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Slovenia to benefit from EU presidency in 2008
Slovenia is set to benefit from its upcoming period as EU president; it will take the post for the first six months of 2008. It is thought that this high profile position will ultimately improve the country’s economy and that positive effects will also be felt in its real estate industry. Slovenia’s Ambassador to the EU, Ciril Stokelj, believes the EU presidency is part of Slovenia “becoming an increasingly open and European society”. If this is the case, this would lessen any risk associated with investing in real estate in Slovenia.
In November of 2006, Slovenia agreed to the proposal of being part of the first ‘troika’, together with Germany and Portugal, as part of the team presidency of the Council of the EU. Each member state holds the presidency for a term of six months and helps to harmonise the efforts of all the working bodies of the Council of the EU. This includes overseeing agreements on joint policy and chairing the internal procedures of passing legislation in all areas.
Dimitrij Rupel, Slovenia’s Foreign Minister, and Javier Solana, the EU's High Representative for Common Foreign and Security Policy, agreed in Brussels in early September of this year that Slovenian diplomats were well prepared for the EU presidency. Javier Solana told the press that he was convinced that Slovenian leaders would do a good job during the country’s period as EU president. Ambassador Stokelj is quoted as saying: “Slovenia is extremely honoured to be included in the first troika and sees the proposal for an early presidency – it would be the first of the new EU member states to take this role – as a major recognition, as it means that the EU sees it as a qualified new member which is capable of accepting the challenge of the presidency in only a few years’ time.”
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