Flag description:
three equal horizontal bands of white (top), blue, and red, derive from the medieval coat of arms of the Duchy of Carniola; the Slovenian seal (a shield with the image of Triglav, Slovenia's highest peak, in white against a blue background at the center; beneath it are two wavy blue lines depicting seas and rivers, and above it are three six-pointed stars arranged in an inverted triangle, which are taken from the coat of arms of the Counts of Celje, the great Slovene dynastic house of the late 14th and early 15th centuries) appears in the upper hoist side of the flag centered on the white and blue bands
National anthem:
name: "Zdravljica" (A Toast)
lyrics/music: France PRESEREN/Stanko PREMRL
note: adopted 1989; the anthem was originally written in 1848; the full poem, whose seventh verse is used as the anthem, speaks of pan-Slavic nationalism
Economy ::Slovenia
Economy - overview:
Slovenia became the first 2004 European Union entrant to adopt the euro (on 1 January 2007) and has become a model of economic success and stability for the region. With the highest per capita GDP in Central Europe, Slovenia has excellent infrastructure, a well-educated work force, and a strategic location between the Balkans and Western Europe. Privatization has lagged since 2002, and the economy has one of highest levels of state control in the EU. Structural reforms to improve the business environment have allowed for somewhat greater foreign participation in Slovenia's economy and have helped to lower unemployment. In March 2004, Slovenia became the first transition country to graduate from borrower status to donor partner at the World Bank. In December 2007, Slovenia was invited to begin the accession process for joining the OECD. Despite its economic success, foreign direct investment (FDI) in Slovenia has lagged behind the region average, and taxes remain relatively high. Furthermore, the labor market is often seen as inflexible, and legacy industries are losing sales to more competitive firms in China, India, and elsewhere. In 2009, the world recession caused the economy to contract - through falling exports and industrial production - by more than 8%, and unemployment to rise above 9%. Although growth resumed in 2010, the unemployment rate continued to rise, topping 10%.
GDP (purchasing power parity):