“Economic conditions in Slovenia have been improving this year and are expected to improve further in the future, the government’s forecasting institute UMAR said on Tuesday.

Higher foreign demand and improved competitiveness stimulate further growth of exports and manufacturing, particularly in export-oriented sectors which reflects in growth of market shares on foreign markets,’ UMAR said in a report.

‘Private consumption is increasing amid positive movements on the labour market and high consumer confidence… Economic climate is improving and indicates further positive movements,’ it added.

The institute said average monthly wage in Slovenia rose by about 2 percent year-on-year in the first eight months of the year while the number of jobless people fell by 14.7 percent year-on-year in October.

It said total bank loans to companies were 8.1 percent higher at the end of September compared to a year before, while loans to households rose by 7 percent in the same period.” (Daily Mail)