Business News


Riko Expanding in Ukraine

Ljubljana, 05 October (STA) - Riko, a small Slovenian engineering company, is expanding in Ukraine, where it says it has signed contracts with four partners worth EUR 3m this year.

Under the contracts, Riko will supply industrial firms Hydrosila, Turboatom, Vaz and Ukrloprom a variety of technological solutions.

New contracts are in the pipeline already. "We expect to win new deals in the total amount of EUR 20m in Ukraine this year," Riko spokeswoman Polona Lovsin told the STA on Wednesday.

Riko posted sales of EUR 39m last year with a workforce of just 40 employees.

In Slovenia the company is best known for high-end prefabricated houses, but it business also includes technological engineering, energy and environmental solutions, and logistics systems.

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