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News Archive - December 2014

Lithuania losing its litas to adopt the euro currency

31. 12. 2014
Lithuania losing its litas to adopt the euro currency
On January 1, 2015 Lithuania will be the last Baltic nation to join the growing number of EU states to have adopted the euro. Like Estonia and Latvia, Lithuania is hoping for more investment and lower borrowing.
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Weather: Temperatures Dropping Close to -20 Degrees!

31. 12. 2014
Weather: Temperatures Dropping Close to -20 Degrees!
It will be freezing cold in next few days in Slovenia with temperatures in some places dropping to -20 degrees. It will be mostly sunny by more cloudiness in the afternoon and tomorrow with light snow expected in parts of eastern and northern Slovenia.
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Greece crisis: Europe on edge over snap election

30. 12. 2014
Greece crisis: Europe on edge over snap election
News that Greece faces a snap election on 25 January has been met with international concern, with the radical left scenting victory.
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Labour Market Recovers in 2014, Next Year Uncertain

30. 12. 2014
Labour Market Recovers in 2014, Next Year Uncertain
Slovenia recorded an improvement on the labour market in 2014, as the number of unemployed dropped from 130,000 in January to around 115,500 in November. But the trend could reverse next year, as the government has cut funds for the active unemployment policy.
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New EU food labelling rules

29. 12. 2014
New EU food labelling rules
EU moves to help consumers be sure about the food they buy come under scrutiny in this edition of Utalk. The question is from Ivan in Sofia: “Recently new EU rules on food labelling entered into force. Could you please tell us what’s new for consumers and do you reckon that they are really better protected now?”
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Mixed Economic Prospects for 2015

29. 12. 2014
Mixed Economic Prospects for 2015
After an uneven recovery in 2014, the mixed economic trends in the world are expected to continue in 2015, according to Slovenian economist Mojmir Mrak. The eurozone remains an enigma, Mrak has told the STA, adding that he expects the European Central Bank (ECB) to launch quantitative easing measures early in the year.
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US economy growing at faster pace

24. 12. 2014
US economy growing at faster pace
The US economy grew at its quickest pace in 11 years in the third quarter. The figures from the Commerce Department are the strongest sign yet that growth in the country has accelerated.
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Consumer Confidence Up Slightly in December

24. 12. 2014
Consumer Confidence Up Slightly in December
Consumer confidence in Slovenia was up one percentage point in December on the monthly basis as consumers expressed optimism regarding the financial situation in households and the possibilities for savings in the next 12 months, according to data from the Statistics Office.
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Syria approves delivery of medicine to Aleppo - WHO

23. 12. 2014
Syria approves delivery of medicine to Aleppo - WHO
Syria has authorised the delivery of medicine to opposition-held areas of Aleppo, the World Health Organization says.
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Fuel Prices to Drop Significantly on Tuesday

23. 12. 2014
Fuel Prices to Drop Significantly on Tuesday
The prices of fuel in Slovenia will drop on Tuesday by between six and seven euro cents a litre despite the government raising excise duties. Premium petrol will be 6.1 cents cheaper at EUR 1.328, and regular petrol will go down 7 cents to EUR 1.292. Diesel will also be 6.1 cents cheaper at EUR 1.225 a litre.
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Austrian crooner Udo Juergens dies at age of 80

22. 12. 2014
Austrian crooner Udo Juergens dies at age of 80
Udo Juergens, one of the best-known pop composers and singers in the German-speaking world, has died at the age of 80.
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Postojna Cave Visitor Number Highest in 24 Years

22. 12. 2014
Postojna Cave Visitor Number Highest in 24 Years
The Postojna cave, one of Slovenia's most popular tourist destinations, has welcomed more than 600,000 visitors this year, the highest number in 24 years.
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Last EU summit of 2014 in full swing with major investment tabled

19. 12. 2014
Last EU summit of 2014 in full swing with major investment tabled
Former Polish Prime Minister Donald Tusk, is chairing his first EU summit amidst a flurry of proposals making the discussions. Chief among them is an investment plan to pump over 300 billion euros into infrastructure projects across the bloc.
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Adria Airways-Air India Code Share Deal Takes Effect on 15 January

19. 12. 2014
Adria Airways-Air India Code Share Deal Takes Effect on 15 January
Slovenian flag carrier Adria Airways and its Indian counterpart Air India will start operating the Ljubljana-Frankfurt-New Delhi route under the same code on 15 January in line with an agreement signed in November 2013.
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Putin set to address Russia amid economic crisis

18. 12. 2014
Putin set to address Russia amid economic crisis
President Vladimir Putin is set to hold his end-of-year news conference amid a growing economic crisis in Russia.
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MPs Endorse Law Establishing a Bank Resolution Fund

18. 12. 2014
MPs Endorse Law Establishing a Bank Resolution Fund
The National Assembly confirmed in a bipartisan vote on Wednesday a law establishing a bank resolution fund that would be financed by banks and managed by the central bank.
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EU Commission ditches ‘watered down’ air pollution proposal

17. 12. 2014
EU Commission ditches ‘watered down’ air pollution proposal
The European Commissions plan to reduce air pollution has been ditched, along with a host of other new measures.
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Sports Associations Voting on New Olympic Committee Boss

17. 12. 2014
Sports Associations Voting on New Olympic Committee Boss
Sports associations from around Slovenia will gather Tuesday to hold a vote on the new Olympic Committee (OKS) boss, choosing between Mayor of Ljubljana Zoran Janković, incumbent OKS vice-president Bogdan Gabrovec and Olympic silver-medallist Andraž Vehovar
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Russia raises key interest rate to 17% amid rouble decline

16. 12. 2014
Russia raises key interest rate to 17% amid rouble decline
The Russian central bank has announced it is increasing its key interest rate from 10.5% to 17%.
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Slovenia Hails EU Decision to Seek Bosnia Breakthrough

16. 12. 2014
Slovenia Hails EU Decision to Seek Bosnia Breakthrough
Foreign Minister Karl Erjavec hailed the decision by EU foreign ministers on Monday to confirm a new accession strategy for Bosnia-Herzegovina aimed at overcoming the deadlock in the country's talks on membership.
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Poorer countries seeking more resources to fight climate change: MEP

15. 12. 2014
Poorer countries seeking more resources to fight climate change: MEP
Delegates from across the world are meeting in Lima, Peru, to work towards a global deal on climate chage.
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Biathlon: Jakov Fak With New Podium Place

15. 12. 2014
Biathlon: Jakov Fak With New Podium Place
Slovenia's best male biathlete, Jakov Fak, finished third in the men's 12.5-km pursuit race in Austria's Hochfilzen on Sunday after placing third in the first World Cup sprint event of the season in early December.
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Petrol Projects 6% Profit Rise for 2015 Despite Lower Sales

12. 12. 2014
Petrol Projects 6% Profit Rise for 2015 Despite Lower Sales
Energy group Petrol projects a net profit of EUR 64m for 2015, up 6% over this year's target, although sales revenue is expected to drop by 6% to EUR 3.8bn due to lower prices of oil derivatives.
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Commissioner Bulc in Slovenia to Present Investment Package

12. 12. 2014
Commissioner Bulc in Slovenia to Present Investment Package
European Transport Commissioner Violeta Bulc is due in Slovenia on Friday to present the European Commission's EUR 315bn investment plan. The Slovenian member of the European Commission will also meet PM Miro Cerar and Speaker Milan Brglez.
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Russia’s Medvedev tried to reassure over weakening economy and rouble

11. 12. 2014
Russia’s Medvedev tried to reassure over weakening economy and rouble
Russia’s Prime Minister Dmitry Medvedev is trying to portray the glass as being half full when it comes to the state of the economy.
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Balanced-Budget Rule Adopted

11. 12. 2014
Balanced-Budget Rule Adopted
The government adopted Thursday legislation that will implement the Constitutional provision requiring Slovenia to run a structurally balanced budget over the medium term, except in times of economic crisis.
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Bad Bank Boss: We Will Not Give in to Political Pressure

10. 12. 2014
Bad Bank Boss: We Will Not Give in to Political Pressure
The boss of the Bank Asset Management Company (BAMC) has rebuffed allegations of wrongdoing related to contracting, suggesting that recent leaks of an anti-graft report were one-sided and aimed at paving the path to more obedient managers at the bad bank.
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Govt Will Not Propose Tax on Sugary Drinks

10. 12. 2014
Govt Will Not Propose Tax on Sugary Drinks
Coalition leaders agreed on changes to the 2015 budget at a meeting last night with unofficial information suggesting that the measures aimed at reducing the deficit will not include a tax on sugary drinks.
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Eurozone ministers extend Greek bailout by two months

09. 12. 2014
Eurozone ministers extend Greek bailout by two months
Eurozone finance ministers have given Greece’s bailout a two month extension after Athens failed to agree on the necessary economic reforms to release a final aid payment.
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Thermo Plant Šoštanj Slovenia's Biggest Polluter

09. 12. 2014
Thermo Plant Šoštanj Slovenia's Biggest Polluter
The Šoštanj coal-fired power station (TEŠ) is estimated to have caused between EUR 763m and EUR 2.44bn in cost to health and environment between 2008 and 2012, according to the European Environment Agency (EEA).
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Japan's third quarter recession deeper than estimated

08. 12. 2014
Japan's third quarter recession deeper than estimated
Japan's economy shrank more than initially estimated in the third quarter of 2014, according to revised gross domestic product (GDP) figures.
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Finance Minister at Eurogroup Meeting on Budget Plans

08. 12. 2014
Finance Minister at Eurogroup Meeting on Budget Plans
Finance Minister Dušan Mramor will take part on Monday in a meeting of the Eurogroup, dedicated to the assessment of euro nations budget plans. The officials will also discuss the European aid programme for Greece.
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Vatican finds millions 'tucked away', says Cardinal Pell

05. 12. 2014
Vatican finds millions 'tucked away', says Cardinal Pell
The man responsible for the Vatican's finances says he has found millions of Euros "tucked away" off balance sheets.
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Slovenia to Introduce Tax Registers in 2015

05. 12. 2014
Slovenia to Introduce Tax Registers in 2015
The government decided to step up the fight against grey economy on Thursday, aiming to have a fully functional system of cash tax registers on 1 September 2015, Deputy Prime Minister Dejan Židan told the press
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Putin to address parliament amid Russia economy woes

04. 12. 2014
Putin to address parliament amid Russia economy woes
President Vladimir Putin is expected to focus on Russia's economy when he delivers his annual state of the nation address to parliament later.
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Slovenia Counting on EU Infrastructure Funding

04. 12. 2014
Slovenia Counting on EU Infrastructure Funding
Slovenia is counting on securing infrastructure funding from the EU's EUR 315bn investment package, in particular for the Koper-Divača rail upgrade, Infrastructure Minister Peter Gašperšič said after EU transport ministers discussed projects potentially eligible for funding.
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The End of South Stream Project

03. 12. 2014
The End of South Stream Project
The government suggested on Tuesday that Russia's decision to shelve the South Stream gas pipeline project would not significantly affect the Slovenian portion of the project, in what appears to be an admission that the project never really took off. Prime Minister Miro Cerar is not surprised by the decision.
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Merry Day of Culture Bringing More Than 350 Free Events

03. 12. 2014
Merry Day of Culture Bringing More Than 350 Free Events
Cultural institutions around Slovenia will hold an open day on Wednesday to remember the birth of poet France Prešeren (1800-1849). Visitors will be able to go to more than 350 shows, exhibitions, concerts, guided tours, lectures, workshops and other events free of charge at 65 venues.
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Economy Minister Nominee to be Presented in Parliament

02. 12. 2014
Economy Minister Nominee to be Presented in Parliament
Economy minister nominee Zdravko Počivalšek will be heard by the parliamentary Economy Committee on Tuesday. The National Assembly is expected to take the final vote on the candidate by the end of the week.
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Government Bought Social Peace, Economy Will Pay the Price

02. 12. 2014
Government Bought Social Peace, Economy Will Pay the Price
The government and public sector trade unions struck an agreement on cuts in the public sector wage bill for next year after marathon talks late on Monday. Both sides emerged from the negotiations happy that looming industrial action had been averted.
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Lufthansa cancels 1,350 flights as pilots strike again

01. 12. 2014
Lufthansa cancels 1,350 flights as pilots strike again
German airline Lufthansa has cancelled 1,350 flights, as pilots prepare to go on strike after talks between the carrier and pilots collapsed in a row over retirement benefits.
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Ljubljana University Celebrating 95 Years

01. 12. 2014
Ljubljana University Celebrating 95 Years
The annual Week of Ljubljana University will kick off on Monday with a number of events organised by the 26 schools of Slovenia's oldest university, which celebrates its 95th birthday this year.
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