Romanian IT Business Statistics Are Promising

EBRD EE outlook on Romania

Read the latest Outlook on Romania 2017 special report


Teodor Blidarus

About Teodor Blidarus

Teodor Blidarus is a managing partner at Softelligence Romania and president of the Employers’ Association of the Software and Services Industry (ANIS). He has over 20 years of experience in the IT&C industry. As president of ANIS, he is actively involved in supporting entrepreneurs on the path to mature businesses, while also encouraging investments in software intellectual property and promoting the Romanian market as a “hub” for international IT services integration.

The software and IT sector produces three per cent of Romania’s GDP and is expected to exceed €4.1 billion in 2017. It is growing, thanks to the high demand coming from Western countries, and Romania now stands in sixth place in the global index when it comes to the number of certified IT specialists.

Romanian tradition in this field is one of the most respectable in the CEE region. A high standard of education generates a well-qualified workforce and it can count on a considerable number of engineers; something that is always appreciated abroad. Despite the economic crisis, the IT sector has kept growing and its low labour costs are attracting more and more investors.

Nowadays, the entire Romanian software and IT industry is showing signs of recovery, after the slowdown that began in 2014. In 2017, the annual growth rate stands at 13.6 per cent, with a market volume estimated at €4.1 billion. Future expectations are even brighter. Current forecasts expect a growth of 15.9 per cent by 2018, and a market volume that will be close to €6.3 billion in 2020.

Mid-term expectations are clearly discernible and in the longer term, Romania could strengthen its position as a leader in the IT industry, both in the domestic market and abroad. Working for foreign clients has helped Romanian companies build their own reputation and success. Romanians are also showing a good sense of entrepreneurship, developing start-ups and winning business ideas.

Concerning business ownership, there is a remarkable difference between Romanian and foreign ownership. If we consider 2016 revenues, only 27 per cent of the total industry revenue was generated by Romanian owned companies, while the remaining 73 per cent was generated by foreign capital companies. Productivity per employee seems higher in foreign capital companies, since they employ 59 per cent of the people who are active in the industry, while Romanian owned companies account for 41 per cent of the number of employees.

When it comes to the number of companies, the situation is totally reversed: 92 per cent of the total active companies are owned by Romanians and only eight per cent are foreign-owned, which is an indication of the entrepreneurial initiative at a local level, although this is not similarly accompanied by high numbers in terms of revenues generated.

Romania is one of the favourite outsourcing destinations, with the innovative approach of Romanian companies and an English fluency rate that is greater than 80 per cent in the IT sector. As we are living in an era where the labour shortage is much higher than before, the country’s market can be defined as a successful one if we consider the number of people entering the labour market, yearly.

The total software and IT industry has witnessed enormous growth, in terms of workforce. With 65,930 employees in 2013, Romania can now rely on 90,380 workers in the IT sector, and this number is expected to grow by 113,850 in 2020. Productivity (€/employee) is also showing a positive trend, moving from 35,947 in 2013 to 45,309 this year (with an expected reach of 55,248 in 2020).

Multinational companies’ R&D centres are also helping to improve the whole sector, creating a good combination of the two different sectors that make up the software and IT industry: the internal market and the export of IT services.

Domestic growth had a small but important reprise in 2017, after the catastrophic breakdown of last year, when it decreased by 5.9 per cent. While foreign growth stands steady at more than 18 per cent, the domestic one is only 0.5 per cent with better expectations for the future. In 2018, it is expected to be nine per cent and 11.4 per cent in 2020.

In general, the context is favourable. More funds and financing are expected in the short-term. Business angels, crowd funding, start-ups, accelerators and business incubators are taking hold in the country, and are encouraging young entrepreneurs to develop their ideas with success. Additionally, the government and the legal system are working in this direction also, in order to make Romania more attractive than ever.


The views expressed in this opinion editorial are the author’s own and do not necessarily reflect Emerging Europe’s editorial policy.


Office Real-Estate Is Burgeoning in Romania

romania office space emerging europe

Romania Says No to Corruption

Corruption romania

Alexandru Petrescu: Romania Is Working to Solidify the Highest Growth Rate in Europe

BUCHAREST ROMANIA - MAY 1: Unidentified people relax and socialize in the green area of the Promenada Mall on May 1 2014 in Bucharest Romania. The mall has a gross floor area of approx. 110000 m.

20 Years of Romanian-US Cooperation

usa romania emerging europe

It’s Time for Romania to Roar

outsourcing romania emerging europe global sourcing association

Princess Marina Sturdza: Things Are Bound to Improve for Romania

Central square in Iasi town Moldavia Romania

Building on CEE’s Established Reputation for Quality and Value

Poland and Romania: Almost 100 Years of Friendship That Is Still Growing

warsaw poland emerging europe

A Family Between Britain and Romania

london emerging europe

Romania Needs to Follow its EU Membership With Some Sweeping Reforms to Avoid Stagnation

Bucharest Romania - March 07 2016: Bucharest Sky Tower Business Center. Bucharest urban landscape.

The Goal for Romania — the Positives Outweigh the Negatives

ebrd emerging europe romania

People Power Reminds the Government of the Rule of Law

What Was First on the Romanian Table?

food romania dragut emerging europe

Romgaz and GE Partner in a New Power Project

romania GE

Merging and Growing Romania’s Outstanding Broadband and Other Infrastructures

electrogrup emerging europe

Romania’s Infrastructure Development Is Slow

roads romania

Nurturing a Needed Knowledge and Innovation Culture

It cluster cluj

Romania’s Short-Term Prospects Remain Solid

romania economist

The Bucharest Stock Exchange Has Started the Year on a Promising Note

stock exchange bucharest

Changing Perspectives and Showing That True Romania is a Vibrant Innovative Country

Risky (but Rewarding) Business

risky business

Privatisation, Past and Present in Romania

energy privatisation romania emerging europe

Surprising Resilience of Romanian Social-Democrats

BUCHAREST ROMANIA - June 21 2017: Liviu Dragnea President of Social Democrat Party speaks in front of Parliament during a no-confidence vote against Sorin Grindeanu's Cabinet.

Romania To Stay Close After Brexit

Greg Hands

Romanian Wine: A Growing Opportunity

halewood wine

Romania Works to Cement its Position in the EU

european union

Romania Could Catch Up in Innovation

innovation emerging europe

Seven Reasons for Optimism in Romania

gazelle emerging europe romania

Romania — Decades After Two Milestones

View of Palace of Parliament in Bucharest Romania

Romanian Market Moving Towards Rebalancing

Driving the Romanian Automotive Industry

opel romania

Romanian Wine Is Making a Comeback

Romania’s EU Membership Was Slow to Be Appreciated But Now the Tide Is Turning

Romanian Palace Of Parliament

Romania in 2017 in Brief

romania emerging europe

Romania’s European Values Are Changing Public Misinformed Opinions

world bank emerging europe

Romania Will Be a Hot Topic in Europe

Robust First-Quarter Growth in Romania

emerging europe romania brasov

A Country of Beauty and Warmth That Will Reward Those Who Visit With an Open Mind

Cityscape Brasov

Political In-fighting Must Be Resolved

Sorin Grindeanu

The Competitive Edge in Central and Eastern Europe

SOFIA BULGARIA - MAY 5: View of the Ivan Vazov National Theatre in Sofia on May 5 2016. Sofia is the largest city and capital of Bulgaria.

Romania Can Foster German Partnership

frankfurt emerging europe

Romanian Banks Must Use Lessons Learned

romania emerging europe banks

Romania’s Economic Outlook Is Bright

Different Romanian Lei Banknotes on the table

Netherlands and Romania’s Love-Match Continues

romania netherlands emerging europe

Can Romania’s success last longer?

brasov adecco emerging europe

Romania’s Government Plans to Grow the Country’s Already High ICT Reputation

romania ICT emerging europe

Juncker’s “More, Together” Offers Romania a Better Future

aspen institute romania emerging europe

Romanian Upgrade to Emerging Market is on the Cards

Romania capital market

Romania’s 140 Years of UK Cooperation

Leave a Reply

Your email address will not be published. Required fields are marked *