Slovenia is one of the central European countries that have the most diverse culture, language and geography. Because of the different nations surrounding it, Slovenia has become a popular expat destination.
Slovenia is a country located in Eastern Europe with over two million inhabitants, with a small coastline on the Adriatic Sea.
The cost of living in Slovenia is cheaper than most countries in Europe. In Slovenia’s major cities, like Ljubljana, the monthly cost of you utilities (water, electricity, gas and garbage collection) is normally €200. You can also apply for other services like internet connection which is around €30 per month and mobile phone service where a minute of local prepaid call is charged €0.15.
Slovenia prides itself for having an excellent educational system and high standard in teaching. Many expats enrol their children in international schools, which use English and several European languages in teaching. There are many local schools that you can choose from.
Aall EU citizens are allowed entry and employment in the country. They also allow visa-free entry to European Economic Area (EEA) member states such as Norway, Iceland, and Liechtenstein as well as Switzerland under special conditions unless they will stay in the country for work, school, or residential purpose.
Slovenia’s economy is one of the most stable in Europe. Their GDP and Purchasing Power Parity are on a high rate and are considered prosperous. The growth and development of Slovenia’s economy is expected to continue for years to come, offering better work opportunities locally and overseas. According to the Skills Forecast of the European Centre for Development (Cedefop), Slovenia’s employment rate is expected to rise until 2025 and 33% of job opportunities in the country will be for professionals.
Despite being a part of the European Union, having the Euro as its official currency, and having a prosperous economy, the cost of living in Slovenia is surprisingly average compared to other European nations.
Foreigners looking for a rental apartment in Slovenia will find that the country has a wide array of options – from a bed in a shared room to fully furnished accommodations or houses. It is advisable to hire a reputable real estate agent especially if one does not have sufficient knowledge of the Slovene language. Several landlords do not speak English, so it may add to the difficulty of negotiating a deal and finding an apartment that suits one’s needs. Since Slovenia is just a small country, most of the expat community stay in the capital city, Ljubljana.
Prices for rental accommodation in Slovenia range from €380 to €500 a month for a one-bedroom apartment in the city centre, and €250 to €350 a month for a one-bedroom apartment outside the city.
Fees for utilities in Slovenia range from €157 to €283 per month for an 85m2 apartment, including water, heating, garbage and electricity. Internet rates about €29 a month. One-minute local calls using a prepaid mobile phone costs about €0.10.
Food prices in Slovenia are about average in Europe, much cheaper than major cities such as London and Paris, but about the same as bordering countries in the region such as Croatia, Hungary, and Austria.
Slovenia’s income tax rates for the working population are based on a progressive scale, which starts at 16% and can be levied as much as 50%.
Slovenia is one of the 13 Slavic countries that have a dynamic and rich economy.
Slovenia is considered to have a high-income economy that makes it a well-developed, stable and progressive European nation. Though the level of direct foreign investments in Slovenia is one of the lowest in the region, this country remains economically strong because of its heavy reliance on foreign trade with other European Union members such as France, Italy, Germany and Austria.
Slovenia has an approximated workforce of 926,000. About two-thirds or 62.8% of the Slovene working population is employed in the Services sector particularly in finance, while 35% are in the industry sector. The remaining 2.2% can be found in the agricultural sector. Meanwhile, for expats who want to take their chances in Slovenia, sectors that offer opportunities for employment include trade and industry, particularly car production, commerce, manufacturing, construction, and business services.
At present, the minimum wage in Slovenia stands at EUR 4.57 per hour, EUR 36.79 per day, EUR 183.95 per week or EUR 804.96 per month. The average monthly salary, on the other hand, is at EUR 1,684 which can still vary depending on the expatriate’s job category, industry, location and qualifications.
Slovenia has a standard 40 hours work week (8 hours a day) from Monday to Friday. Major businesses and establishments are open from 8 AM to 5 PM, or 9 AM to 6 PM.
Income tax in Slovenia is levied on all workers at a progressive scale, starting from 16% up to 50%. Slovenia has double taxation conventions with some countries, so foreign nationals working in Slovenia might want to check if their home country has a tax treaty with Slovenia to avoid double taxation on their income.
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