Euroweb Romania plans EUR 12 million investments in 2013

Euroweb Romania, part of telecommunications group Turk Telecom, announced plans to invest up to EUR 12 million next year in infrastructure development and products and services portfolio streamlining.

“Despite the difficult economic climate, Euroweb managed this year to report an organic growth of approximately 5 percent. This led the mother company to budget for next year investments of up to EUR 12 million. If we find interesting and viable projects we can invest even more than that,” said Stuart Evers, CEO of Euroweb Romania.

The company plans to expand its staff by up to 20 percent next year, from the 85 people it currently employs. “Romania has the lowest internet tariffs in Europe. Still, if this year’s trend continues, we expect our business to grow by up to 10 percent,” Evers added.