EXPANSION
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Flanco Set to Expand Further Abroad
Dragos Sirbu, CEO of electro-IT retailer Flanco, says the company will enter Poland, and then Germany, the Czech Republic and maybe Greece in 2022.
Poland’s CCC Hits RON661M Turnover in Romania After 33% Growth in 2021
Poland’s retail group CCC, operating particularly on the footwear market, in 2021 generated RON661 million (626.7 million zlotys) turnover, up 33% from 2020.
BICO Industries Aims to Invest EUR6-8M to Diversify Product Portfolio
Fiberglass mesh producer BICO Industries, part of building materials holding ROCA Industry, wants to access state aid to expand its current product portfolio.
Retailer Paco Supermarket Sees 2021 Turnover Rise by 17.6% to EUR34M
Supermarket network Paco of Vrancea, a major Romanian player in the local food retail, posted 17.6% higher turnover in 2021, to EUR34 million.
CloudHero Banks on EUR2.3M Turnover in 2022, Triple 2021 Level; Wants to Open Office in US
Romanian-held CloudHero, specialized in software development and cloud services, plans to reach EUR2.3 million turnover this year, almost triple the 2021 level, as it already has EUR1.6 mill...
Tudor Personal Tailor Opens 4th Showroom in Romania; Aims to Expand in Belgium
Romanian Tudor Personal Tailor, a business specialized in the production of men’s made to measure suits, has recently opened a showroom in Iasi, the fourth in Romania.
DRUID Raises $15M in New Funding Round in Bid to Prop International Expansion
Romanian DRUID, the startup launched by Liviu Dragan, founder of Totalsoft, has raised $15 million in a new funding round, with the funds set to be used to support its international expansio...
AROBS Transilvania Budgets 17% Higher Turnover for 2022 to RON200M and RON47M Net Profit, Up 10% YOY
AROBS Transilvania Software, a tech company listed on the Bucharest Stock Exchange under the AROBS ticker, targets RON197.3 million, RON54.9 million EBITDA and net profit worth RON47.3 milli...
IT Genetics Opens EUR300,000 Madrid Office
Romanian IT Genetics, one of the largest providers of hardware and software solutions on the DC/POS (data collection and points of sale) market, invested over EUR300,000 to open an office in...