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Slovenia’s financing landscape over the past couple of years has been characterized by the expansion and consolidation efforts of Hungary’s OTP banking group, resulting in the market being headed by two comparably large institutional players: NLB and OTP. In fact, consolidation in the banking sector could have easily been the talk of the year had it not been for the increased financing costs fueled by relatively high interest rates combined with volatile energy prices that have been causing headaches for the economy on all levels.

The Slovene language has long been a core part of Slovenia’s national identity, instrumental in unifying the nation during its journey to independence in 1991. However, globalization and digitalization have increasingly challenged the prominence of Slovene in public and commercial domains. This pressure has placed responsibility on the Slovenian government to safeguard the language’s role in the face of a rapidly globalizing world. Recent amendments to the Act on the Public Use of Slovene (Act) reflect this commitment to preserving and expanding Slovene’s presence in public, commercial, and digital spheres.

Recent rulings of the Slovenian Supreme Court on the permissibility of including contractual penalties in employment contracts highlight that when assessing the permissibility of applying the concept of a contractual penalty, one must consider the subordinate and dependent position of the employee relative to the employer both when concluding the employment contract and during the employment relationship.

In this article, we highlight the most relevant changes to Slovenia’s tax laws, from the perspective of corporate income tax, VAT, personal income tax and tax procedure that enter into force on 1 January 2025.

Mamic Peric Reberski Rimac, BDK Advokati, and Gorjup Law Office have advised Bosqar Invest on its acquisition of a 50.1% indirect stake in the Mlinar Group from MidEuropa Partners. Karanovic & Partners and Ilej & Partners in cooperation with Karanovic & Partners, working with Dechert, advised MidEuropa Partners. Gospic, Plazina, Stojs advised Mr. Skojo, the former owner of Mlinar and a current shareholder of SEE Bakery, the sole shareholder of Mlinar. Janezic & Jarkovic, and Van Campen Liem reportedly advised Bosqar as well. Gospic Plaznina Stojs reportedly also advised the sellers.

Szabo Kelemen & Partners Andersen Attorneys has advised ADEX on the merger of BSP Energy Exchange, HUPX Hungarian Power Exchange, and SEEPEX. Kinstellar and ODI Law advised HUPX and the Hungarian Transmission System Operator Mavir on the deal. Isailovic & Partners advised SEEPEX. Lukman advised ELES and BPS on the deal.

The Slovenian Financial Administration has recently provided clarification on the tax treatment of share buybacks conducted through intermediaries. This article offers valuable insights for companies and tax professionals navigating the complexities of corporate restructuring and employee incentive programs.

As 2024 wraps up, Slovenia is thriving with growth in IT, healthcare, real estate, and renewables, according to Kavcic, Bracun & Partners Partner Aleksandra Mitic, who notes that despite external challenges, optimism is high and key projects and investments are setting the stage for an exciting year ahead.

On December 2, the Slovenian office of Peterka & Partners opened its doors in Ljubljana with Senior Associate Pia Florjancic Pozeg Vancas leading the new office.

Slovenia’s real estate market is thriving, with robust foreign and domestic investments. Key legal and industrial shifts such as new work-life balance laws and reforms in the energy and healthcare sectors are reshaping its economic landscape, according to Krizanec & Partners Partner Dinar Rahmatullin.