Revoz exported 98% of its products last year, only some 900 cars remained in Slovenia. The past year was marked by a drop in demand on the European market, which resulted in the scaling down of production. The company also stopped producing the Clio II.

Bratož said that the management and the in-house trade union managed to come to an agreement and the company switched to only two shifts to avoid layoffs. The agreement will stay in place this year as well.

The most important markets for Revoz are France, Germany, Algeria, the Netherlands and Italy, said Bratož.

This year, Revoz will continue preparing for the launch of the Edison project to assemble new generations of the Renault Twingo and the Smart Forfour in a joint venture between Renault, Nissan and Daimler Benz.

So far EUR 40m have been invested in the project which will be launched next year. This year, the construction works are to be completed and the machinery installed.

Bratož said today that the most recent measures adopted by the government will worsen operating conditions. The increase in electricity prices for companies will cost Revoz some half a million euros more annually. Utility services will also become more expensive, the CEO said.