RO economy info

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.