“We are present on 17 markets and have plans to expand into a further ten. We are hoping to achieve this target by the end of this year. In 2012 we expect to have a turnover of EUR77 million, of which we want 40% to be accounted for by exports,” Irina Socol said.
As for the opening of the Dubai company, the general manager of SIVECO says the representative office will also approach nearby countries: Kuwait, Qatar, Oman, Bahrain and Saudi Arabia. The Romanian company has already won several contracts in the region and expects their number and value to rise as Arab countries allocate up to 30-40% of their GDP to education.
(English version by Daniela Stoican)