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November 21, 2014

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Slovenia eyes key Chinese investment

Source: AFP | November 21, 2014, Friday | Print Edition

CHINA’S Vice Premier Wang Yang is on a visit to Slovenia which sees it as crucial to attract Chinese investments in the crisis-hit eurozone country.

“China can provide a huge market and sufficient funds for Slovenia,” Wang told journalists during a joint appearance with his Slovenian counterpart Dejan Zidan.

Slovenian state radio said Wang’s delegation, which included some 150 businessmen, was the largest to visit Slovenia ever and targeted possible investments in the country’s main Adriatic port in Koper, transport infrastructure and other state-owned companies.

“Due to its position, Slovenia can be a very good entry point for the Chinese economy into the European Union,” Zidan said after his first meeting with Wang.

He added that the tiny eurozone country, which has started recovering from a crisis due to wobbly banks that nearly forced the country to seek a bailout, called on China “to invest in Slovenia as much as possible.”

Last year, Slovenia launched the privatization of 15 state-owned companies, including the country’s main airport, the telecommunications operator and second-largest bank, to help reduce the eurozone country’s soaring public debt and attract foreign investments.

During his two-day visit, Wang will also meet Slovenian President Borut Pahor and Prime Minister Miro Cerar, whose government was appointed in September.

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