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Slovenia losing attractiveness as German investment destination: study

LJUBLJANA, April 15 (Xinhua) -- 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.

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