Slovenia losing attractiveness as German investment destination

Slovenia is losing favorable position in its competition with world economies as an investment destination, according to a latest study by the Slovenian-German Chamber of Commerce. Slovenia's popularity has dropped to 8th place from the 2nd among 22 Germany's investment destinations although it enjoys a developed infrastructure, good local suppliers, and an educated workforce, the study shows. Officials of the Slovenian-German Chamber of Commerce attributed the negative change to, among others, the unfavorable tax environment, ineffective fight against corruption, and payment delays. Germany, the biggest economy in Europe, accounts for a fifth of Slovenia's foreign trade and is a leading investor in Slovenia.