Romanian software company Zitec estimates a year-on-year increase of 70% in turnover this year and a team of 130 employees, according to Alexandru Lapusan, the company’s manager, cited by local Hotnews.ro.

Zitec had a turnover of EUR 2.3 million in 2013, and for this year, the estimation is of EUR 4 million. The company had some 90 employees at the end of last year, it currently has a staff of 110 and wants to increase the team to 130 by end-2014.

Zitec recently inaugurated a new office space rented in Phoenix Tower building in Bucharest, where it has over 1,700 sqm. Zitec was founded in June 2003.

Irina Popescu, irina.popescu@romania-insider.com