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April 20, 2021

IT sector in Romania could attract funds of over EUR 1 bn

In the current multi-annual budget framework of the European Union it is expected that the IT sector in Romania could attract a sum equal to or even larger than one billion euro, money that will come from European funds co-financing, as well as the business environment and the state budget, said yesterday in Cluj-Napoca, Minister for the Information Society Razvan Cotovelea. These investments can be maximized through a government strategy that would be exhibited in the 2014-2020 Digital Agenda, added the Minister for the Information Society, using the IT Cluster in Cluj as an example and saying that the authorities are prepared to support such ideas. ‘We are ready to support the private business environment here and in the country. Bucharest is also an important center in this context, in only four months all the chairmen of multinational companies, I wouldn’t like to name them here, but the first ten [multinational companies] came to Bucharest, came to Romania and showed their availability to invest extremely important sums in the coming period. One of the first two players on the Telecom market opened a new business center in Bucharest last week,’ said Razvan Cotovelea. He predicts that investments will continue, due to the fiscal and legislative framework that is ‘extremely attractive’, but also due to faculties in the field preparing IT&C specialists at a level that is considered high. Razvan Cotovelea will have several meetings in the coming months, in several areas of the country, to discuss with representatives of the IT&C sector about their needs and proposals, before the governmental strategy, and the Digital Agenda for the next seven years are developed.

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