Participants of a panel on risk management expressed their pleasure that risks are finally being talked about and stressed a more active role of the state in managing them after hearing an address by Economy Minister Andrej Vizjak, who described the state's future contribution towards risk management in Maribor on Thursday.
Vizjak, speaking at a meeting of Slovenian managers organised by the Manager Association, pointed out a public venture capital fund, mulled by the state, and the drafting of an act on venture capital companies, which envisages a partnership between the state and companies.
Vizjak believes that Slovenia's stable macroeconomic environment greatly contributes towards risk management. The recently passed legislation on companies, chambers of commerce and chambers alongside the planned tax reform bills also improved the business environment, he added.
He moreover pointed out the programme of promoting foreign direct investment (FDI) and privatisation which would facilitate FDI and aid in the successfulness of Slovenian small- and medium-sized companies on foreign markets.
At the ensuing panel, Borut Bratina of the Maribor Economics and Business Faculty pointed out the vagueness of contracts and called for a greater inclusion of law firms in the negotiations, and was seconded by lawyer Ana Stanic, who stressed the necessity of legal experts taking part in negotiating and concluding contracts.
Peter Groznik of the KD Group investment firm meanwhile said that political and regulatory risks present the biggest danger in Slovenia.
The Manager Association also presented the award for the best manager in 2006, which this year went to CEO of pharma company Krka Joze Colaric. He was chosen for continuing with Krka's excellent business results after taking over in January 2005.
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