Companies’ reluctance is justified by the global tendency to slash spending amid the possibility of a new crisis emerging on the protracted Ukraine war, high inflation, energy crisis and massive layoffs operated by big tech firms.
Mihai Filip, OVES Enterprise CEO, says his company had to work five times more to be able to reach the EUR6-7 million target set for this year.
In 2021, the company’s turnover rose four times, to around RON14 million. For 2022, OVES wants to double its revenues, to RON30 million.
Currently, 80% of the company’s turnover is generated by projects outside Romania. OVES Enterprise has 107 employees and offices in Romania, Germany and the UAE.
(English version by Catalina Apostoiu)