Nicolae Ratiu's printing house expects 7m-euro turnover

RH Printing, the house set up last year by businessman Nicolae Ratiu, forecasts turnover worth 7 million euros for this year, after it posted revenues worth 4 million euros in 2007, derived from operations conducted in the second half of last year. The printing house was built following an 11 million-euro investment, around 4 million of which represented the cost of land, a plot located on Timisoara Boulevard in Bucharest. The remaining sum went to acquisition of equipment, imported from Japan. “In 2008, the turnover will exceed 7 million euros, with around two thirds of the turnover being derived from advertising material. We also publish catalogues for big retailers,” said Catalin Husar, Nicolae Ratiu’s local business partner. The printing house currently has around 140 employees, with around half of them being staff of the printing house established at the beginning of the 1990s by Nicolae Ratiu’s father, Ion Ratiu, leader of PNTCD (National Christian-Democratic Peasants’ Party) party.