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Slovenia Business Week no. 16: Revoz Remains Top Slovenian Exporter

Car maker Revoz, a subsidiary of Renault, remained the biggest Slovenian exporter in 2005, increasing exports by 35% year-on-year to SIT 265.5bn (EUR 1.1bn

Car maker Revoz, a subsidiary of Renault, remained the biggest Slovenian exporter in 2005, increasing exports by 35% year-on-year to SIT 265.5bn (EUR 1.1bn). Revoz accounts for 7.8% of the country's total exports, according to a survey of exporters published by the daily Delo on Monday, 10 April.

The top five includes household appliance maker Gorenje with exports at SIT 207.9bn (EUR 867.7m), followed by drug makers Lek (SIT 115.9bn/EUR 483.7m) and Krka (SIT 98.4bn/EUR 410.7m) and the Slovenian Steel Group (SIT 82.4bn/EUR 342.7m). The top five accounted for 22.6% of the overall exports.

There was one notable absence from the top five spots for 2005 - Prevent, the maker of car-seat covers, which was fourth last year. It placed 9th with exports at 54bn (EUR 225.4m), down 34% year-on-year. The Slovenian Steel Group meanwhile climbed two places compared to 2004.

Measured by exports to the EU, Revoz tops the list with sales there worth SIT 234.5bn (EUR 978.7m), followed by Gorenje (SIT 110bn/EUR 459m), the Slovenian Steel Group (SIT 61.8bn/EUR 257.9m), aluminium maker Impol (SIT 57.9bn/EUR 241.7m) and Prevent (SIT 54bn/EUR 225.4m).

Meanwhile, the biggest exporter of services was the gaming group Hit, with exports worth SIT 49bn (EUR 204.5m), followed closely behind by logistics group Viator&Vektor (SIT 47bn/EUR 196.2m), Slovenian Railways (SIT 30bn/EUR 125.5m) and shipping company Splosna plovba Portoroz (SIT 28bn/EUR 116.9m).

According to the forecasts for 2006 provided by the companies, Slovenia's exports are expected to increase 5% this year, whereby 14% of the 198 companies included in the survey expect exports to drop.

The forecasts of the top five exporters are mixed: Revoz expects exports to plummet by over 20%, Gorenje sees them level, Lek provided no data, Krka expects to up exports by roughly 10% and the Slovenian Steel Group expects them to drop.

The survey is based on data provided by the companies themselves. The authors point out that exports have been classified in the traditional sense: sales to EU countries are counted as exports, whereas the EU deems only sales outside the EU as exports.

Source: Slovene Press Agency STA

Author: STA