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Economic clout of foreign-owned companies in Slovenia increasing

Ljubljana, 03 September (STA) - The economic significance of affiliates of foreign companies in Slovenia is increasing, according to the latest statistics showing that they account for an outsize, and rising, share of value added and employment.

Foreign affiliates represented 5.4% of non-financial companies in 2015, up from 5.1% in the year before. But they employed 20.5% of the total workforce, up from 19.2%) and accounted for as much as 26.3% of total added value, up from 24.1% in the year before.

The Statistics Office sees these as structural changes which have been significantly affected by the sales of several major companies to foreign buyers, including brewer Pivovarna Laško, food company Žito, and sports goods maker Elan.

The figures also reveal the trend is driven by major players.

Over 85% of the 7,213 foreign affiliates were micro companies, but they accounted for only 8.2% of value added generated by foreign affiliates.

The 85 firms classified as large enterprise (with more than 250 employees) accounted for well over half of value added.

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