Long-term inflationary pressure set to rise, research finds
Changed environment makes central banks’ task harder, Kenneth Rogoff and other researchers say
Source: Xinhua| 2024-04-05 05:33:15|Editor: huaxia
Although the economy slowed down from last quarter's growth of 1.1 percent, it is 0.6 percent higher than the same period of 2023.
"Economic conditions in Slovenia have remained favourable in the first quarter according to available data," the Bank of Slovenia said.
The labor market remains robust as data show that employment will continue to rise in the future, mainly in the service and construction sectors, it added.
Average wage increased by 8.1 percent year-on-year in January, with the most substantial hikes occurring in the industry and construction sectors, the bank said.
Slovenia, which has an export-oriented economy, registered an economic growth of 1.6 percent in 2023 and the government expects a growth of 2.4 percent this year.
Slovenia Balance of Payments (BoP): Current Account (CA)
Slovenia Balance of Payments (BoP): Current Account (CA) data was reported at 287.000 EUR mn in Jan 2024. This records an increase from the previous number of 137.500 EUR mn for Dec 2023. Slovenia Balance of Payments (BoP): Current Account (CA) data is updated monthly, averaging 18.200 EUR mn from Jan 1994 to Jan 2024, with 361 observations. The data reached an all-time high of 499.100 EUR mn in Oct 2020 and a record low of -363.700 EUR mn in Jul 2008. Slovenia Balance of Payments (BoP): Current Account (CA) data remains active status in CEIC and is reported by Bank of Slovenia. The data is categorized under Global Database’s Slovenia – Table SI.JB001: BPM6: Balance of Payments: EUR.
For three decades, CEIC has been a trusted partner to help navigate the world of macroeconomic data. Every day, top companies around the globe trust CEIC to provide the data used as the basis for business decisions, economic analyses, long term plans and more.
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OTP Bank Slovenia net profit surges in 2023
Author Radomir RalevPublished Mar 20, 2024 11:31 EEST LJUBLJANA
March 20 (SeeNews) - Hungary's OTP Group recorded an after-tax profit of 128.7 billion Hungarian forints ($353.3 million/325.8 million euro) from operations in Slovenia in 2023, up from 23.9 bilion forints in the previous year, it said.
The operating profit of OTP Bank Slovenia jumped to 140.7 billion forints from 24.0 billion forints, as total income soared to 96.9 billion forints from 23.3 billion forints, OTP Group said in an annual financial report posted on its website.
At the end of December 2023, OTP Bank Slovenia had total assets of 5,892 billion forints, up from 1,791 billion forints the end of 2022.
Gross customer loans (FX-adjusted) grew to 2.796 trillion forints at the end of December from 1.204 trillion forints a year earlier, while customer deposits (FX adjusted) rose to 4.583 trillion forints from 1.467 trillion forints, OTP said.
The Hungarian banking group completed the acquisition of the entire equity capital of Slovenian lender Nova Kreditna Banka Maribor (NKBM) in February 2023. With the transaction closing, OTP has around 30% share in the Slovenian banking market on a pro-forma basis.
(1 euro = 395.015 Hungarian forints)
SKB Banka d.d. is among the biggest banks in SEE. You can download our SEE Top 100 ranking here or subscribe to our free Top 100 newsletter here
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