Exports contributed 80% to turnover. The RON161 million profit was 34% above the 2021 one and the average number of employees neared 1,500.

At end-2021, Stefan Cherciu said he wants to cross the EUR200 million threshold in terms of turnover in 2023.

He estimates Romania is likely to enter recession in the coming period judging by international signals.

“Under current conditions, of imminent recession, it’s a challenge to keep un upward trend for turnover by opening new sales channels and developing new products”.

(English version by Catalina Apostoiu)