Exports, Imports Drop as Economy Weakens

Business,  10 Aug 2012  / By STA

Slovenia's imports as well as exports dropped in June year-on-year, suggesting that the economy is weakening further. Exports edged 1% lower to EUR 1.8bn, with imports plunging 4.5% to EUR 1.78bn, making for a positive trade balance, the Statistics Office said on Thursday.

In the first six months of 2012 exports were up 0.8% year-on-year to EUR 10.54bn, with imports at EUR 11.05bn, a drop of 1.1%. The coverage of imports of exports was 95.4%, according to the provisional statistical data.

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Julian, 12.08.2012 ob 18:20

It is terrible that money is leaving Slovenia just to buy cheap originals of great ideas that Slovenian imitators could have just as easily stolen.

Inventions such as the wheel could have been developed independently in Slovenia had local markets not been swamped by foreign competition before we were ready.

I say: let's export all foreign wheels back where they came from.

Slovenia could then design its own national wheel.

What would follow would put Slovenia squarely on the map as the world leader in this important new technology.

Scientific research into wheelonomics could be conducted by highly qualified Slovenian rotarologists.

After deciding which political party's funders should hold the patent on the wheel, wheel science courses taught by wheel professors could be supervised by an army of wheelocrats reporting to the Ministry of Wheels.

Slovenian know-how would ensure that wheels are adapted to local conditions - potholes and drunk driving for instance - by changing the shape. Expensive research into wheels could go on for ever and ever and the results sold to the foreigners at ever increasing prices until only Slovenia has them.

Although it would cost more for Slovenia to develop its own wheel it would be worth it to see the back of foreign wheels in this country, and to support this totally non-xenophobic activity I'm sure most citizens would be happy to support a Wheel Tax.

Of course not all wheel-related work would take place in offices! Student employment would benefit as they could be positioned wherever wheels are used, to count the revolutions and produce exaggerated statistics about the usage of wheels in Slovenia - which would be all your own idea.



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