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RO economy info

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Romania

Country snapshot :

Capital

Bucharest 

Official languages

Romanian 

Population

19,043,767

Ethnic groups

89 % Romanians

 

7 % Hungarians

 

3  % Roma

 

1  % other minorities

Government

Unitary semi-presidential republic

Area Total

238,391 km2

GDP in PPP

$362.653 billion

GDP per capita in PPP

$17,004 

Currency

Romanian leu

Time Zone

Main Cities

 

Main technology centers

 
International presence

 

 

Main competencies

 

 

 

 

 

 

 

 

EET (UTC+2)

Bucuresti, Iasi, Cluj Napoca, Timisoara,Constanta, Craiova, Galati, Brasov
 
 
 
Bucuresti, Timisoara, ClujNapoca, Iasi, Brasov, Ploiesti, Sibiu, Craiova
 
 
Accenture, Alcatel-Lucent,Apple, Dell Systems, EA Sports, Ericsson, Freescale,Genpact, HP, IBM, Infineon, Intel,Microsoft,Oracle,Siemens, TechTeam, Wipro, WindRive
 
 
 
Business Applications: enterprise management,customer management, production cycle management
 
Embedded Automotive Systems
 
Product Design & Development Tools
 
Development Services
 
Consulting and Implementation
 
Maintenance and Support
 
Specialized Training
 
 
 
 

 

 Outsourcing destination rank worldwide, Bucharest : # 44

  • strategically  located – at the crossing of 3 pan European transport corridors, holding the Eastern border of the inland European Union and at the turning point where EU meets the Balkans and CIS countries.

 

 

 

 

  • represents one of the most important  outsourcing country of Eastern Europe, while many MNC’s have

chosen to relocate projects and departments in this region

 

 

  •   member of NATO since 2004

 

 

 

 

  •   member of  the European Union since 2007 (enabled the country to gain and maintain an economic

advantage as well as tightening the ties with the main exporting countries, also members of the EU, simplifying s legal and financial issues)

  •  among the emerging central and eastern European nations building an industry focused on mobile

 communications, IT, and information and communications technology (ICT)

 

  •  key factor in Romania’s success in the outsourcing field is that a large percentage of the population

 is multilingual: service providers can easily find English, French, German and Italian speaking labor force.

  •  high-quality technical education – 8,000 university graduates / year     
  •  affordable labor and real estate costs and underwent major infrastructure upgrades in recent years
  • economy is projected to grow by 2.7% in 2014 and by 3.5% in 2015
  • Romanian software market has expanded by 5.7% amounting EUR Mil. 572.3

 

 

 

 

 

 

     

Within the last decade Romania has been one of the main outsourcing countries of Eastern Europe, while many MNC’s have chosen to relocate projects and departments in this region. Financially there are many advantages to choose Romania, however, one of the most important assets that you can benefit is the highly-skilled people you can enroll within your ranks. Romania is one of the most attractive markets in Europe for technology investment and outsourcing, with a highly skilled and diversified workforce, competitive prices, and a stimulating business environment.    

 

                                                             

                                                             

 

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