Slovenia is located in southern Europe, east of Italy and south of Austria. It was part of Yugoslavia until it declared independence in 1991. It was one of 10 countries to become a member of the European Union in 2004 and, in 2007, became the first of those 10 countries to begin using the euro. Information and communications technologies are major industries in Slovenia and have grown rapidly in the last decade, along with financial services and e-business. Forestry, traditionally a large part of Slovenia’s economy, remains significant, with woodworking and the production of pulp, paper, and other wood products continuing to be important industries.