Romania’s IT sector will end 2006 with a strengthened track record of continued growth and expansion, announced Romania’s General Director for Export Promotion, Minister of Commerce & Economy, Costin Lianu. Lianu noted significant market activity was generated by global IT companies entering Romania’s thriving market.
“As the fastest growing IT market in Europe, Romania is rapidly becoming a favored destination for IT investments,” said Lianu. “Our 2006 investment record demonstrates the optimism global IT companies have about the new business opportunities, as well as the quality and availability of the labor force, the level of education and the competitive labor costs offered by the Romanian market.”
In addition to new market entrants, many market leaders already present in Romania have announced plans for acquisitions of local IT companies and expanding existing business operations.
