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Romania Information Technology Report Q3 2008 - a new market research report on www.companiesandmarkets.com
Romania’s IT market is in a state of rapid development as a result of the stimulus of EU membership and a large influx of EU funds. Indeed the market is currently one of the fastest growing in Europe. Computer sales rose particularly fast in the second half of 2007, and notebook unit sales in the fourth quarter were nearly equivalent to the combined figure for the first three quarters. Total spending on IT products and services was estimated at around US$1.35bn in 2007. IT spending is projected by BMI to increase at a CAGR of 13% through 2012, in which year the IT market will be worth around US$2.4bn. The economic environment remains positive for growth although a downturn in foreign investment could threaten economic stability. Increased competition and privatisations will also provide opportunities in many economic sectors, particularly Banking.
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