Slovenia. In April, the Prosecutor's Office announced
that the investigation into the country's only suspected
case of war crime in connection with Slovenia breaking out
of Yugoslavia in 1991 had been closed. The target involved
the shooting of three Yugoslav soldiers. According to
CountryAAH, a total of 47
Yugoslav soldiers died in the short conflict.
In July, the EU gave the final clear sign for entry into
the EMU from the turn of the year. Slovenia thus became the
first of the ten countries that became new members in 2004
to be given the right to completely replace their currency
with the euro.
The independence process was followed by two years of
severe economic downturn, in 1991 and 1992. During this
period, annual inflation was more than 200%, while
unemployment reached 13%. At the beginning of 1993, foreign
debt exceeded $ 1.764 million, although the country could
still show the highest annual income per capita. inb. -
approx. $ 6,000 - among the former Yugoslav republics.
Center politician Janez Drnovsek was appointed prime
minister in April 1992. At the December election, the
Liberal Democratic Party, led by Drnovsek, captured the
majority; he then formed a coalition government with the
participation of the Christian Democrats, the country's
second largest party.
1993 was a year marked by economic stabilization, created
on the basis of a rapprochement with the EU. Slovenia
defined itself as "a European country, not belonging to the
Balkans". The government deficit was reduced to 2% of GDP,
inflation remained below 5%, and thanks to exports and the
increase in tourism, the 1993 deficit was only $ 70 million.
The local currency, the Tolar, had a floating rate, and
showed some stability, supported by the country's foreign
exchange reserves, which amounted to about $ 700 million. In
January, Slovenia joined the IMF and in May joined the
Council of Europe; in addition, the Vizegrad agreement was
signed with the republics of the Czech Republic and
Following forecasts that talked about economic growth -
but at the same time the rise in unemployment, which peaked
at 14% in early 1994 - the government launched a
privatization program for the 2,500 state-owned enterprises.