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Slovenia and the European Union
In the past decade, Slovenia laid down integration into the European Union as its priority objective, which a vast majority of its citizens supported at a referendum held on 23 March 2003.
Our country became a member of the European Union on 1 May 2004. With this enlargement, the European Union has expanded to 25 countries, now 28 countries.
On 1 January 2007 Slovenia joined EMU (Economic and Monetary Union) as the only new EU Member State and abandoned the tolar. The preparations for a smooth euro changeover and measures to avoid unjustified price increases are in place. For people the benefits include cheaper loans, less bureaucracy, and easier travel, while reduced exchange rate uncertainty for Slovenian businesses, lower transactions costs and less interest rate volatility are the advantages for the real sector.
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