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Slovenian Prime Minister Visits Boston

On Wednesday, December 3, Slovenian Prime Minister dr. Miro Cerar, Boris Koprivnikar, Minister for Public Administration, and other members of the Slovenian delegation visited Boston, where they met with senior officials at data storage and information security company EMC, including the company’s president Amit Yoran.     Source: Embassy of Slovenia in Washington, D.C. Facebook Page

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Storied Moped Maker Gets New Owners

Tomos, a renowned maker of mopeds, got a new owner this week as industrial conglomerate Hidria sold the company to a small Celje-based trading company for an undisclosed sum. The new owner, MPO Kabel, plans to strengthen the brand presence in existing markers in Europe and the US, and at least double production from the current 400-500 mopeds per year. ...

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Top Foreign Investors in Slovenia Awarded

Manufacturing firms were dominant as the top foreign investors in Slovenia were honored Wednesday by SPIRIT Slovenia, the public agency for the promotion of entrepreneurship and foreign direct investment. Sogefi Filtration, a maker of oil and air filters mostly for the automotive industry, was honored as the best employer. Owned by Italian group Sogefi, it employs a workforce of 160 and boasts annual sales of EUR ...

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Heineken Makes Takeover Bid For Outstanding Laško Stake

Dutch brewer Heineken published a bid on Tuesday to complete the takeover of the Slovenian beverage group Pivovarna Laško after acquiring a majority stake earlier this year. According to the notification in the daily Delo, Heineken is offering EUR 25.56 a share for the remaining 46.57% stake it does not own already. The offer is open from 18 November until ...

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OECD Slovenia Growth Outlook Upgraded to 2.5% For This Year

The OECD projects that Slovenia’s economy will expand by 2.5% this year in its latest twice-yearly Economic Outlook, an upgrade of 0.4 points from spring. After slowing down to 1.9%, growth is expected to gain pace to 2.7% in 2017. In the report, released on Monday, the Organisation for Economic Cooperation and Development (OECD) finds growth will be supported by ...

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Heineken wires EUR 120m, takes control of majority stake in Laško

Heineken paid on Thursday EUR 119.5m for a 53.43% stake in beverage group Pivovarna Laško. Moreover, the Dutch buyer provided additional EUR 185m for the group to repay its debt. Dušan Zorko, who will remain at the helm, told the press that “Laško no longer owes anything to anybody but Heineken”. The core company, Pivovarna Laško, will get EUR 141m, ...

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Slovenian Pipistrel to deliver 194 aircraft to India

Pipistrel, the Slovenian maker of ultralight aircraft, signed a deal on Monday to deliver 194 trainer aircraft to the Indian Air Force, Indian Navy and the National Cadet Corps, the biggest single deal in the company’s history. The deal has also been described by Arming India, a specialised defence portal, as one of the single largest deals involving ultralight aircraft ...

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Fitch Upgrades Slovenia’s Outlook from Stable to Positive

Ratings agency Fitch has revised Slovenia’s outlook from stable to positive, while affirming its long-term foreign and local currency rating at BBB+, according to a press released posted on its website on Friday. The revised outlook means Fitch could upgrade Slovenia’s credit rating on the basis of shrinking budget deficit consistent with government debt on a downward path, progress in ...

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SABA at 48th International Trade and Business Fair – Celje, Slovenia

The 48th annual International Trade and Business Fair took place in Celje, Slovenia from September 8-13. The Slovenian American Business Association (SABA) participated for the first time, hosting a booth and demonstrating the products of various SABA members. Together with the Canadian Slovenian Chamber of Commerce, SPIRIT Slovenia and BoundBraker, SABA gave presentations on connecting businesses between Slovenia, the United ...

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