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Deloitte: Romania, third place in technology companies’ regional rankings

Romania is third in the 2014 edition of the Deloitte CE Technology Fast 50 regional rankings, having six companies in the competition of the most dynamic technology companies, based on the rise in revenues obtained over a period of five years, Deloitte Romania representatives announced on Tuesday at a press conference.
According to Alina Mirea, local manager of the Fast 50 project, partner Deloitte Romania, four of the Romanian companies present in the rankings are new entries and the average growth registered by local top companies is of 589 per cent. Five of the companies are software developers, and one is an internet provider company. Two of them are based in Bucharest, two in Cluj-Napoca, one in Baia Mare and one in Sibiu.
“With a growth of 1,433 per cent, the Sibiu-based ITNT company is 4th in the regional rankings, the best position held by a Romanian entity present in the top rankings. Present in the rankings for the seventh year in a row, Temnet International SA is also among the top performers of this year’s edition, since it is present in two categories: 3rd place in the Big 5 category which includes dynamic companies that are too large revenue-wise to compete on an equal footing with smaller companies that are part of the Fast 50 category, and 34th place in the Fast 50 category, with a growth of 424 per cent. Softintelligence is 27th (with a growth rate of 459 per cent), followed on 28th place by Life is Hard SRL (453 per cent). Fortech is 37th (403 per cent), and Trencadis is 42nd (362 per cent),” Alina Mirea stated.
The representatives of the Romanian companies present in the Deloitte rankings have stated that the main challenges they have had to deal with have been the decapitalization of Romanian industry and the local market’s lack of maturity. On the other hand, they admitted that they have not used the existing fiscal facilities, focusing more on growing their businesses and less on optimizing their revenues and costs.
The average growth among companies present in the Fast 50 rankings climbed from 671 per cent in 2013 to 698 per cent this year. Nevertheless, that level is far below the 1,028 per cent average registered in 2012. Ten countries are represented in the Fast 50 rankings this year: Poland (17 companies), Hungary (10), Romania (6), Croatia (4), Czech Republic, Lithuania and Slovakia (3 each), Serbia (2), Bulgaria and Estonia (1 each).

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