The Tale of the Two Alpine Republics

There are only around 40 Swiss companies in Slovenia, yet six of them are present on our annual TOP300 Survey of the largest companies. The number one Swiss investor in Slovenia is pharmaceutical group Novartis. Since its takeover of Slovenian pharmaceutical company Lek in 2002, Novartis has invested over 2 billion Euros in the Slovenian company. A large proportion of these investments went into R&D: Development Center Slovenia was recently awarded as the best within Sandoz, the group’s generic and biosimilar drug division (see also the News in Brief section of this issue of e-newsletter). Lek is the fifth largest company in Slovenia with around 1 billion euros of sales.

Bauhaus is one of the largest technical retailers in the Slovenian market (125th place on the TOP300 list). Adecco, top global recruitment agency, is also a strong player in the Slovenian labor market with 82 million euros of revenues. Belimed, a leading supplier of sterilization and disinfection equipment, has a factory in Grosuplje near Ljubljana. Lonstroff, a producer of elastomers and a Swiss company within the Japanese Sumitomo Rubber Group, started building a new production plant in Logatec, another small town near the capital.

Trade between the countries reached 1.5 billion euros in 2018. This puts Switzerland on 11th place among Slovenia's trading partners. What is really encouraging is that this trade has doubled in only five years – and almost tripled in the last decade.

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