 00:41:41.664 --> 00:41:46.940 We also highlighted the case from a nursing home. 00:41:47.192 --> 00:41:51.754 There were quite a few journalists there 00:41:51.874 --> 00:41:55.390 and we said very clearly 00:41:55.510 --> 00:41:58.060 what happened. 00:41:58.633 --> 00:42:03.013 No one has a lower basic salary 00:42:03.133 --> 00:42:08.180 and the ones that have it, have it for other reasons. 00:42:08.385 --> 00:42:14.569 There were bonuses paid in December 00:42:14.689 --> 00:42:18.660 for their performance, they were on sick leave. I explained 00:42:18.780 --> 00:42:21.660 we have to look at each case separately. 00:42:21.780 --> 00:42:25.300 I can say 00:42:29.299 --> 00:42:32.300 it was a bad attempt 00:42:33.381 --> 00:42:36.720 to degrade one of our most important reforms. 00:42:37.559 --> 00:42:41.700 I will answer about the B group. 00:42:41.821 --> 00:42:45.542 It is about the Director 00:42:47.425 --> 00:42:51.260 of the Agency for the Quality in Healthcare. 00:42:51.552 --> 00:42:54.940 He was put in the B group. 00:42:57.700 --> 00:43:01.548 I want to know about the agreement between Slovenia and Ljubljana. 00:43:01.668 --> 00:43:08.290 I guess they will get more money in the years 2025-2027. 00:43:08.410 --> 00:43:13.859 Can you tell us more, by how much, why? 00:43:13.979 --> 00:43:17.391 The A list. -I do not know the details. 00:43:17.511 --> 00:43:20.652 It was the decision on the A list, 00:43:20.772 --> 00:43:26.632 which means there were no problems 00:43:26.752 --> 00:43:32.958 or opposition. We are just following the law on the capital city. 00:43:33.078 --> 00:43:37.457 You will get a longer press release, 00:43:37.577 --> 00:43:40.640 so I cannot read everything here. 00:43:41.728 --> 00:43:44.866 Go ahead. -Rok Šuligoj. I have another question. 00:43:44.986 --> 00:43:50.580 Did you pass the Decree on incineration plants? 00:43:50.965 --> 00:43:56.142 I will not go into the details, I will say some main things. 00:43:56.262 --> 00:44:01.000 Mr. Kumer form the Ministry on the Environment 00:44:01.120 --> 00:44:04.460 where they prepared it, 00:44:04.580 --> 00:44:09.832 will tell you more. We are regulating something 00:44:09.952 --> 00:44:11.952 that has not been regulated yet. 00:44:12.751 --> 00:44:20.380 Everyone has to take care of their own waste. 00:44:21.130 --> 00:44:25.420 We are talking about a small part of waste 00:44:25.696 --> 00:44:28.748 we exported to Hungary. 00:44:28.868 --> 00:44:32.320 Some time ago, they stopped taking it. 00:44:32.893 --> 00:44:36.160 Slovenia has no regulation in this area 00:44:36.483 --> 00:44:40.782 and we are looking for solutions elsewhere. 00:44:40.902 --> 00:44:45.440 We are sending our waste to Czechia, Slovakia and Denmark 00:44:45.810 --> 00:44:51.409 that have regulations and we can export it there 00:44:51.529 --> 00:44:56.500 and they incinerate it, but it is expensive. 00:44:56.620 --> 00:45:00.833 It is a necessary regulation 00:45:00.953 --> 00:45:03.676 to create a framework. 00:45:04.506 --> 00:45:10.578 I know the colleagues from the Ministry of the Environment 00:45:10.698 --> 00:45:14.432 and I have no doubt we will adhere to the highest standards, 00:45:14.552 --> 00:45:17.360 but it has to be regulated 00:45:18.448 --> 00:45:22.480 and we need to take care of our own waste. -Any more questions? 00:45:22.818 --> 00:45:26.740 Thank you, we were thorough today. Good bye. 00:45:26.860 --> 00:45:28.460 Thank you.