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President Pahor concludes the official visit to the United Kingdom by visiting the City of London

London, 1. 3. 2019 | press release

President of the Republic of Slovenia Borut Pahor is today visiting the City of London as a major global financial centre, thus concluding his official visit to the United Kingdom of Great Britain and Northern Ireland as a guest of HM Queen Elizabeth II and the British Government.

President Pahor this morning first visited the London Stock Exchange (LSEG), where he met with the LSEG executive team. The Chairman of the London Stock Exchange, Sir Donald Brydon, presented the institution to President Pahor. The participants also exchanged views on expectations for financial markets and the economy in view of the current developments in Europe and around the world.

President Pahor then visited one of the leading financial institutions, the investment bank Goldman Sachs, where he listened attentively to how the global financial industry views the expected changes in Europe.

Slovenian President Pahor next met with the Lord Mayor of the City of London, Peter Estlin. Their meeting focused on how Brexit will reflect on the role of the City of London as one of the most important and vital financial centres of both Europe and the world.

In economic terms, the UK is an important global partner to Slovenia – ranking 19th among Slovenia's foreign trade partners. Bilateral trade in goods increased by 2% amounting to EUR 921.5 million in 2017, with a positive trend continuing in 2018. The UK is also Slovenia’s tenth-largest foreign partner for investments. Furthermore, the UK has become a key partner for tourism and, according to the Slovenian Tourism Development Strategy in the period up to 2021, it has been identified as one of Slovenia's key markets, with the number of British tourists in Slovenia growing.

In spite of the announced and approaching departure of the United Kingdom from the European Union, the two countries are closely linked to European values and tradition. With the withdrawal from the European Union, the UK is not leaving Europe but still remains an important business partner and a security ally in NATO.

President Pahor concluded his visit to the UK at the seat of the insurance and reinsurance market Lloyd's of London.

President Pahor concludes the official visit to the United Kingdom by visiting the City of London
Photo: Daniel Novakovič/STA