NEWS

Timely response of economic policies and the course of developments in the world market give hope, says Prime Minister Borut Pahor

The Prime Minister of the Republic of Slovenia, Borut Pahor, today attended the spring business summit of Slovenian companies. In his address, Prime Minister Pahor spoke about the current economic and financial situation, stressing that Slovenia has responded in good time to the economic crisis gripping the world. Slovenia has taken all appropriate measures, based largely on fiscal policy measures, to revive the economy. This economic policy response and the course of developments in the world market give us hope, said Mr Pahor, that the situation will begin to ease in the second half of 2009.
 

(Foto: Bor Slana/Bobo)

 
Prime Minister Pahor also stressed that many other, more complex measures had been adopted with a view to preventing the destabilisation of the banking system and that the second package of government anti-crisis measures was aimed at dealing with the labour market and investment policy and improving the business environment. He went on to add that further worsening of the situation had required that additional measures be taken, which was the case in practically all European countries.
 
Mr Pahor explained that it was vital that these measures were targeted and took immediate effect, since this was the only way to achieve the desired effects. "That is why, in Slovenia, we have decided to formulate measures that deal with areas in which structural problems or gaps are established. In this respect, the crisis represents a challenge and an opportunity to solve problems that have accumulated over recent years, and have been brought to light by the worsening economic situation, drawing attention to the fact that changes are necessary if we are to continue our path of development."
 
At the close of his address, Prime Minister Pahor also touched on the third package of anti-crisis measures, confirming that it will be ready along with the second supplementary budget, which is being prepared for discussion at a session of the Government and will reflect priorities on which we should focus to get out of the crisis.