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IT Companies Move Into Romania
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IT Companies Move Into Romania

HenryTo
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Joined: 06 Aug 2004
Posts: 11736
Location: Los Angeles, California

Posted: Fri Aug 03, 2007 11:32 pm Post subject: IT Companies Move Into Romania

http://www.cnn.com/2007/TECH/biztech/07/30/romania.computers.reut/index.html

Quote:

In Eastern Europe, Romania is appreciated as having the biggest growth potential together with Turkey and Russia," said Stefan Cojanu, head of Oracle Corp in Romania.

The software maker, which has a support and software development center in Romania, has doubled its local staff to 1,000 over the last year since opening a tower office in central Bucharest. It plans to hire an additional 500 employees.

"The geographical distance, the similar time zone and business mentality argue for us to develop our activities in a country where costs are also lower," Cojanu said.

Romania's low wages of around $600 a month compare with $1,050 in Poland and $950 in the Czech Republic. Both countries also attract hefty investment in the IT sector.

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