This document provides an overview of Romania and its business service sector, including IT, SSC, and BPO. Some key points:
- Romania has a population of 19.3 million and its capital and largest city is Bucharest. Major industries include IT/technology and outsourcing services.
- The business service sector employs over 131,000 people and has revenues of €4.5 billion, focusing on industries like banking, telecom, and professional services.
- Romania provides a skilled, English-speaking workforce at competitive costs for business services. Cities like Bucharest, Cluj-Napoca, Timisoara, and Iasi are major centers for the sector.
Romania has become a strategic partner for ICT investments due to its high-quality yet cost-effective IT talent pool. The ICT sector in Romania is growing rapidly and is forecast to reach €4 billion by 2020. Romania produces over 7,000 IT graduates annually and has specialized tech hubs in cities like Bucharest, Cluj, Timisoara, and Iasi. Software development costs are significantly lower in Romania compared to Western European countries, making it an attractive location for outsourcing. The government also offers incentives for ICT investments including tax exemptions.
Romania is positioned as a strategic investment destination due to its large and growing domestic market, competitive costs, and strategic location between East and West. It has a highly skilled yet affordable workforce, with many students studying STEM fields. Infrastructure has greatly improved, with developed industrial parks and international airports connecting Romania to major markets. The government offers incentives like tax exemptions and deductions to attract investment.
This document provides information about investing in Bulgaria. It summarizes Bulgaria's key statistics, competitive advantages for business, and sectors for investment opportunities. The main points are:
- Bulgaria has a population of 7.4 million people and its capital and largest city is Sofia. It has a stable economy and is a member of the EU, NATO, and WTO.
- Bulgaria offers many benefits for investors including low taxes, low operating costs, EU market access, skilled labor, and government incentives like tax benefits and workforce training programs. Popular sectors for investment include IT, electronics, machinery, food/beverage, and business process outsourcing.
- The document outlines Bulgaria's macroeconomic indicators, foreign
AT&S Investor and Analyst Presentation August 2016AT&S_IR
AT&S is a leading manufacturer of high-end printed circuit boards and IC substrates. It has 9 production facilities across Europe and Asia. In the first quarter of 2016/17, AT&S' revenue declined due to normal seasonal effects and price pressures while EBITDA was impacted by ramping up new production lines in China. However, excluding start-up costs, margins were near previous levels. The company continues to focus on high-end technologies and applications to drive above-market growth long-term.
What defines us is our desire to be the best. Since 2008 we have been ranked among the top 5 fastest growing economies in the EU, and going forward we are forecast to continue to rise above the EU average. Added to this, our can-do-approach has enabled us to jump eleven places since 2013 for the ease of starting a business to 11th place globally in the World Bank’s Doing Business Report.
Luxoft is considering opening a new delivery center in Guadalajara, Mexico to take advantage of the growing IT talent pool and lower costs compared to other locations in Mexico. Guadalajara has over 2,000 IT graduates annually and hosts offices of many large tech companies. The Mexican government also offers incentives for IT companies including tax credits and reductions. While Guadalajara offers opportunities, there are also challenges to consider like higher total costs than Eastern Europe and legal restrictions on hiring and firing employees.
The document promotes Macedonia as an investment destination, highlighting its competitive advantages such as low taxes, skilled workforce, and pro-business policies. It describes Macedonia's strategic location, infrastructure, political and economic stability. Several sectors are identified as prime opportunities for foreign investment, including automotive, ICT, healthcare, agriculture, and energy. The document also outlines the country's investment incentives such as tax benefits available in Technological Industrial Development Zones.
The value added by the software and IT services sector to Romania’s GDP has reached EUR 3.066 billion in 2015, by 21% higher than the one generated in 2014, according to the data from the Employers’ Association of Software and Services Industry from Romania (ANIS). The modernisation of key economic sectors in Romania will continue to provide IT vendors with opportunities in banking, oil, power and telecommunications. An environment of investment in modernisation is likely to drive growth, particularly in the transport and utilities sectors. The present paper analyses the IT industry in Romania and its latest development.
Romania has become a strategic partner for ICT investments due to its high-quality yet cost-effective IT talent pool. The ICT sector in Romania is growing rapidly and is forecast to reach €4 billion by 2020. Romania produces over 7,000 IT graduates annually and has specialized tech hubs in cities like Bucharest, Cluj, Timisoara, and Iasi. Software development costs are significantly lower in Romania compared to Western European countries, making it an attractive location for outsourcing. The government also offers incentives for ICT investments including tax exemptions.
Romania is positioned as a strategic investment destination due to its large and growing domestic market, competitive costs, and strategic location between East and West. It has a highly skilled yet affordable workforce, with many students studying STEM fields. Infrastructure has greatly improved, with developed industrial parks and international airports connecting Romania to major markets. The government offers incentives like tax exemptions and deductions to attract investment.
This document provides information about investing in Bulgaria. It summarizes Bulgaria's key statistics, competitive advantages for business, and sectors for investment opportunities. The main points are:
- Bulgaria has a population of 7.4 million people and its capital and largest city is Sofia. It has a stable economy and is a member of the EU, NATO, and WTO.
- Bulgaria offers many benefits for investors including low taxes, low operating costs, EU market access, skilled labor, and government incentives like tax benefits and workforce training programs. Popular sectors for investment include IT, electronics, machinery, food/beverage, and business process outsourcing.
- The document outlines Bulgaria's macroeconomic indicators, foreign
AT&S Investor and Analyst Presentation August 2016AT&S_IR
AT&S is a leading manufacturer of high-end printed circuit boards and IC substrates. It has 9 production facilities across Europe and Asia. In the first quarter of 2016/17, AT&S' revenue declined due to normal seasonal effects and price pressures while EBITDA was impacted by ramping up new production lines in China. However, excluding start-up costs, margins were near previous levels. The company continues to focus on high-end technologies and applications to drive above-market growth long-term.
What defines us is our desire to be the best. Since 2008 we have been ranked among the top 5 fastest growing economies in the EU, and going forward we are forecast to continue to rise above the EU average. Added to this, our can-do-approach has enabled us to jump eleven places since 2013 for the ease of starting a business to 11th place globally in the World Bank’s Doing Business Report.
Luxoft is considering opening a new delivery center in Guadalajara, Mexico to take advantage of the growing IT talent pool and lower costs compared to other locations in Mexico. Guadalajara has over 2,000 IT graduates annually and hosts offices of many large tech companies. The Mexican government also offers incentives for IT companies including tax credits and reductions. While Guadalajara offers opportunities, there are also challenges to consider like higher total costs than Eastern Europe and legal restrictions on hiring and firing employees.
The document promotes Macedonia as an investment destination, highlighting its competitive advantages such as low taxes, skilled workforce, and pro-business policies. It describes Macedonia's strategic location, infrastructure, political and economic stability. Several sectors are identified as prime opportunities for foreign investment, including automotive, ICT, healthcare, agriculture, and energy. The document also outlines the country's investment incentives such as tax benefits available in Technological Industrial Development Zones.
The value added by the software and IT services sector to Romania’s GDP has reached EUR 3.066 billion in 2015, by 21% higher than the one generated in 2014, according to the data from the Employers’ Association of Software and Services Industry from Romania (ANIS). The modernisation of key economic sectors in Romania will continue to provide IT vendors with opportunities in banking, oil, power and telecommunications. An environment of investment in modernisation is likely to drive growth, particularly in the transport and utilities sectors. The present paper analyses the IT industry in Romania and its latest development.
The document summarizes key findings from an OECD report on infrastructure needs and investment opportunities to the year 2030. It estimates that annual global infrastructure investment requirements between 2003-2030 will average $3-4 trillion USD, or 1-1.5% of global GDP, with water and electricity needs making up over half of that total. It also identifies challenges in meeting these needs, such as declining public capital investment, rising social welfare costs, and the need for innovative financing models and policies.
The document summarizes key findings from the 2017 OECD Economic Survey of Austria. It finds that while Austria's economy is growing again, digital adoption remains below expectations. Public debt is high but falling, though population aging will increase fiscal pressures. Gender imbalance in the labor force persists, and low-skilled workers face higher unemployment. The survey recommends Austria increase retirement ages, undertake spending reviews, streamline regulations to boost growth, and ensure an inclusive transition to the digital economy through skills training.
This document discusses Bulgaria's software industry and the work of BASSCOM, the Bulgarian Association of Software Companies. It notes that while Bulgarian IT companies initially competed based on low costs, cost is no longer the primary competitive advantage. It emphasizes that continuous talent management, process improvement, and international branding are now key. The document provides details on BASSCOM's activities promoting the software sector, including education, research projects, surveys of the industry, and international partnerships.
Cluj 2030 a vision on IT - will it thrive or will it flop - Mihai NadasITCamp
Today, Cluj-Napoca is often compared to Silicon Valley for it’s thriving IT economy. In recent years, costs surged while sector unemployment shelved at virtually 0%.
Despite our local sector’s lavish prosperity, a fundamental and sometimes unspoken question about it’s sustainable future lingers.
Expect as session with hypothesis, facts, stats, comparisons and a downright argument regarding Mihai’s personal view on the matter.
As a member of the audience you will have the opportunity to engage in the conversation and, depending on the stage of your career, define the right strategy looking forward.
The document summarizes key findings from a 2007 OECD report on infrastructure needs and investment opportunities to the year 2030. It outlines estimates for required annual investment in various infrastructure sectors such as transportation, water, electricity, and telecommunications. Key challenges identified include the need for innovative financing models, improved regulations, strategic planning, technology development, and expanded policy tools to help close the estimated infrastructure investment gap in OECD countries to 2030.
AT&S Investor and Analyst Presentation February 2017AT&S_IR
AT&S is a leading manufacturer of high-end printed circuit boards and IC substrates. The company has 6 production plants in Europe and Asia. In the past fiscal year, AT&S generated €762.9 million in revenue with 5.2% organic growth. The company is strategically focused on high-end technologies and applications with above average growth potential. AT&S aims to strengthen its technology leadership position and achieve long-term profitable growth and shareholder value.
AT&S Investor and Analyst Presentation March 2017 AT&S_IR
AT&S presented an investor and analyst presentation covering the company's strategy and financials. The presentation included:
1) An overview of AT&S' position as a leading manufacturer of high-end printed circuit boards and IC substrates for applications in mobile devices, automotive, industrial, medical, and semiconductors.
2) Details on AT&S' strategic focus on high-end technologies and applications with above average growth potential and long-term profitability.
3) Financial highlights showing AT&S' track record of revenue growth and margins above industry levels, as well as investments in new production capacity, particularly in Chongqing, China.
The document discusses taxation issues related to the ICT sector. It outlines several objectives and interventions that could be taken by governments and institutions to optimize taxation for economic growth. These include designing tax regimes focused on economic growth over short-term revenue goals, analyzing the impact of increasing or decreasing excise duties, and shifting business models from fee-based to financial intermediation. Lowering ICT sector taxes is linked to increased GDP growth and jobs. Case studies from Kenya show how high ICT taxes can limit economic growth, and lowering excise duties may actually increase tax revenues in the long run. Mobile money also brings significant economic benefits by facilitating financial inclusion, but taxes on transaction values could quickly consume the money supply.
AT&S Investor and Analyst Presentation April 2017AT&S_IR
The document provides an overview of AT&S, a leading manufacturer of printed circuit boards and IC substrates. It discusses AT&S' strategy, market positioning, technologies, growth projects, and key financial figures. Specifically:
- AT&S focuses on high-end technologies for applications in mobile devices, automotive, industrial, medical, and semiconductors.
- It aims to strengthen its technology leadership, achieve long-term profitable growth, and generate shareholder value.
- Major growth projects include new IC substrate and substrate-like PCB production lines in Chongqing, China.
- Financially, AT&S has achieved sound revenue growth and margins above industry averages,
AT&S Investor and Analyst Presentation November 2016AT&S_IR
AT&S is a leading manufacturer of high-end printed circuit boards and IC substrates. It has 6 production plants in Europe and Asia. In the first half of 2016/17, AT&S achieved stable revenue but lower profitability due to ramping up new production lines in China. While revenue was balanced by the first contributions from China, earnings before interest, taxes, depreciation, and amortization (EBITDA) was impacted by start-up costs. Excluding these costs, the adjusted EBITDA margin remained nearly as high as the previous year. The company continues to focus on high-end technologies and applications to strengthen its technology leadership.
Business Climate and Investment Opportunities in the Republic of MacedoniaJsurna
This document provides an overview of investment opportunities and incentives for foreign investors in Macedonia. It highlights Macedonia's strategic location, low taxes, competitive costs, educated workforce, and political/economic stability. Specific opportunities mentioned include manufacturing sectors like automotive components, ICT, medical devices, agribusiness, and tourism. Technological Industrial Development Zones offer tax incentives and infrastructure to investors and help connect Macedonia to European markets.
The document discusses several locations for offshore outsourcing destinations in Europe, the Middle East, Africa, and Asia Pacific regions. It provides details on the key cities such as Bucharest, Romania; Prague, Czech Republic; Cairo, Egypt; Cracow, Poland; Metro Manila, Philippines; Dalian, China; and Ho Chi Minh City, Vietnam. For each location, it mentions the available talent pool, costs, incentives, infrastructure, challenges, and companies that outsource to those cities. The document concludes with ratings of different locations from various reports and recommends Romania, Poland, China and Philippines as top considerations.
AT&S Investor and Analyst Presentation January 2017AT&S_IR
AT&S is a leading manufacturer of high-end printed circuit boards and IC substrates. It has 6 production plants in Europe and Asia. In the first half of 2016/17, AT&S achieved revenue of €737 million, stable compared to the previous year. EBITDA was impacted by ramping up new plants in China but was 24% when adjusted for these effects. AT&S is investing €480 million in its new Chongqing site in China to expand production capacity for IC substrates and substrate-like PCBs, with the goal of strengthening its technology leadership and achieving long-term profitable growth.
AT&S Investor and Analyst Presentation September 2016AT&S_IR
AT&S is a leading manufacturer of high-end printed circuit boards and IC substrates. It has a strong focus on advanced interconnect solutions for applications in mobile devices, automotive, industrial, and medical sectors. AT&S aims to strengthen its technology leadership position and achieve long-term profitable growth and high profitability. Key strategies include focusing on high-end technologies and applications with above average growth potential.
AT&S Investor and Analyst Presentation December 2016AT&S_IR
AT&S is a leading manufacturer of high-end printed circuit boards and IC substrates. It has 6 production plants across Europe and Asia. The company focuses on advanced interconnect solutions for applications in mobile devices, automotive, industrial, and medical sectors. AT&S aims to strengthen its technology leadership position and achieve long-term profitable growth. Its strategy is focused on high-end technologies, highest customer service, operational excellence, and cash flow generation. The company has outperformed the broader PCB market in recent years and intends to continue doing so in the future.
The document provides an overview of AT&S, a leading manufacturer of printed circuit boards and IC substrates. Some key points:
- AT&S focuses on high-end technologies for applications in mobile devices, automotive, industrial, and medical sectors.
- They have production facilities in Europe and Asia, with the majority of revenue now coming from Asian production.
- Their strategic focus is on innovative interconnect solutions to support trends like miniaturization and the Internet of Things.
- A new plant in Chongqing, China will allow them to expand into new technologies like IC substrates and substrate-like PCBs.
AT&S Investor and Analyst Presentation October 2016AT&S_IR
AT&S is a leading manufacturer of high-end printed circuit boards and IC substrates. It has six production plants in Europe and Asia. In the past fiscal year, AT&S achieved revenue of €762.9 million with continuous above-market growth and an EBITDA margin of 22%. The company is focusing on high-end technologies and applications with a strategic investment of €480 million in its new Chongqing, China plant to expand production of IC substrates and substrate-like PCBs. While revenue declined in the most recent quarter due to seasonal factors and price pressure, AT&S remains profitable with a adjusted EBITDA margin of over 20% excluding ramp-up costs in Chongqing.
The document is a company presentation for AT&S, a leading manufacturer of printed circuit boards and IC substrates. It provides an overview of AT&S, including its strategy, competitive advantages, global footprint, key financials, and positioning in high-end interconnection technologies. AT&S focuses on advanced applications in mobile devices, automotive, industrial, and medical sectors. It aims to strengthen its technology leadership and achieve long-term profitable growth through operational excellence.
How to Manage Your Lost Opportunities in Odoo 17 CRMCeline George
Odoo 17 CRM allows us to track why we lose sales opportunities with "Lost Reasons." This helps analyze our sales process and identify areas for improvement. Here's how to configure lost reasons in Odoo 17 CRM
The document summarizes key findings from an OECD report on infrastructure needs and investment opportunities to the year 2030. It estimates that annual global infrastructure investment requirements between 2003-2030 will average $3-4 trillion USD, or 1-1.5% of global GDP, with water and electricity needs making up over half of that total. It also identifies challenges in meeting these needs, such as declining public capital investment, rising social welfare costs, and the need for innovative financing models and policies.
The document summarizes key findings from the 2017 OECD Economic Survey of Austria. It finds that while Austria's economy is growing again, digital adoption remains below expectations. Public debt is high but falling, though population aging will increase fiscal pressures. Gender imbalance in the labor force persists, and low-skilled workers face higher unemployment. The survey recommends Austria increase retirement ages, undertake spending reviews, streamline regulations to boost growth, and ensure an inclusive transition to the digital economy through skills training.
This document discusses Bulgaria's software industry and the work of BASSCOM, the Bulgarian Association of Software Companies. It notes that while Bulgarian IT companies initially competed based on low costs, cost is no longer the primary competitive advantage. It emphasizes that continuous talent management, process improvement, and international branding are now key. The document provides details on BASSCOM's activities promoting the software sector, including education, research projects, surveys of the industry, and international partnerships.
Cluj 2030 a vision on IT - will it thrive or will it flop - Mihai NadasITCamp
Today, Cluj-Napoca is often compared to Silicon Valley for it’s thriving IT economy. In recent years, costs surged while sector unemployment shelved at virtually 0%.
Despite our local sector’s lavish prosperity, a fundamental and sometimes unspoken question about it’s sustainable future lingers.
Expect as session with hypothesis, facts, stats, comparisons and a downright argument regarding Mihai’s personal view on the matter.
As a member of the audience you will have the opportunity to engage in the conversation and, depending on the stage of your career, define the right strategy looking forward.
The document summarizes key findings from a 2007 OECD report on infrastructure needs and investment opportunities to the year 2030. It outlines estimates for required annual investment in various infrastructure sectors such as transportation, water, electricity, and telecommunications. Key challenges identified include the need for innovative financing models, improved regulations, strategic planning, technology development, and expanded policy tools to help close the estimated infrastructure investment gap in OECD countries to 2030.
AT&S Investor and Analyst Presentation February 2017AT&S_IR
AT&S is a leading manufacturer of high-end printed circuit boards and IC substrates. The company has 6 production plants in Europe and Asia. In the past fiscal year, AT&S generated €762.9 million in revenue with 5.2% organic growth. The company is strategically focused on high-end technologies and applications with above average growth potential. AT&S aims to strengthen its technology leadership position and achieve long-term profitable growth and shareholder value.
AT&S Investor and Analyst Presentation March 2017 AT&S_IR
AT&S presented an investor and analyst presentation covering the company's strategy and financials. The presentation included:
1) An overview of AT&S' position as a leading manufacturer of high-end printed circuit boards and IC substrates for applications in mobile devices, automotive, industrial, medical, and semiconductors.
2) Details on AT&S' strategic focus on high-end technologies and applications with above average growth potential and long-term profitability.
3) Financial highlights showing AT&S' track record of revenue growth and margins above industry levels, as well as investments in new production capacity, particularly in Chongqing, China.
The document discusses taxation issues related to the ICT sector. It outlines several objectives and interventions that could be taken by governments and institutions to optimize taxation for economic growth. These include designing tax regimes focused on economic growth over short-term revenue goals, analyzing the impact of increasing or decreasing excise duties, and shifting business models from fee-based to financial intermediation. Lowering ICT sector taxes is linked to increased GDP growth and jobs. Case studies from Kenya show how high ICT taxes can limit economic growth, and lowering excise duties may actually increase tax revenues in the long run. Mobile money also brings significant economic benefits by facilitating financial inclusion, but taxes on transaction values could quickly consume the money supply.
AT&S Investor and Analyst Presentation April 2017AT&S_IR
The document provides an overview of AT&S, a leading manufacturer of printed circuit boards and IC substrates. It discusses AT&S' strategy, market positioning, technologies, growth projects, and key financial figures. Specifically:
- AT&S focuses on high-end technologies for applications in mobile devices, automotive, industrial, medical, and semiconductors.
- It aims to strengthen its technology leadership, achieve long-term profitable growth, and generate shareholder value.
- Major growth projects include new IC substrate and substrate-like PCB production lines in Chongqing, China.
- Financially, AT&S has achieved sound revenue growth and margins above industry averages,
AT&S Investor and Analyst Presentation November 2016AT&S_IR
AT&S is a leading manufacturer of high-end printed circuit boards and IC substrates. It has 6 production plants in Europe and Asia. In the first half of 2016/17, AT&S achieved stable revenue but lower profitability due to ramping up new production lines in China. While revenue was balanced by the first contributions from China, earnings before interest, taxes, depreciation, and amortization (EBITDA) was impacted by start-up costs. Excluding these costs, the adjusted EBITDA margin remained nearly as high as the previous year. The company continues to focus on high-end technologies and applications to strengthen its technology leadership.
Business Climate and Investment Opportunities in the Republic of MacedoniaJsurna
This document provides an overview of investment opportunities and incentives for foreign investors in Macedonia. It highlights Macedonia's strategic location, low taxes, competitive costs, educated workforce, and political/economic stability. Specific opportunities mentioned include manufacturing sectors like automotive components, ICT, medical devices, agribusiness, and tourism. Technological Industrial Development Zones offer tax incentives and infrastructure to investors and help connect Macedonia to European markets.
The document discusses several locations for offshore outsourcing destinations in Europe, the Middle East, Africa, and Asia Pacific regions. It provides details on the key cities such as Bucharest, Romania; Prague, Czech Republic; Cairo, Egypt; Cracow, Poland; Metro Manila, Philippines; Dalian, China; and Ho Chi Minh City, Vietnam. For each location, it mentions the available talent pool, costs, incentives, infrastructure, challenges, and companies that outsource to those cities. The document concludes with ratings of different locations from various reports and recommends Romania, Poland, China and Philippines as top considerations.
AT&S Investor and Analyst Presentation January 2017AT&S_IR
AT&S is a leading manufacturer of high-end printed circuit boards and IC substrates. It has 6 production plants in Europe and Asia. In the first half of 2016/17, AT&S achieved revenue of €737 million, stable compared to the previous year. EBITDA was impacted by ramping up new plants in China but was 24% when adjusted for these effects. AT&S is investing €480 million in its new Chongqing site in China to expand production capacity for IC substrates and substrate-like PCBs, with the goal of strengthening its technology leadership and achieving long-term profitable growth.
AT&S Investor and Analyst Presentation September 2016AT&S_IR
AT&S is a leading manufacturer of high-end printed circuit boards and IC substrates. It has a strong focus on advanced interconnect solutions for applications in mobile devices, automotive, industrial, and medical sectors. AT&S aims to strengthen its technology leadership position and achieve long-term profitable growth and high profitability. Key strategies include focusing on high-end technologies and applications with above average growth potential.
AT&S Investor and Analyst Presentation December 2016AT&S_IR
AT&S is a leading manufacturer of high-end printed circuit boards and IC substrates. It has 6 production plants across Europe and Asia. The company focuses on advanced interconnect solutions for applications in mobile devices, automotive, industrial, and medical sectors. AT&S aims to strengthen its technology leadership position and achieve long-term profitable growth. Its strategy is focused on high-end technologies, highest customer service, operational excellence, and cash flow generation. The company has outperformed the broader PCB market in recent years and intends to continue doing so in the future.
The document provides an overview of AT&S, a leading manufacturer of printed circuit boards and IC substrates. Some key points:
- AT&S focuses on high-end technologies for applications in mobile devices, automotive, industrial, and medical sectors.
- They have production facilities in Europe and Asia, with the majority of revenue now coming from Asian production.
- Their strategic focus is on innovative interconnect solutions to support trends like miniaturization and the Internet of Things.
- A new plant in Chongqing, China will allow them to expand into new technologies like IC substrates and substrate-like PCBs.
AT&S Investor and Analyst Presentation October 2016AT&S_IR
AT&S is a leading manufacturer of high-end printed circuit boards and IC substrates. It has six production plants in Europe and Asia. In the past fiscal year, AT&S achieved revenue of €762.9 million with continuous above-market growth and an EBITDA margin of 22%. The company is focusing on high-end technologies and applications with a strategic investment of €480 million in its new Chongqing, China plant to expand production of IC substrates and substrate-like PCBs. While revenue declined in the most recent quarter due to seasonal factors and price pressure, AT&S remains profitable with a adjusted EBITDA margin of over 20% excluding ramp-up costs in Chongqing.
The document is a company presentation for AT&S, a leading manufacturer of printed circuit boards and IC substrates. It provides an overview of AT&S, including its strategy, competitive advantages, global footprint, key financials, and positioning in high-end interconnection technologies. AT&S focuses on advanced applications in mobile devices, automotive, industrial, and medical sectors. It aims to strengthen its technology leadership and achieve long-term profitable growth through operational excellence.
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How to Manage Your Lost Opportunities in Odoo 17 CRMCeline George
Odoo 17 CRM allows us to track why we lose sales opportunities with "Lost Reasons." This helps analyze our sales process and identify areas for improvement. Here's how to configure lost reasons in Odoo 17 CRM
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His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
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Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
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Find out more about ISO training and certification services
Training: ISO/IEC 27001 Information Security Management System - EN | PECB
ISO/IEC 42001 Artificial Intelligence Management System - EN | PECB
General Data Protection Regulation (GDPR) - Training Courses - EN | PECB
Webinars: https://pecb.com/webinars
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This presentation includes basic of PCOS their pathology and treatment and also Ayurveda correlation of PCOS and Ayurvedic line of treatment mentioned in classics.
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2. 2004 - NATO membership
2007 - EU membership
Strategic US-Romanian
partnership
Area:
238,391 km2
Capital:
Bucharest
Population:
19.3M
(1st Jan 2020)
Currency: RON
RON/EUR: 4.84
RON/USD: 4.24
(averages 2020)
Bridge between East and
West for 500M
consumers market
GDP Growth -3.9%
FDI flows € 1.9B
FDI stock € 87.5B
Romania - Country overview
2020
Bucharest Metropolitan
Area: ~3M
Romania is located in
the GMT+2 time zone
3. GDP growth (%)
* Forecast: National Commission of Strategy and Prognosis
(Source: National Institute of Statistics)
2009
2010
4.7
8.0
7.2
9.3
-5.5
-3.9
2.0 2.1
3.5 3.4 3.9
4.8
7.1
4.4 4.1
-3.9
5.0
2005 2006 2007 2008 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021*
4. Note: Austria, Denmark, Italy, Cyprus, Finland and Sweden have no national minimum wage (Source: Eurostat)
Minimum Wage in EU
332
442 458 500
563 579 584 614 623 642
758 776 785
1024
1108
1555
1614 1626
1685 1724
2,202
Minimum Monthly Gross Wage in EU
January 2021 (EUR)
6. Tax
System
Social Security
Employer
Employee
35%
R&D - 0% income tax for employees
Deduction of R&D eligible expenses:
depreciation of R&D equipment, salaries for R&D
personnel; 50% of these expenses can be deducted
from the taxable income
* from taxable profit
Dividends are distributed to shareholders each
quarter based on interim financial statements
and annually
2.25
%
Dividend Tax Rate
Corporate Tax*
16%
2015 2016
VAT
9% - foodstuffs, pharmaceutical products, water
supplies, some agricultural supplies
5% - hotel accommodation, restaurants & catering
services
2017/2021
IT&C - 0% income tax for employees
BA - 6 technical specializations available
Employee is hired on a software
engineer/programmer/ software analyst position
Annual revenue per exempted employee must be over
USD 10,000
24% 20% 19%
Personal lncome Tax Reinvested Profit tax
10% 0%
The Romanian tax system
5%
7. (Source: Numbeo, May 2021)
Consumer Prices without rent
PARIS
Rent Prices
Restaurant Prices
Groceries Prices
Standard of living
equivalency net salary
BUCHAREST
€1993 €4961
€216
€100
€352
€100
€217
€100
€253
€100
Value for money
LONDON
€3677
€167
€239
€173
€188
SAN FRANCISCO
€221
€760
€225
€273
€6997
8. (Source: Numbeo, May 2021)
Rent Prices
Restaurant Prices
Groceries Prices
Standard of living
equivalency net salary
Value for money
Consumer Prices without rent
PRAGUE
BUCHAREST WARSAW
BERLIN
€1993
€100
€100
€100
€100
€170
€244
€160
€170
€3749 €2731
€120
€191
€114
€113
€2769
€126
€181
€101
€128
9. Communication prices
176 175
150
149
132
128 124 121 120 119 118 111 107 107 106 104 104 100 99 99 93 87 85
77 76 71
51
38
0
50
100
150
200
Communication price in the EU
(2019, EU=100)
Communication prices include prices for telephone and telefax equipment, internet access provision, postal, wired telephone, wireless telephone,
bundled telecommunication and other information transmission services.
In 2019, communication prices were highest in Belgium (with a price level index of 176) and lowest in
Romania (with a price level index of 38).
(Source: ec.europa.eu/Eurostat)
10. (Source: ABSL, NIS, Eurostat)
Languages studied by Romanian students
99%
• 99% of the Romanian high school students study two or more foreign languages
• Main languages: English, French, German and Spanish, with high interest for Italian,
Japanese or Nordic languages
University students in Romania are proficient in (% of the total):
90% 26% 17% 8% 5%
Proficiency
11. (Source: National Institute of Statistics)
= City 50,000 – 100,000 inhabitants
= City > 100,000 inhabitants
Arad
Bacau
Baia Mare
Botosani
Braila
Brasov
Bucharest
Buzau
Cluj-Napoca
Constanta
Craiova
Drobeta-Turnu Severin
Focsani Galati
Oradea
Piatra Neamt
Pitesti
Ploiesti
Ramnicu Valcea
Satu Mare
Sibiu
Suceava
Targu Mures
Timisoara
Alba Iulia
Barlad
Bistrita
Calarasi
Deva
Giurgiu
Hunedoara
Medias
Onesti
Resita
Roman
Sfantul Gheorghe
Slatina
Slobozia
Targoviste
Targu Jiu
Tulcea
Turda
Vaslui
Zalau
Iasi
Top 5 University centers
Students
enrolled* 560,490/graduated** 130,271
Bucharest - 31 Universities
(177,718 enrolled students/43,315 graduated)
Cluj-Napoca - 9 Universities
(72,786 enrolled students/15,852 graduated)
Iasi - 7 Universities
(56,889 enrolled students/12,032 graduated)
Timisoara - 6 Universities
(43,582 enrolled students/9,133 graduated)
Constanta - 5 Universities
(22,142 enrolled students/5,165 graduated)
Talent pool
Academic year *2020-2021; **2019-2020
12. 76 destinations, over 30 countries
worldwide, registered in 2019
16 international airports and 8 major ports
Constanta Port - the deepest and largest
port at the Black Sea
(Source: National Institute of Statistics)
Satu
Mare
Oradea
Suceava
Timisoara
Craiova
Sibiu
Targu
Mures
Cluj-Napoca Bacau
Iasi
Bucharest
Otopeni
Drobeta
Turnu-Severin
Giurgiu
Mangalia
Constanta
Sulina
Tulcea
Braila
Galati
Baia
Mare
Arad
Brasov
M.Kogalniceanu International Fligths
Ports
Under construction
13. City
Stock
(end-2019,
000S sqm)
Vacancy rate
(end-2019,
%)
Office
pipeline
(Jul 2020,
Dec 21
000S sqm)
Modern office
buildings
rent
(EUR/sqm)
Cluj-Napoca 266 7% 12 12.5-14.5
Timisoara 217 16% 78.4 12.5-14
Iasi 176 9.5% 89.2 12-14
Brasov 166 9% 26 11-13
(Source: Colliers International)
Regional cities continue to remain a step ahead of Bucharest
thanks to less tight labour markets and though most continue
to score lower vacancies than Bucharest, the occupancy rate
increased in almost all cities compared to end-2019.
Cluj-Napoca was the exception, where the vacancy was flat at
around 7%.
Timisoara and Iasi shot up the most, amid some new
deliveries, as well as slower rental scene.
Romania’s largest office markets outside Bucharest
Office market
15-16
12%
Piata Presei/Expozitiei
Pipera
8-10
37%
11-13
15%
Otopeni/Baneasa
14-16
7% Floreasca
Barbu Vacarescu
D. Pompeiu
11-13
9%
Aviatorilor
16-18
7%
Victoriei
16-18
8%
Universitate
14-16
13%
Izvor
14-16
8%
Eroilor
Unirii
Pacii
10-11
6%
P.Poenaru
13-15
11%
Grozavesti
Politehnica
Vitan
12-14
12%
Piata Muncii
Timpuri Noi
Piata Sudului
11-13
8%
Eroii Revolutiei
Romana
Rents June 2020 (€/sqm/month)
Vacancy Rate
Bucharest
Office Rents
14. Time convenience – Romania is ideally located in the GMT+2 time zone, enabling easy, real-
time communication with all European companies. Developers can also work efficiently with
U.S. clients during the day (2-3 hours of overlap).
Ease of travel – Romania is easy to reach with a 2-3 hour flight from Frankfurt or London.
Several major cities have international airports.
IT companies can save up to 50% – 60% in labor costs when outsourcing to Romania,
depending on the developer’s profile type and seniority.
Competitive prices in IT outsourcing – the average net salaries of Romanian employees
working in the data technology sector is the lowest in the IT industry worldwide.
(Source: Pentalog)
Why Romania?
15. Young workforce compared to other European countries
Highly skilled and diversified workforce, competitive
prices, stimulating business environment
High level of foreign languages. English, the most used
language in delivering services, followed by French,
German, Italian, Spanish and Dutch
#17 out of 100 countries by “High proficiency” within EF
English Proficiency Index 2020, the world's largest
ranking of countries by English skills
Average attrition level in BSS sector:
2017 - 2019: 22%
January - June 2020: 12%
Estimated number of jobs in the next 5 years: 220,000
(Source: Association of Business Service Leaders)
Market overview
131,000
Employees in BSS
1.5% of Romania’s working population
280
Companies in BSS
€ 4.5 bn
revenues in BSS - 2020
(2-2,5% of the GDP)
64,000
university graduates
Large centers: Bucharest, Cluj-Napoca, Timisoara, Iasi,
Brașov. They account for 86% of the local software
industry turnover.
Medium centers: Sibiu, Craiova, Bacău, Târgu Mureș,
Suceava, Galați, Constanța, Ploiesti, Pitesti, Arad, Oradea,
Baia Mare
In the last years we can observe an increase in
diversification of services, intelligent automation
adoption, focus on data analytics, digital incorporation
into the business model and so on
Top serviced sectors: Technology & Telecom; Banking,
Insurance & Financial Services; Business & Professional
Services
16. 202,000 IT&C professionals
(45% under the age of 34 years old)
139,000 have a university degree
30,000 graduates/year from IT high schools
7,000 graduates/year from IT&C related universities
2,000 people/year are retrained for IT jobs
5 top technical universities
59 domain-specific universities
High degree of mathematical skills
IT education programs sponsored by companies
The development of the IT sector has made it an
enabler for the automotive sector, the aerospace
industry, the chemical industry, agriculture and many
others as part of the "Industry 4.0“
IT&C sector overview
(Source: ANIS, 2020)
159 mil €
investments in 2019
20 mil €
yearly growth of
investments
1,000
New companies
each year
10% of the total number of companies are having
foreign capital
73% of the sector revenue is generated by
companies with foreign capital
20% y-o-y increase on the number of foreign
capital companies
12,000
Software & Services
companies
Companies
Workforce
17. 72% of the revenues are generated by exports (4,6 bn)
20% annual export growth rate
90% of exports towards EU countries
Good spread of IT developed regions across the country: South (Bucharest, Craiova), Center
(Cluj-Napoca, Brasov, Sibiu, Târgu Mureș), West (Timisoara, Oradea), North East (Iasi)
Software and IT Services Market
constant
annual growth
€ 6 bln
in 2019
5.7%
from GDP
€ 500
mil
High productivity
€50.000/employee/year
IT&C sector overview
(Source: ANIS, 2020)
18. Estimated number of jobs within the next years: 220.000
Average y-o-y wage inflation in the sector (dependent on IT and language skills): 4-6%
Best performing companies in software: Oracle Romania, IBM Romania, Ericsson
Telecommunications Romania, Bitdefender, Endava Romania
The Pandemic triggered an unprecedented development of the digitalization process, as many
companies have shifted towards enhanced software solutions for a better match-making with
the client needs
Romania ranks 3rd in the Digital Nomad Index by CircleLoop’s with one of the fastest-growing
information technology markets in Central and Eastern Europe, enjoying some of the cheapest
average monthly costs of fixed-line broadband packages ($8.15) and a cheap and reliable
internet access
IT&C sector overview
(Source: ABSL-Business Services Sector in Romania 2021, Keysfin, Circleloop)
19. (Source: Association of Business Service Leaders, Eurostat)
* for a normal work schedule of an average of 167,333 hours per month
BSS wages & labor cost
The current minimum national gross salary per month, for employees having higher education
and minimum 1-year work experience in the field of studies is EUR 488
Wages offered at entry level in the BSS* industry are 30% higher compared to the minimum
wage, for employees with higher education
Seniors in large IT hubs can earn more than EUR 4000 net per month
Hourly labour cost (EUR) in enterprises with 10 or more employees - Services Sector 2020:
EUR 8.3
20. (Source: BiznesPolska, CEE Business Services Directory 2019; TCS)
IT & Outsourcing centers
3 Pillar Global
8&8 Research and Innovations
Accesa IT Consulting
Accesa IT Systems
Altran Romania
Arobs Transilvania Software
Artsoft Consult
Belfair Romania Development
Bombardier Transportation SSC
Bosch R&D
Montran
Moonwalk Solutions
MSG Systems Romania
National Instruments
Neusoft EDC
Nordlogic Software
NTT DATA Romania S.A.
Office depot Service Center
Property Shark
Quantic Lab
Uniqa Raiffeisen Software
VE Interactive
Brasov
Wolters Kluwer Financial Services
Yonder
Emerson
Endawa Romania
Evozon Systems
Fortech
Frequentis Romania
Genpact
Imprezzio Global
iquest Technologies
ISDC Romania
Language Weaver
RBH Consulting
Recognos Romania
Ria Solutions
Small Footprint
Softech
Softvision
Stratec Biomedical
Thompsons Online Benefits
Tora Trading Services
Ullink
1&1 Internet Development
Accenture
ADP Centre of Excellence
Alten Si-Techno Romania
Amber Studio
Arezzo Sky
Ariston Thermo
Atalian Global Services
Avira Soft
Axway Romania s.r.l.
Carestream EMEA SSC
Cegeka Romania
Class IT Outsourcing
Computer Generated Solutions
Conectys
Crys Computers
DB Global Technology Center
DB Schenker
DB Schenker Services Europe
Deutsche Telekom B.S.
Ericsson Global Services Center
Ericsson Telecommunications
Everymatrix
Gameloft Romania
Global Remote Services
High-Tech Systems & Software
Homerun Ciero
HP GeBOC
IBM Global Business Services
Info World
Informatica Feroviara SA
ING Services Romania
Ingenio Software SA
Ixia
Kellogg
Kepler – Rominfo SA
Luxoft Professional
Mellon Romania
Mood Media Romania
Nobug Consulting
NTT DATA Romania S.A.
OMV Petrom Solutions
Optaros
Oracle
Premium IT Technologies
Printec Group Romania
Procter&Gamble GBS
Qualitance QBS
S&T Romania
Samsung Shared Services
Siemens Romania
Siveco Romania
Societe Generale European B.S.
Softvision
Sparkware Technologies
Stefanini
Tata Consultancy Services
Teamnet Solutions International
Teleperformance
Tellence Technologies
TELUS International
Temenos SSC
TMF Group Romania
Ubisoft
Vauban IT RO
Veeam Software
Vodafone Shared Services
Walter Services
Wipro Technologies
WNS Global Services
Xerox
Yokogawa Europe B.V.
Zitec Com
Timisoara
Cluj-Napoca
Iasi
Bucharest
Accenture – Energyquote
Almaviva
Amazon
Arcadis
Asset Portofolio Romania
Atexis
Autoliv
Basware
Beenear
Bitdefender
Capgemini
Cegeka
Centric IT Solutions
Code 40 Development
Conduent Business Services
Continental
Distribution Toiture Mauricienne
E.ON Business Services
Endava EOS KSI
Expert Network
Fire Credit
Focality
Gemini CAD Systems
GFK
Go Daddy
Iasi Security Software
Levi 9
Mind Software
MIOS Romania
Ness Romania
NTT DATA Romania
OM Iasi
Oracle
OSF Global
Pentalog
Preh
Romsoft
SCC Services Romania
Silicon Service
Softvision
Sonovision Romania
TEC Telecom
Thinslices Development
Unicredit B.I.S.
Veo
VS Comunication
Webhelp
Xerox Romania
Arvato Services
Autoliv Romania
Cerner
Continental
Elektrobit Automotive
Iquest Technologies
Kronsoft Development
NTT DATA Romania S.A.
Pentalog Romania
Preh
Siemens Industry Software
Stabiplan
Synertrade
Tata Technologies
Waters Romania
ACI Worldwide
Alcatel Lucent
Atoss Software
Berg Computers
Bosch Communication Center
Continental Automotive
Datagroup-INT
Infobest Romania
Intel Software Development
Intelligent Software Systems
ISB Rom
NTT DATA Romania S.A.
Saguaro Print
Sphinx IT
SSI Schaefer
Survey Sampling Ro
Syonic
Toluna Romania
Wipro Technologies Romania
ZTE Services Romania
Brasov
21. Company
Turnover
(mil. RON)
Profit/Loss
(mil. RON)
Employee Majority
shareholdings
2019 2018 2019 2018 2019 2018
NETWORK ONE
DISTRIBUTION
1348.9 1265.1 13.6 21.3 391 341 Romania
GERSIM IMPEX 866.8 713.1 33.4 20.3 30 24 Romania
ALEF DISTRIBUTION RO 273.3 168.8 0.8 -4.6 0 50 Czech Republic
ALSO TECHNOLOGY 266.6 240.1 0.07 0.4 27 28 Switzerland
WORLD COMM TRADING 213.5 292.3 6.9 14.7 24 26 Romania
INGRAM MICRO N/A 246.7 N/A -8.6 N/A 40 China
PHONETASTIC GSM 244.4 243.4 2.5 1.8 19 16 Romania
ELKOTECH ROMANIA 238.9 230.8 -1.2 -3.5 N/A 52 Latvia
ASBIS ROMANIA 170.2 204.5 0.4 -3.2 48 53 Cyprus
IT SMART DISTRIBUTION 163.5 169.6 1.3 2.7 44 48 Romania
Largest IT&C distributors
(Source: ZF, June 2020, MF)
22. Company
Turnover
(mil. RON)
Profit/Loss
(mil. RON)
Employee Majority
shareholdings
2019 2018 2019 2018 2019 2018
IBM ROMANIA 941.9 933 91.0 104.8 3291 3207 USA
ETA2U 314.6 218.2 6.0 5.8 260 242 Romania
S&T ROMANIA 213.2 134.9 -0.2 -3.5 153 142 Austria
RBC N/A 182.6 N/A 33.5 N/A 193 Sweden, Romania
HEWLETTPACKARD
ENTERPRISE ROMANIA
144.3 152.9 5.5 12.5 123 123 USA
ASSECO SEE 136.8 142.2 2.4 2.8 122 148 Poland
ENTERPRISE SERVICES
ROMANIA
132.7 143.6 15.8 11.3 534 566 Romania
METAMINDS (NOVA TECH) 124.1 49.6 7.3 2.2 27 24 Romania
BRIGHT DISTRIBUTION 105.2 131.7 8.0 4.7 8 8 Romania
KAPSCH ROMANIA 90.6 95.9 1.9 2.3 48 54 Austria
Largest IT&C integrators
(Source: ZF, June 2020, MF )
23. Company
Turnover
(mil. RON)
Profit/Loss
(mil. RON)
Employee Majority
shareholdings
2019 2018 2019 2018 2019 2018
ORACLE ROMANIA 955.9 961.3 55.0 37.2 3378 4463 USA
BITDEFENDER 671.4 545.9 6.8 6.4 1377 1238 UK
NTT DATA ROMANIA 379.8 298 21.2 18.2 1052 940 Japan
SOFTVISION 360.9 248.7 27 18.8 1613 1295 USA
LUXOFT PROFESSIONAL 359.1 316.1 33.7 20.5 1765 1613 USA
AMAZON DEVELOPMENT
CENTRE
321.3 239.1 14.3 17.8 1956 1089 USA
DEUTCHE BANK
TECHNOLOGY
272.1 260.9 23.2 19.5 688 686 Germany
BETFAIR ROMANIA
DEVELOPMENT
249.7 188.5 23.1 12.6 782 681 UK
ADOBE SYSTEMS
ROMANIA
197.1 170.9 10.7 12.6 630 562 USA
ELECTRONIC ARTS 188.6 177.8 13.7 13.5 490 495 USA
Largest IT&C software companies
(Source: ZF, June 2020, MF )
24. Company
Turnover
(mil. RON)
Profit/Loss
(mil. RON)
Employee Majority
shareholdings
2019 2018 2019 2018 2019 2018
DANTE INTERNATIONAL 4559.4 4236.1 49.5 -44.7 2478 2720
South Africa,
Romania
PC GARAGE 288.5 276.9 5.9 5.7 83 83
South Africa,
Romania
CORSAR ONLINE 204.4 266.3 -0.1 -0.1 103 128 Romania
ISTYLE RETAIL 237.1 181.3 4.4 0.9 76 67 Romania
ESTEP B2B 191.5 140.1 12.1 17.8 23 22 Romania
ELEFANT ONLINE 170 135.4 -19.3 -23.0 206 241
Cyprus,
Netherland,
Luxembourg
IDEAL TECH 121.8 103.9 0.3 0.3 75 62 Romania
EVOLUTION PREST
SYSTEMS
108 94.3 0.6 0.4 39 52 Romania
F 64 STUDIO 111.4 109.9 2.8 3.9 141 136 Romania
(Source: ZF, June 2020, MF )
Largest IT&C retailers
25. Artificial Intelligence & Machine Learning
Artificial Intelligence (AI) and Machine Learning (ML) are the driving force behind more and more start-
ups, aiming to facilitate innovations or optimize processes*.
(*Source: EYRomania, Evolution-of-the-Romanian-Tech-Startups-ecosystem, Dec.2019)
Big cities in Romania have AI/ML local
communities that encourage specialists to
grow and develop new technologies.
Cluj AI
Big Data / Data Science meetup Cluj-Napoca
Bucharest Deep Learning
Bucharest AI
Timisoara
Cluj-Napoca
Iasi
Bucharest
Iasi AI
Timisoara Deep Learning Hub
Brasov
Digital Innovation Hubs According to Horváth &
Partners, investment in AI
start-ups in Romania will
double to approx. Euro 50
million/year in 2025, from
Euro 23 million/year in
2019.
Romania advanced 7 positions in Coursera’s 2020
Global Skills Index against the previous year, ranking
27th out of 60 in skill proficiency in Technology at
global level, qualifying as “Competitive”. The ranking
is assessing worldwide countries competencies, for
supporting and benefiting from the AI revolution. The
ranking was issued according to the level of
competencies for various categories like: statistics, AI,
software engineering, ML, statistical programming,
mathematics.
27. The European Cybersecurity Competence Center (ECCC)
Brasov
Starting 2021, Bucharest will host the European Cybersecurity Industrial, Technology and Research
Competence Center, a future hub to distribute EU and national funding for cybersecurity research
projects like encryption and network security across the bloc.
The city was selected from a list of seven vying to host the center, including Brussels, Munich, Warsaw,
Vilnius, Luxembourg and León in Spain.
(Source: Europa.eu, Consilium.Europa.eu, Politico.eu)
Under the new Digital
Europe program, the EU
plans to allocate more
than €2 billion to
cybersecurity from the
EU budget for years
2021-2027
Romania got skills
Romania ranks 3rd in EU statistics on women employees in ICT
24% of ICT graduates in Romania are female, providing one of the most inclusive and gender-
balanced work culture and environment
solid performer in broadband internet speed rankings
Romania has a proven track record of producing successful tech companies
> € 2 billion
budget
In the 2019-2020 academic year, over 15 programs of
cybersecurity were developed nationwide, in over 11
universities and high schools, on topics ranging from
cybersecurity of the military information systems,
cryptography, digital investigations to machine learning and
network security
Full 5G coverage is available in Bucharest (provided by the largest telecom
operator). Consumers with a 5G subscription and a compatible phone
benefit from maximum download speeds of up to 1.2Gbps.
28. Extension of its R&D Center in Timisoara
Technology Development Center in Iasi
Development and Testing Center in Timisoara
R&D Center in Timisoara
Engineering Center in Cluj-Napoca
R&D Center in Timisoara
R&D Center in Brasov
New projects in Romania → 2019-2020
Extension of its R&D Center in Timisoara
Center of Excellence in Engineering in Bucharest
Information Logistics Center in Timisoara
29. Global Service Center in Bucharest
Business Services Center in Bucharest
Group Service Center in Bucharest
Office in Suceava, after Bucharest and Iasi
R&D Center in Bucharest
Bucharest R&D Center - largest in Europe
Bucharest Technology Hub
Regional Logistics Center - Above Market Planning Hub
Projects between 2016-2018
30. Software Engineering Office in Bucharest
Office in Bucharest
BPO Center in Brasov, after Bucharest, Cluj-
Napoca, Iasi, Tirgu-Mures and Timisoara
Global Delivery Center in Bucharest
Business Services Center in Cluj-Napoca
Global Delivery Center in Bucharest
Office in Cluj-Napoca
CRF Health, opened in Iasi
Development Center in Iasi & Bucharest
Projects between 2016-2018
31. strong high-tech service sector
growing steadily
83,840 employees in BBC
118 total number of companies
(SSC, BPO, IT, R&D etc.)
most requests come from companies
from USA, UK and Germany
31 Universities, 92 Faculties
largest talent pool in the country due
to the population and nearly 13,000
students the city offers
175,231 students
41,827 graduates/year
2,840,000 sqm total office stock
(7.5% vacancy rate)
Top players Key figures
(Source: NIS, ANIS, ABSL, INS, JLL )
Bucharest - largest outsourcing hub
Bucharest
32. Cluj is the second largest BSS
destination in the country due to
availability of skilled, multi-lingual
workforce and high quality of life
most of the BSS is focused on
provision of IT and financial support
services
15,040 employees in BBC
60 total number of companies
(SSC, BPO, IT, R&D etc.)
9 Universities, 49 Faculties
69,981 students
14,339 graduates/year
335,000 sqm total office stock
(7% vacancy rate)
Key figures
Top players
(Source: NIS, ANIS, ABSL, JLL )
Cluj-Napoca - good value for money
Cluj-Napoca
33. the winner of “The Best City for
Businesses in Romania” award,
Timisoara is well known for the IT &
automotive industry and, in the last
years, for its strong Business
Services Sector presence
11,000 employees in BBC
43 total number of companies
(SSC, BPO, IT, R&D etc.)
6 Universities, 36 Faculties
41,557 students
8,757 graduates/year
280,000 sqm total office stock
(6% vacancy rate)
Top players Key figures
(Source: NIS, ANIS, ABSL, JLL )
Timisoara - vibrant technology environment
Timisoara
34. cultural and academic hub in the
North – Eastern part of the country
Iasi - Emerging City of the Year
2018 at the CEE Shared Services
and Outsourcing Awards Gala
7 Universities, 43 Faculties
54,653 students
11,486 graduates/year
224,000 sqm total office stock
(6% vacancy rate)
Key figures
(Source: NIS, ANIS, ABSL, CBRE)
Iasi - emerging technology hub
Top players
Iasi
35. Brasov - bourgeoning technology hot-spot
Key figures
Top players
Brasov
Brasov has become an attractive
destination for BSS due to the
number of people with technical and
language skills, the existence of a
university center that feeds the
increasing need for employees, the
central geographical positioning, the
lower cost compared to other
locations and very good living
conditions*
2 Universities, 22 Faculties
21,827 students
4,823 graduates/year
(Source: NIS, *ABSL)
36. June 2020 - UiPath, the leading enterprise Robotic Process Automation (RPA) software
company, has been named to the CNBC Disruptor 50, an annual list of forward-thinking
and ambitious private companies in a range of industries, whose innovations are
changing the world. UiPath was also named the fastest growing technology company in
the Americas by FT Americas’ Fastest Growing Companies 2020 and ranked No.1 Fastest
Growing Company in North America on Deloitte’s 2019 Technology Fast 500.
Romanian Success Stories
July 2020 - Brillio, a leading digital technology consulting and solutions company, has
expanded analytics capabilities with Cognetik acquisition, a Romanian data and insights
company with deep expertise in improving digital experiences for its customers.
Companies such as Facebook, eBay, Pizza Hut and McDonald’s are among Cognetik’s
clients.
July 2020 - Zitec, leader on the Romanian IT & digital marketing market, became Google
Cloud Premier Partner, the highest level for partners who have demonstrated agility and
performance in implementing Google Cloud solutions.
February 2021 - The capitalization of EGLD (eGold), a cryptocurrency launched by
Romanian startup Elrond, reached USD 1 billion - prompting headlines about the second
Romanian unicorn (after UiPath)
37. “one-stop-shop” for foreign investors, assisting and advising international companies for
project implementation in the country
Promoting and facilitating foreign investment in Romania
Main interface between foreign companies and central / local authorities
Assisting worldwide entrepreneurs in project implementation
Tailored and individually custom-made solutions for developing new or current units
Consultancy and guidance during all stages of the decisional process (state aid & fiscal
incentives)
InvestRomania in a nutshell
38. GOVERNMENT OF ROMANIA
Ministry of Economy, Business Environment and Tourism
152 Victoriei Av.
District 1, Bucharest, Romania
www.investromania.gov.ro
E-mail: office@investromania.gov.ro
investromania@investromania.gov.ro