Business News

  • State acquires another 21% in spa company Terme Olimia

    Ljubljana, 19 July (STA) - Slovenian Sovereign Holding (SSH) has acquired a 20.9% stake in the spa operator Terme Olimia from NKBM bank, increasing the state's interest to over 77%, and will publish a takeover bid for remaining shares.

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  • Major logistics centre near Ljubljana Airport completed

    Brnik, 18 July (STA) - Contractors have completed works on a major logistics centre adjacent to Ljubljana Airport that will be operated by Austrian logistics giant Cargo Partner. Spanning over almost 30,000 square metres, the new facility is expected to help turn the airport area in a major logistics hub.

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  • French multinational enters Slovenian elderly care market

    Radenci, 16 July (STA) - Orpea, a French multinational that specialises in assisted living services, has entered the Slovenian market via its Austrian subsidiary Senecura by purchasing a retirement home in Radenci, eastern Slovenia, called Dosor.

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  • Bad bank reports record yield in 2018

    Ljubljana, 15 July (STA) - The Bank Asset Management Company (BAMC), managing more than EUR 800 millions in assets, generated EUR 57.7 million in profit after tax last year and EUR 228 million in turnover, according to an audited annual business report released on Monday. The bad bank's capital gains yield reached a record 28.8%, far over the required 8%.

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  • EUR 200m broadband internet investment launched in Slovenia

    Ljubljana, 15 July (STA) - In the next three years, some EUR 200 million will be invested in the building of broadband optical networks in rural parts of Slovenia as part of the RUNE project, co-funded by the EU and the European Investment Bank (EIB).

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  • Finances of Slovenian households improving

    Ljubljana, 13 July (STA) - The financial position of Slovenian households continues to improve, with assets growth far outstripping debt. In the first quarter, the surplus of assets over debt widened by EUR 3.2 billion year-on-year to EUR 33.5 billion, show central bank figures.

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  • Govt deliberating on subsidies for several investments

    Ljubljana, 13 July (STA) - The government is currently examining several requests for subsidies by domestic and foreign investors worth about EUR 30 million. "This shows that the investment cycle is ongoing," Economy Ministry State Secretary Aleš Cantarutti told the STA.

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  • Austrian Supernova acquires Qlandia shopping centres in Slovenia

    Ljubljana, 11 July (STA) - Austrian shopping centre operator Supernova has acquired all the Qlandia shopping centres in Slovenia, the news portal Siol reported on Thursday. No figures were disclosed, but Siol says that the 19 shopping centres, of varying sizes, were valued at EUR 267 million by Qlandia operator Centrice in 2017.

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  • Battery maker TAB gives up search for strategic partner

    Mežica, 11 July (STA) - Battery maker TAB has terminated the search for a strategic partner. The Mežica-based company "decided to continue its current independent path of development," NLB bank, advisor to the consortium of sellers, said on Thursday.

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  • GZS: Despite lower profit, energy sector did well in 2018

    Ljubljana, 11 July (STA) - The Slovenian energy sector posted encouraging business results in 2018, with sales rising by 4.2% to a record EUR 13.9 billion and added value by 1.4% to EUR 1.2 billion, shows a report by the Chamber of Commerce and Industry (GZS).

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