<table class="text" bordercolor="#000066" cellspacing="1" cellpadding="2" width="95%" align="left" bgcolor="#ffffff" border="1"><tbody><tr><td valign="top" width="725" colspan="8"><p align="center"><span class="htmla_titolo"></span></p><p align="center"><span class="htmla_titolo"><img hspace="5" src="http://www.informest.it/images/loghi/informest/logo_informest_215x38.gif" align="baseline" vspace="5" border="0" /></span></p><p align="center"><span class="htmla_titolo"><font color="#003366">REPUBLIC OF SLOVENIA<br /></font></span></p></td></tr><tr height="15"><td valign="top" width="125" rowspan="7"><p><font color="#003366"><b>GENERAL DATA</b> </font></p></td><td valign="top" width="170" colspan="2" height="15"><p><font color="#003366">Form of Government:</font></p></td><td valign="top" width="430" colspan="5" height="15"><p><font color="#003366">Parliamentary (with direct election of the President of the Republic by the people)</font></p></td></tr><tr height="15"><td valign="top" width="170" colspan="2" height="15"><p><font color="#003366">Capital:</font></p></td><td valign="top" width="430" colspan="5" height="15"><p><font color="#003366">Ljubljana , pop: 258.873 (2002)</font></p></td></tr><tr height="15"><td valign="top" width="170" colspan="2" height="15"><p><font color="#003366">Area:</font></p></td><td valign="top" width="430" colspan="5" height="15"><p><font color="#003366">20,273 sq km</font></p></td></tr><tr height="15"><td valign="top" width="170" colspan="2" height="15"><p><font color="#003366">Population:</font></p></td><td valign="top" width="430" colspan="5" height="15"><p><font color="#003366">2,011,070 (July 2005 est.)</font></p></td></tr><tr height="15"><td valign="top" width="170" colspan="2" height="15"><p><font color="#003366">Population growth rate:</font></p></td><td valign="top" width="430" colspan="5" height="15"><p><font color="#003366">-0.03% (2005 est.)</font></p></td></tr><tr height="15"><td valign="top" width="170" colspan="2" height="15"><p><font color="#003366">Life expectancy at birth:</font></p></td><td valign="top" width="430" colspan="5" height="15"><p><font color="#003366">Male: 72.42 years, female: 80.1 years (2005 est.)</font></p></td></tr><tr height="15"><td valign="top" width="170" colspan="2" height="15"><p><font color="#003366">Currency:</font></p></td><td valign="top" width="430" colspan="5" height="15"><p><font color="#003366">Tolar (1 EUR = 239,551 SIT; 1 USD = 201,2060 SIT)- 2005</font></p></td></tr><tr height="2"><td valign="top" width="125" rowspan="9"><p><font color="#003366"><b>MAIN ECONOMIC INDICATORS</b> </font></p></td><td valign="top" width="170" colspan="2" height="2"><p><font color="#003366"> </font></p></td><td valign="top" width="123" height="2"><p align="center"><font color="#003366"><b>2001</b> </font></p></td><td valign="top" width="95" height="2"><p align="center"><font color="#003366"><b>2002</b> </font></p></td><td valign="top" width="76" height="2"><p align="center"><font color="#003366"><b>2003</b> </font></p></td><td valign="top" width="70" height="2"><p align="center"><font color="#003366"><b>2004</b> </font></p></td><td valign="top" width="68" height="2"><p align="center"><font color="#003366"><b>2005</b> </font></p></td></tr><tr height="2"><td valign="top" width="170" colspan="2" height="2"><p><font color="#003366">GDP (mil. SIT current prices)</font></p></td><td valign="top" width="123" height="2"><p align="right"><font color="#003366">4.761.815</font></p></td><td valign="top" width="95" height="2"><p align="right"><font color="#003366">5.314.494</font></p></td><td valign="top" width="76" height="2"><p align="right"><font color="#003366">5.726.498</font></p></td><td valign="top" width="70" height="2"><p align="right"><font color="#003366">4.836.895</font></p></td><td valign="top" width="68" height="2"><p align="right"><font color="#003366">1.515.775<sup>3</sup> </font></p></td></tr><tr height="2"><td valign="top" width="170" colspan="2" height="2"><p><font color="#003366">GDP per capita (in USD)</font></p></td><td valign="top" width="123" height="2"><p align="right"><font color="#003366">9.445</font></p></td><td valign="top" width="95" height="2"><p align="right"><font color="#003366">11.030</font></p></td><td valign="top" width="76" height="2"><p align="right"><font color="#003366">13.634</font></p></td><td valign="top" width="70" height="2"><p align="right"><font color="#003366">12.979<sup>1</sup> </font></p></td><td valign="top" width="68" height="2"><p align="right"><font color="#003366">13.722<sup>4</sup> </font></p></td></tr><tr height="2"><td valign="top" width="170" colspan="2" height="2"><p><font color="#003366">Inflation rate (%)</font></p></td><td valign="top" width="123" height="2"><p align="right"><font color="#003366">8,41</font></p></td><td valign="top" width="95" height="2"><p align="right"><font color="#003366">7,48</font></p></td><td valign="top" width="76" height="2"><p align="right"><font color="#003366">5,6</font></p></td><td valign="top" width="70" height="2"><p align="right"><font color="#003366">3,6</font></p></td><td valign="top" width="68" height="2"><p align="right"><font color="#003366">2,5<sup>5</sup> </font></p></td></tr><tr height="2"><td valign="top" width="170" colspan="2" height="2"><p><font color="#003366">Unemployment rate (ILO, %)</font></p></td><td valign="top" width="123" height="2"><p align="right"><font color="#003366">5,8</font></p></td><td valign="top" width="95" height="2"><p align="right"><font color="#003366">6,1</font></p></td><td valign="top" width="76" height="2"><p align="right"><font color="#003366">6,5</font></p></td><td valign="top" width="70" height="2"><p align="right"><font color="#003366">6,4</font></p></td><td valign="top" width="68" height="2"><p align="right"><font color="#003366">n.a.</font></p></td></tr><tr height="2"><td valign="top" width="170" colspan="2" height="2"><p><font color="#003366">Trade balance (bln. SIT)</font></p></td><td valign="top" width="123" height="2"><p align="right"><font color="#003366">- 32,1</font></p></td><td valign="top" width="95" height="2"><p align="right"><font color="#003366">78,7</font></p></td><td valign="top" width="76" height="2"><p align="right"><font color="#003366">-1,7</font></p></td><td valign="top" width="70" height="2"><p align="right"><font color="#003366">-10,7<sup>2</sup> </font></p></td><td valign="top" width="68" height="2"><p align="right"><font color="#003366">17,713<sup>3</sup> </font></p></td></tr><tr height="2"><td valign="top" width="170" colspan="2" height="2"><p><font color="#003366">Total imports (bln. SIT)</font></p></td><td valign="top" width="123" height="2"><p align="right"><font color="#003366">- 2.776,5</font></p></td><td valign="top" width="95" height="2"><p align="right"><font color="#003366">- 2.981,7</font></p></td><td valign="top" width="76" height="2"><p align="right"><font color="#003366">- 3.247,2</font></p></td><td valign="top" width="70" height="2"><p align="right"><font color="#003366">- 3.709<sup>2</sup> </font></p></td><td valign="top" width="68" height="2"><p align="right"><font color="#003366">- 919,692<sup>3</sup> </font></p></td></tr><tr height="2"><td valign="top" width="170" colspan="2" height="2"><p><font color="#003366">Total exports (bln. SIT)</font></p></td><td valign="top" width="123" height="2"><p align="right"><font color="#003366">2.744,4</font></p></td><td valign="top" width="95" height="2"><p align="right"><font color="#003366">3.060,4</font></p></td><td valign="top" width="76" height="2"><p align="right"><font color="#003366">3.245,5</font></p></td><td valign="top" width="70" height="2"><p align="right"><font color="#003366">3.698,3<sup>2</sup> </font></p></td><td valign="top" width="68" height="2"><p align="right"><font color="#003366">937,405<sup>3</sup> </font></p></td></tr><tr height="2"><td valign="top" width="600" colspan="7" height="2"><p><font color="#003366"><sup>1 </sup>EUR; <sup>2 </sup>Provisional Data; <sup>3 </sup>Q1/05;<sup> 4 </sup>Forecasts EUR;<sup> 5</sup> Forecasts </font></p></td></tr><tr height="5"><td valign="top" width="125" rowspan="2"><p><font color="#003366"><b>COUNTRY RISK</b> </font></p></td><td valign="top" width="113" height="5"><p align="center"><font color="#003366">Sace (cat OCSE)</font></p></td><td valign="top" width="57" height="5"><p align="center"><font color="#003366">Coface</font></p></td><td valign="top" width="123" height="5"><p align="center"><font color="#003366">Freedom House</font></p></td><td valign="top" width="95" height="5"><p align="center"><font color="#003366">Moody’s</font></p></td><td valign="top" width="76" height="5"><p align="center"><font color="#003366">Standard & Poor’s</font></p></td><td valign="top" width="137" colspan="2" height="5"><p align="center"><font color="#003366">Fitch’s</font></p></td></tr><tr height="5"><td valign="top" width="113" height="5"><p align="center"><font color="#003366">2</font></p></td><td valign="top" width="57" height="5"><p align="center"><font color="#003366">A2</font></p></td><td valign="top" width="123" height="5"><p align="center"><font color="#003366">Civil liberties: 1,69</font></p><p align="center"><font color="#003366">Political rights: 1,87</font></p></td><td valign="top" width="95" height="5"><p align="center"><font color="#003366">Aa3/stable</font></p></td><td valign="top" width="76" height="5"><p align="center"><font color="#003366">AA-/stable</font></p></td><td valign="top" width="137" colspan="2" height="5"><p align="center"><font color="#003366">AA-/positive</font></p></td></tr><tr><td valign="top" width="125"><p><font color="#003366"><b>MAJOR PRODUCTION SECTORS</b> </font></p></td><td valign="top" width="600" colspan="7"><p><font color="#003366">Ferrous metallurgy and aluminium products, lead and zinc smelting, electronics (including military electronics), trucks, electric power equipment, wood products, textiles, chemicals, machine tools.</font></p></td></tr><tr><td valign="top" width="125"><p><font color="#003366"><b>INVESTMENTS</b> </font></p></td><td valign="top" width="600" colspan="7"><p><font color="#003366">At the end of 2003, Italian direct investments in Slovenia amounted to 326,5 mil EUR (6,4% of the total foreign direct investments), placing Italy at the fifth place among the investor countries. The principal Italian companies performing on the Slovenian territory are: San Paolo Imi, SOL S.p.A., Valbruna S.p.A., Domina Vacanze, Friuladria, Technical S.r.l.</font></p></td></tr><tr height="15"><td valign="top" width="125" rowspan="5"><p><font color="#003366"><b>COMPANY REGIME</b> </font></p></td><td valign="top" width="600" colspan="7" height="15"><p><font color="#003366">The most favourable company legal forms in which invest are: </font></p></td></tr><tr height="15"><td valign="top" width="170" colspan="2" rowspan="2"><p><font color="#003366">Joint-stock company</font></p></td><td valign="top" width="430" colspan="5" height="15"><p><font color="#003366">Minimum capital: 6 mil. Sit</font></p></td></tr><tr height="15"><td valign="top" width="430" colspan="5" height="15"><p><font color="#003366">Minimum number of members: 1</font></p></td></tr><tr height="15"><td valign="top" width="170" colspan="2" rowspan="2"><p><font color="#003366">Limited liability company</font></p></td><td valign="top" width="430" colspan="5" height="15"><p><font color="#003366">Minimum capital: 2.1 mil. Sit</font></p></td></tr><tr height="15"><td valign="top" width="430" colspan="5" height="15"><p><font color="#003366">Minimum number of members: 1</font></p></td></tr><tr height="15"><td valign="top" width="125" rowspan="3"><p><font color="#003366"><b>TAX REGIME</b> </font></p></td><td valign="top" width="170" colspan="2" height="15"><p><font color="#003366">VAT:</font></p></td><td valign="top" width="430" colspan="5" height="15"><p><font color="#003366">20%</font></p></td></tr><tr height="15"><td valign="top" width="170" colspan="2" height="15"><p><font color="#003366">Corporate income tax:</font></p></td><td valign="top" width="430" colspan="5" height="15"><p><font color="#003366">25%</font></p></td></tr><tr height="15"><td valign="top" width="170" colspan="2" height="15"><p><font color="#003366">Personal income tax:</font></p></td><td valign="top" width="430" colspan="5" height="15"><p><font color="#003366">17 - 50%</font></p></td></tr><tr><td valign="top" width="125"><p><font color="#003366"><b>WORKING REGIME</b> </font></p></td><td valign="top" width="600" colspan="7"><p><font color="#003366">In August 2004, the gross monthly minimum salary standard amounted to 267.878,00 Sit. In April 2005, the average gross monthly earnings amounted to 271.678 Sit.</font></p></td></tr><tr><td valign="top" width="725" colspan="8"><p align="justify"><a class="a_cadses" href="http://www.informest.it/" target="_blank"><font color="#ff9900"><strong><u>INFORMEST</u></strong></font></a>, <font color="#003366">in the framework of its institutional activity, produces the "Business Guide", an informative tool containing economic, commercial and juridical information of Eastern European and Central Asiatic Countries.</font></p><p align="justify"><font color="#003366">Business Guide allows to assess the viability, convenience and costs of doing business in Eastern European and Central Asiatic Countries.</font></p><p align="justify" /><p /><p><span class="htmla_paragrafo">THE SERVICE</span></p><ul><li><font color="#003366">On the market since 1995</font> </li><li><font color="#003366">Provided on line since 2000</font> </li><li><font color="#003366">Constant increase of the subscribers </font></li><li><font color="#003366">26 Countries covered by the service</font></li></ul><p /><p><span class="htmla_paragrafo"></span></p><p><span class="htmla_paragrafo">COUNTRIES</span></p><p align="justify"><font color="#003366">The Countries at the moment covered (26):<br />Albania, Armenia, Azerbaijan, Belarus, Bosnia, Bulgaria, Czech Republic, China, Croatia, Estonia, Hungary, Latvia, Lithuania, Macedonia, Kazakhstan, Moldova, Mongolia, Poland, Romania, Russia, Slovak Republic, Serbia and Montenegro, Slovenia, Ukraine, Uzbekistan and Vietnam.</font></p><p><span class="htmla_paragrafo">CORRESPONDENTS</span></p><p align="justify"><font color="#003366">The monitoring of 26 Business Guide is constant thanks to the wide network of foreign correspondents with which INFORMEST maintains a daily dialogue.<br />The CORRESPONDENTS has been operating for several years in the Countries, possesses specific competence and reliability in the field object of the cooperation agreement and has got adequate information sources.</font></p><p><font color="#003366">Wide and reliable network, 26 Correspondents among:</font></p><ul><li><font color="#003366">Private Local Consultants</font> </li><li><font color="#003366">Local Development Agencies</font> </li><li><font color="#003366">Local Chamber of Commerce</font> </li><li><font color="#003366">Italian Institutions abroad</font></li></ul><font color="#003366">It is possible to <a href="http://www.informest.it/bg/" target="_blank"><font color="#ff6633"><u>subscribe the BUSINESS GUIDE filling up the form on line</u></font></a>, according to which it is requested to specify the Country (or the Countries) of your interest.</font> </td></tr></tbody></table>