Slovenia climbed 33 spots to take 64th place in the 2018 Index of Economic Freedom, published by the Heritage Foundation. Its overall score improved tangibly mostly due a significant improvement in fiscal health, which offset some deterioration in terms of government integrity and business freedom indicators. All in all, the country’s overall performance is below the regional average, but above the international one.
The report highlighted Slovenia’s efforts on fiscal consolidation and structural reforms in both the corporate and banking sectors. The inefficiency of public institutions and corruption, however, are still some of the most pressing challenges. Privatization of state-owned financial institutions remains sluggish, which has been specifically highlighted by developments with NLB, the country’s biggest bank.