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Business opportunities in Slovenia

Eslovenia - Karin Dodic

We invite you to our coffee in which for the first time, we will know about Sloveniaan interesting country, full of opportunitiesIts economy is based on several sectors, including manufacturing, construction, tourism and financial services, of which the country is very interesting.

Karin Dodič
Founder of ALKADO poslovno svetovanje
Slovenia
09-Aug/23
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In this video, Karinan international trade expert from Sloveniashares information about business opportunities in his country. He highlights Slovenia's strategic location in Europe and its diverse economy, which includes sectors such as pharmaceutical manufacturing, automobiles and advanced machinery. He also mentions the importance of establishing personal relationships and respecting time in negotiations with Slovenian businessmen. In addition, he stresses the importance ofBilateral opportunities between Slovenia and Colombia in sectors such as organic coffee, renewable energies, tourism and technology.

00:03 Trade opportunities between Europe and Latin America

  • 00:08 Presentation of the guest speaker and her experience in international trade
  • 00:45 Objective of the cafecitos: to promote opportunities in new markets
  • 05:08 Scope of the guest's work: Connecting Europe and Latin America in trade

05:57 Basic information about Slovenia and its geographical position

  • 06:01 Slovenia is a country strategically located in Central Europe, being a point of connection between diverse cultures and historical trade routes.
  • 07:02 Slovenia is the only country in the world with the word 'love' in its name, which is a curious and memorable fact.
  • 08:03 Slovenia has a geographical position bordering Italy, Austria, Hungary and Croatia, and its capital is Ljubljana.
  • 09:43 Slovenia has a population of approximately two million and reflects a rich ethnic and religious diversity.
  • 10:52 Slovenia is a parliamentary republic with a republican and parliamentary system of government.
  • 11:27 The current president of Slovenia is Nataša Pirc Musar.
  • 11:31 Slovenia has a history and important facts that have contributed to its development and position in the international community.

11:50 Slovenia's economic strengths

  • 11:54 Slovenia's independence in 1991 was an important and peaceful achievement.
  • 12:38 Slovenia becomes a member of NATO, the European Union and the Schengen area.
  • 14:16 Slovenia's diversified economy, strategic location and educated workforce are key strengths.
  • 17:29 Slovenia has demonstrated economic resilience and stability, making it a reliable partner.

17:46 International trade in Slovenia: solid foundations for growth and prosperity in an interconnected global marketplace.

  • 17:50 Slovenia has a long and rich commercial tradition that has shaped an entrepreneurial and commercial mindset ingrained in its culture.
  • 19:08 Slovenia's macroeconomic stability creates a low-risk environment that attracts investors interested in exploring business opportunities.
  • 20:15 Slovenia's strategic location at the crossroads of the trans-European transport network corridors makes it an ideal entry point to key markets.
  • 23:00 Slovenia offers a number of valuable attributes that make it an ideal partner for doing business in the Balkan region.
  • 23:29 It is essential to examine Slovenia's main trading partners in order to understand its international trade.

23:43 Slovenia's trade profile: Exports and imports by country and product highlights

  • 23:46 Slovenia has a significant orientation towards its neighboring countries and other members of the European Union.
  • 24:54 Slovenia's exports to Colombia in 2022 reached a value of approximately US$27 million.
  • 26:58 Slovenia relies heavily on its neighboring countries and other European countries for imports.
  • 26:36 Slovenia's imports from Colombia last year reached a value of approximately US$44 million.
  • 27:02 Approximately 75% of Slovenia's foreign trade is concentrated in the European Union.
  • 28:08 Slovenia exports pharmaceuticals, electrical machinery, vehicles and parts, and mineral fuels, among others.
  • 29:29 The service sector is also a key part of Slovenia's economy.

35:29 Collaboration opportunities between Colombia and Slovenia

  • 36:17 Colombia can export agricultural products to Slovenia, while Slovenia can collaborate in pharmaceutical research in Colombia.
  • 37:11 Slovenia can offer renewable energy technology to Colombia, and both countries can promote sustainable tourism.
  • 38:05 Slovenia is known for its technology sector, which could generate business opportunities and knowledge transfer with Colombia.
  • 39:23 Trade agreements and cooperation agreements between the two countries can be explored to foster greater interaction and mutual benefit.
  • 39:44 Potential challenges include geographic distance, logistical challenges, and cultural and linguistic differences.
  • 40:10 Recommendations for negotiating with Slovenian businessmen include establishing personal and trusting relationships.

41:24 Tips for doing business in Eslovenia

  • 41:24 Build a relationship of trust with Slovenian business partners.
  • 41:57 Communicate clearly and directly, using solid data to support proposals.
  • 42:42 Respecting agreed schedules and deadlines, punctuality is essential in Slovenian business culture.
  • 43:08 Be prepared for gradual negotiations and show willingness to compromise.
  • 43:46 Dress in a professional and presentable manner at formal meetings, shake hands at the beginning and end of the meeting.
  • 44:49 Show interest in Slovenian culture, history, language and sports to strengthen the relationship.
  • 46:36 Bearing gifts is common, it is not so much the value that matters but the gesture of giving something.
  • 47:00 Doing business with Slovenian entrepreneurs can be easy if you follow their customs and show interest in their culture.

47:18 Commercial opportunities in Slovenia: organic and specialty coffees are very popular

  • 47:20 The Slovenian businessman is quite direct and clear in his decisions.
  • 49:03 Organic coffee and specialty coffee are very popular in Slovenia.
  • 50:03 Complying with EU regulations is complex, but necessary for market entry.

53:11 Appreciation and upcoming business topics

  • 53:14 Thanks to all who connected to learn more about Ecuador and its business opportunities.
  • 53:39 Entrepreneurs are invited to connect every Wednesday at 11 a.m. for future business topics.
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