The next step that the Romanian IT industry should take is to move from the "forward processing" stage of outsourcing, around which it was built, to that of a product-centric industry, stated Radu Georgescu, founder of Gecad ventures.

This transition already begun a few years ago, and a friendly, multi-level regulatory framework would be needed to stimulate it, especially in the area of ​​attracting investment, not just providing low tax rates, he argued, according to Ziarul Financiar.

The IT industry in Romania has grown over the last two decades, from 0.5% of GDP to almost 7% (IT& Communications), generating well-paid jobs - the average salary in the sector is about three times higher than the average salary on the economy - including due to the fiscal allowances it has enjoyed.

andrei@romania-insider.com

(Photo source: Gecad)