Yesterday, the Government of the Republic of Slovenia adopted a decision on awarding the financial incentive in the amount of 22,484,493.00 euros for the company Revoz, d.d. for the investment of the production of the new Twingo and the four-seat Smart. Today, Minister, responsible for economic development and technology, Stanko Stepišnik, MSc and Patrice Haettel, President of the Board of Directors at Revoz, d.d. Novo Mesto signed the financial incentive agreement.
The funds will be paid to the company over a four-year period. It is foreseen that 51 jobs will be created given the manufacture operates in one shift or 102 jobs if the manufacture operates in two shifts.
After the signing of the agreement, Minister Stanko Stepišnik, MSc underlined that the financial incentive for Revoz d.d. will bring multiple rewards for the country, namely through paying contributions and personal income tax the company will in the next five years contribute over 80.6 million euros. If we add to this amount the effects of net salaries, cost of services paid in the Republic of Slovenia and the purchases with the Slovenian suppliers, the amount is 371.2 million euros.
The incentive also brings non-financial benefits, namely: recognition of Slovenia as an environment friendly for foreign investors, reducing the unemployment rate in Slovenia and knowledge transfer as a result of the cooperation with scientific research institutions in the Republic of Slovenia and the Slovenian suppliers. Therefore, the investment will have a significant positive impact on other Slovenian regions.
Patrice Haettel, President of the Board of Directors at Revoz, d.d., welcomed the decision adopted by the Government of the Republic of Slovenia. He said that the project Edison represents a medium-term provision of work in Revoz and is an expression of trust of the Renault Group in the knowledge of the company Revoz d.d. “With this agreement we will be able to conclude the project of industrialisation of the mentioned vehicles within the factory and successfully place them in the market” he also said.