Romania, a regional hub for the software industry

Must Read

The Romanian firefighters are present in France to support the French forces who are fighting the climacteric flames

By rbj Two C-17 Globemaster III aircraft from the Multinational Strategic Transport Unit and a C-27J Spartan aircraft of the...

ROCA Industry announces that its subsidiary Bico Industries will take over the majority stake in the Lithuanian company SmartTech AG

By rbj ROCA Industry, the holding company that brings together the construction materials companies in the ROCA Investments portfolio, announces...

Hungarians fear inflation, but also global recession. The opinion of the Central Bank of Budapest. Viktor Orban’s government expects inflation of 20% in 2022

By rbj Inflation could accelerate to around 20 percent in the coming months, said Barnabás Virág, vice president of Bank...

By Emea Riga
The software industry in Romania recorded a record high of over 9.2 billion euros in 2021, up about 10% from 2020, according to a recent analysis by Keysfin
If in 2020, the threshold of 8.3 billion euros was exceeded, the increase in 2021 shows that software companies have managed to adapt to the pandemic context, continuing the trend of digitization of many important areas in Romania.
“Beyond the major impact of the health crisis, political risks and associated fiscal unpredictability or recent inflationary pressures, the local software industry is consolidating its key role in economic development and turning Romania into a regional hub, one of the fastest growth rates, if not the fastest in the last 10 years, of over 250% “, said Diana Florescu, economic analyst KeysFin, one of the most important providers of business information solutions in Romania.
>>> The software industry in Romania has grown by about 10% compared to 2019 and was 250% above the level of 2010.
>>> In 2020, the software industry has exceeded the threshold of 8.3 billion euros.
>>> In Romania, there were almost 27 thousand software companies active (2020), of which: 25.3 thousand are micro-enterprises, 1.1 thousand small companies, 353 medium companies and 21 large companies.
>>> The 10 largest companies in the industry have accumulated a turnover of approximately 1.4 billion euros.
The workforce can be a contributing factor to the growth of the software industry. And according to the latest data from Eurostat in 2019, Romania ranked 5th as a share of IT graduates out of total IT graduates in the EU. In numbers, out of a total of 158 thousand IT&C graduates at the EU level, Romania has approximately 7,900 IT graduates.
The digitalization process in our country continues the upward trend even in this quite difficult period for companies. And the ever-changing local software industry is proving that it can meet the challenges and contribute to the country’s economy.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -
Latest News

The Romanian firefighters are present in France to support the French forces who are fighting the climacteric flames

By rbj Two C-17 Globemaster III aircraft from the Multinational Strategic Transport Unit and a C-27J Spartan aircraft of the...

ROCA Industry announces that its subsidiary Bico Industries will take over the majority stake in the Lithuanian company SmartTech AG

By rbj ROCA Industry, the holding company that brings together the construction materials companies in the ROCA Investments portfolio, announces that its subsidiary Bico Industries...

Hungarians fear inflation, but also global recession. The opinion of the Central Bank of Budapest. Viktor Orban’s government expects inflation of 20% in 2022

By rbj Inflation could accelerate to around 20 percent in the coming months, said Barnabás Virág, vice president of Bank Magyar Nemzeti. According to the...

The annual inflation rate stagnates. Will the Central Bank succeed in reaching the target for 2022? The BNR missed the inflation target in the...

By rbj The annual inflation rate in July 2022 compared to July 2021 is 15%, slightly decreasing from 15.1%, and compared to December 2021 it...

Topoloveni plum magic, wins another market in Asia, that of Vietnam, through the Discover European Treasures European program

By rbj "Sonimpex Topoloveni continues its presence at international fairs where it promotes the Romanian gastronomic tradition through the "Topoloveni Magiun din prune" Brand. The...
- Advertisement -

More Articles Like This

- Advertisement -