Yesterday, Fitch affirmed Slovenia's credit rating at A with a stable outlook.

According to preliminary data, the state budget recorded approximately EUR 10.3 billion in revenue in the first ten months of the year, which is EUR 1.3 billion or 14.2% more than in the same period last year. Expenditure decreased by EUR 779 million or 7.3% year-on-year to approximately EUR 10.6 billion, with the budget recording a total deficit of approximately EUR 283 million in the first ten months.

During his visit to Japan from 26 to 31 October 2022, Minister of Finance Klemen Boštjančič met with Secretary of State Takahiro Inoue, with whom he discussed further cooperation between the two countries on the 30th anniversary of diplomatic relations between Slovenia and Japan.

Due to distorted price fluctuations in energy markets, the Ministry of Finance advocates for decisive action and all the enforceable measures in the field of financial markets by means of which regulated trading would be ensured in the event of stressful conditions in the market. On this note, we commend the fact that our ideas are also reflected in the proposals of the European Commission.

We hereby publish the Slovenian Government’s response to a public letter from NGOs concerning the resolution of the housing issue.

The ratings agency Moody's confirmed Slovenia’s credit rating as A3 and maintained its outlook at stable on Friday, 21 October 2022.

One year after the confirmation of Slovenia’s Recovery and Resilience Plan, the Representation of the European Commission in Slovenia, the Slovenian Recovery and Resilience Office, and the Ministry of Infrastructure together with the Slovenian Infrastructure Agency, held the plan’s first annual event, entitled On the Road to a Green Transition. In the morning, the conference participants discussed sustainable mobility and effective energy use, while in the afternoon they had a look at the first results of the project to upgrade the Ljubljana-Divača railway line, which is being financed as part of the plan. The event was also attended by the Head of the Recovery and Resilience Task Force at the European Commission, Céline Gauer, the Finance Minister Klemen Boštjančič, and Minister of Infrastructure Bojan Kumer.

As announced yesterday by the Minister of Finance, Klemen Boštjančič, at the press conference following the session of the Government, the Office of the Republic of Slovenia for Recovery and Resilience, a body within the Ministry of Finance, today forwarded to the European Commission a request for the payment of the first instalment of grants from the European Resilience and Recovery Facility.

Before filing its first request for the payment of Recovery and Resilience Facility grants, the Government was briefed on the report on the implementation of the Recovery and Resilience Plan.

Klemen Boštjančič, the finance minister, has attended the annual meeting of the IMF and World Bank Group, which took place from 11 to 15 October 2022 in Washington. The primary focus of the discussions was on developments in the global economy and on the international financial markets, the consequences of the war in Ukraine, the food and energy crisis, and possible responses.

According to preliminary data, the state budget recorded almost EUR 9.3 billion in revenue in the first nine months, which is about EUR 1.3 billion or 16.2% higher than in the same period last year. Expenditure fell by almost EUR 837 million or 8%, amounting to around EUR 9.6 billion. Accordingly, the budget deficit amounted to EUR 324 million in the first nine months.

On the 20th of September 2022, the Republic of Slovenia, rated A3 (stable)/A (stable)/AA- (stable) reopened its 2.250% March 2032 (Mar-32) by €500mn. The new issue size totalled €3.83bn after reopening.

The Republic of Slovenia announces the cash tender results of the Euro denominated notes of the tender that expired on 19 September 2022.

The Republic of Slovenia, rated A3 (stable) / AA-(stable) / A (stable), has mandated Barclays, BNP Paribas, Erste Group and J.P. Morgan to lead manage a reopening of the SLOREP benchmark due in March 2032. A potential tap of SLOREP 02/2062 and/or SLOREP 03/2081 is possible, subject to the interest of investors. The transaction will be Regulation S in dematerialized registered form.

The Republic of Slovenia (the Issuer), rated A3 (stable) / AA- (stable) / A (stable), has mandated Barclays, BNP Paribas, Erste Group and J.P. Morgan as Joint Dealer Managers for a Tender Offer for the Issuer’s outstanding March 2023 and September 2024 EUR securities. Additionally, the Republic will consider a Euro-denominated Reg S transaction in dematerialised registered form, subject to market conditions and the results of the concurrent Tender Offer.

In its National Recovery and Resilience Plan (NRRP), which was endorsed by the Council of the EU at the end of July 2021, the Republic of Slovenia specified EUR 705 million in loans for recovery and resilience-building measures in the aftermath of the COVID-19 pandemic. For the purpose of implementing these investments, the European Union and the Republic of Slovenia concluded a loan agreement at the beginning of June 2022, setting out the terms and conditions for the implementation of these funds. The signed agreement is the basis for the disbursement of refundable funds from the Recovery and Resilience Facility (RRF).

The Minister of Finance Klemen Boštjančič on the basis of the third paragraph of Article 40 of the Slovenian Sovereign Holding Act, issued a Decision on the appointment and tasks of the Expert Commission for the preparation of the candidate proposal for the member of the Slovenian Sovereign Holding (SSH) Supervisory Board, which will carry out the process of obtaining and evaluating candidates and prepare for the Minister of Finance the proposal of the relevant candidates. The candidate selection process is underway due to the recall of two members of the Supervisory Board of SSH.

On 4 July 2022, the Ministry of Finance published the first Allocation and Impact Report relating to its inaugural Sovereign Sustainability Bond issued on 1 July 2021. The purpose of this Report is to justify the trust of investors with transparency and disclosure of details.

According to preliminary data, the state budget recorded revenue of approximately EUR 6.4 billion in the first half of this year, an increase of EUR 968 million or 18% compared to the same period last year. Expenditure, on the other hand, amounted to EUR 6.5 billion, down EUR 849 million or 11.6% compared to the same period last year. The budget deficit in the first half of the year amounted to EUR 128 million.

The presentation of the 2022 Economic Survey of Slovenia, prepared by the Organisation for Economic Co-operation and Development (OECD), took place on Monday at Brdo pri Kranju. The Economic Survey provides a comprehensive picture of the macroeconomic situation in Slovenia, with special attention paid to the topical issue of the digitalisation of society and the economy.