1.4 C
January 31, 2023

Oracle investments on local market remain ‘strong’

Oracle envisages an expansion of its business outside Bucharest, as it will need more office space because it intends continuing its investments in Romania and increasing its turnover, the president of the American IT company, Safra Catz announced yesterday, quoted by Mediafax. “We never imagined we would reach 3,000 employees in Romania, we could not be that optimistic. So we started with a building, then added another (…) We have several hundreds of available places which will doubtlessly be occupied within a year, and we will most likely need more space,” Catz said in a press conference organised jointly with Banca Transilvania. Asked about the talks he had Monday with Romanian President Traian Basescu and Premier Victor Ponta, Catz answered that they talked about Romania in general, plus a little bit of politics and geopolitics, and that officials were interested by the continuation of Oracle’s local commitments and investments, which he confirmed, adding that they will remain “strong.”
Romania, the company’s fourth most important subsidiary
Oracle’s subsidiary in Romania came to be the fourth most important in the world and second in Europe, after the one in the United Kingdom of Great Britain and Northern Ireland, Safra Catz, president of Oracle said during a recent meeting with the Romanian President Traian Basescu. Basescu showed his appreciation for Oracle’s investments in Romania, which turned the country into “a global hub of the company and created 2,700 jobs,” reads a statement of the Presidency. Safra Catz also thanked the Romanian President for the continuous support given to the company since its entering on the Romanian market. Also, Prime Minister Victor Ponta received the CEO of the Oracle Corporation at the Victoria Palace, occasion on which the PM underscored that the Romanian government will continue with its efforts to improve the Romanian business environment and also to facilitate the access of foreign companies to the local market, reads a release of the government’s press office.
‘Moreover, the head of the Executive appreciated the strong presence of Oracle in Romania, (…) and the investments that it made on the domestic market. The Prime Minister also mentioned that the information technology field is and it will remain for a long time one of a maximum importance as part of the government’s strategy,’ the abovementioned source also said. Minister of Information Society, Razvan-Cotovelea, also participated in the meeting.

Related posts

Industrial turnover up by 9.6 pc in first two months

Nine O' Clock

Deputy PM discussed with the IMF on decentralisation, prioritisation of investments

Nine O' Clock

UniCredit Bank, best Cash Management bank in Romania 2015

Nine O' Clock