Chamber Warns Small Firms to Gear up for Euro

Unlike the big companies, small companies are inadequately prepared or they have not started making preparations at all yet, GZS vice-president Cveto Stantič told the press. According to GZS adviser Nina Prešern, some of the smaller firms do not realise that the changeover to the euro is a complex and demanding project which affects all the functions of the company. Stantic added that there are some 35.000 limited-liability companies in Slovenia, so many bottlenecks can be expected.

Moreover, the switch to the euro entails strategic shifts: for example companies that have so far purchased in dollars might find it more prudent to switch purchasing to the eurozone to reduce foreign exchange risks, Stantic pointed out.