The Turabo Cafe chain, owned by businessman Tudor Dragomir Niculescu, posted turnover worth some 2.3 million euros (3 million dollars) in 2006, tripling in value against figures posted in 2005. "The surge in turnover was due to the opening of new coffee shops, the consolidation of already existing outlets and the opening of the event centre, Turabo Grand Ballroom," said Tudor Dragomir Niculescu, owner and general manager of the company. Niculescu targets turnover worth some 7 million euros (9 million dollars) in 2007. "The opening of at least four coffee shops in Romania in the first half of 2007, as well as the Turabo Grand Ballroom, will support the rise in revenue," said Niculescu. According to the owner of Turabo, the opening of the first Turabo Cafe abroad is one of the biggest challenges the company will face this year. Niculescu is targeting the capitals of the Czech Republic, Poland and other EU member states as foreign markets on which the Turabo business may expand. The opening of a coffee shop entails an investment worth 300,000 euros, according to the company officials, who say they will open the first coffee shop abroad in the August-September period. "We want to analyse the impact that Turabo will have on a new market and only after that we will consider the expansion strategy," added Niculescu.
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