On 16 November 2023, the Act on Amendments and Additions to the Employment Relationships Act (Official Gazette of the Republic of Slovenia, No. 114/2023, hereinafter referred to as: ZDR-1D) entered into force, which transposes into the legislation of the Republic of Slovenia the requirements of Directive (EU) 2019/1152 of the European Parliament and of the Council of 20 June 2019... Read More →

After a more detailed assessment of the damage and the initiation of the first emergency measures to mitigate the consequences of floods and landslides in August 2023, the National Assembly of the Republic of Slovenia adopted the new Act on Emergency Measures for Mitigating the Consequences of Floods and Landslides from August 2023 (hereinafter referred to as: ZIUOPZP). This law... Read More →

The severity of SARS-COV-2 virus (COVID-19) epidemic has forced the authorities to pass a number of provisions and measures in order to manage the spread of the disease and its consequences. Below is the summary of the measures taken in the financial sector. Act Determining Intervention Measures in Public Finance (in Slovene: Zakon o interventnih ukrepih na javnofinančnem področju) On... Read More →

On 24 March 2020, the Government of the Republic of Slovenia presented its guidelines and measures for the preparation of a “Mega-Act” package worth around € 2 billion to help the population and the economy in mitigating the effects of the corona epidemic. The act has not been adopted yet; however, the measures are expected to stay in force from... Read More →

The Act on emergency measures on deferral of borrowers’ payment obligations (hereinafter: “the Act”) was adopted on March 20, 2020, within the urgent legislative procedure. Stated Act, under certain conditions, facilitates borrowers’ deferral of payment obligations under credit agreements and thus alleviates consequences of the emerging economic situation due to the COVID-19 epidemic. The Act came into force on 29... Read More →

Dear clients, on 16 March 2020, we provided you with a summary of actions taken by the competent authorities to manage the spread of SARS-COV-2 (COVID-19). As new, additional measures have been taken since then, please see below a summary of these measures. Prohibition of public gatherings As of 20 March 2020, 00:00 hours, the Order on the temporary prohibition... Read More →

Uncertainty of current economic situation, as a result of the COVID-19 epidemic, leads to inevitable decline in consumption and companies’ revenues and, therefore, puts unavoidable pressure on small and medium-sized companies (SMEs). The current state of Slovenian economy is starting to resemble situation which emerged after the economic crisis in 2008 and which resulted in introduction of a completely new... Read More →