This is the 723rd most frequent Slovenian word.
evropsko
"Evropsko" means "European" in English.
In this case, 'evropsko' modifies 'prvenstvo' (championship), indicating that the championship pertains to Europe.
Na evropsko prvenstvo so prišle ekipe iz 16 držav.
Teams from 16 countries participated in the European championship.
Here, 'evropsko' acts as an adjective describing 'gospodarstvo' (economy), signifying its relation to Europe.
Evropsko gospodarstvo se razvija hitro.
The European economy is developing rapidly.
Here, 'evropsko' qualifies the noun 'integraciji' (integration), referring to its European context.