ANIS: Software and IT services companies report 2014 revenues of 2.42 billion euros in Romania

Romania's software and IT services industry reported 2014 revenues of 2.42 billion euros, up 13 per cent from the previous year, according to the findings of the "Software and IT Services in Romania,' report released on Wednesday by the ANIS Employers' Association of the Software and Services Industry.

On the other hand, based on the answers of the respondents, industry specialists are expecting a 14-per-cent rise in the business turnover of the industry in 2015, with the average annual growth rate for the next three years projected at 11 per cent.

The ANIS study also indicates that out of the total 2014 revenues of the software and IT services companies operating in Romania, nearly 65 per cent came from export, up from the previous year, when the export weight in the revenues of the same companies was 60 per cent.

"The software and services industry is one of the best performing Romania currently has, given the growth rate that is four times bigger than what is estimated for the entire economy. In 2014, the IT&C industry recorded the highest weight in the Gross Domestic Product (GDP) so far ? 6 per cent, 2.5 per cent generated by software and services. The reason why ANIS has invested money into this study is to support Romania's IT industry, help it grow. We wanted to draw up this material in order to offer some figures for any investor to use to start investing in Romania. We are at a time when the Romanian IT industry enjoys recognition,' says ANIS Vice-Chairman Teodor Blidarus.

In his turn, PAC Romania & CEE Vice-Chairman Eugen Schwab, pointed out that Romania can become a regional engine for IT services and software products provided that its education system develops swiftly; tax incentives should also help generated...