OECD urges Slovenia to implement additional reforms

OECD urges Slovenia to implement additional reforms

Ljubljana, April 6, 2015/ Independent Balkan News Agency

Review Hari Stefanatos

The Organisation for Economic Cooperation and Development (OECD) with the publication of its “How Does Slovenia Compare” OECD 360 report advises Slovenia to proceed with reforming its tax and education systems publication.

More specifically, the report mentions that Slovenia has still a lot of work to do in order to attract more capital investments in a bid to help the corporate deleveraging processes.

In regard to state-owned companies, OECD urges the protection of competition and corporate governance, in addition to the reduction of the stake of the state in these companies.

There is also mention to the reform of the state policy on education, training and innovation, which although according to the report are relatively good, there is still room for improvement.  “The systems of education and training have to be more effective in reducing the differences among regions, as some parts of the country show a high share of jobs requiring low qualifications”, is mentioned in the report.

Moreover, the OECD believes Slovenia needs to undertake a revenue neutral reform of its tax system and restrain the rising budget expenditure caused by the ageing population. In other words, the government is advised to work toward forming a sustainable pension system by increasing the retirement age.

(Source: Sloveniatimes)