Ministry of Finance
Coronavirus disease COVID-19
Current information and instructions are available on the Coronavirus disease COVID-19 website
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On Friday, 21 August 2020, credit rating agency DBRS Morningstar confirmed Slovenia's credit rating at A (high) with a stable trend. This is once again proof that the measures implemented by the Government during the COVID-19 epidemic were appropriate and that external observers continue to see Slovenia as trust-worthy despite the difficult situation created by the epidemic.
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The Minister of Finance M.Sc. Andrej Šircelj On the basis of the third paragraph of Article 40 of the Slovenian Sovereign Holding Act, on 10 April 2020 issued a Decision on the appointment and tasks of the Expert Commission for the preparation of the candidate proposal for the members of the Slovenian Sovereign Holding (SSH) Supervisory Board. The Expert Commission carried out the procedure of obtaining and evaluating candidates, but was unable to submit s sufficient number of suitable candidates to the Minister of Finance. The expert commission therefore publishes an open public call for additional candidates. The candidate selection process is underway due to the expiration of the term of office of two members of the SSH Supervisory Board on July 16, 2020.
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The Minister of Finance M.Sc. Andrej Šircelj 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 members of the Slovenian Sovereign Holding (SSH) Supervisory Board, which will carry out the process of obtaining and evaluating candidates and prepare for the Minister for Finance the proposal of the relevant candidates. The candidate selection process is underway due to the expiration of the term of office of two members of the SSH Supervisory Board on July 16, 2020.
Topical
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Fitch confirms Slovenia's credit rating
On Friday, 17 July 2020, Fitch Ratings affirmed Slovenia's credit rating at 'A' with a stable outlook.
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Minister Šircelj on the Eurogroup agreement: "We made a step in the right direction. We have some new instruments, and now, we must focus on the recovery. We showed a rational, responsible, quick, but also an ambitious and prudent way to recovery."
At today’s Eurogroup video conference, EU Ministers of Finance agreed on short-term measures to mitigate the effect of the coronavirus pandemic. During the crisis, all euro area Member States will be able to access the resources within the newly established Pandemic Crisis Support, which will be based on the existing precautionary credit line of the European Stability Mechanism (ESM). A temporary European instrument to support national safety nets – called SURE, and EIB guarantee schemes will also be created. Fiscal and state-aid rules are relaxed, and the work on mid-term measures continues as well.
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Slovenia successfully returned to the markets
On the 7th of April 2020, the Republic of Slovenia successfully returned to the markets with a triple-tranche transaction, consisting of a €1.15bn Mar-23 tap, a new €1bn 10yr (Jul-30) issuance and a €100m Aug-45 tap.