Survey: Romanian IT makes EUR 4bln revenues a year

There are currently 14,000 IT companies in Romania and approximately 50 percent of them are based in Bucharest and Cluj-Napoca, according to the latest survey on the state of the Romanian IT industry carried out for iTech Transilvania by ARIES Transilvania. Romanian IT and technology companies generated last year total revenues of EUR 4 billion, 26 percent more than in 2013. Out of these revenues, 60 percent were generated by companies based in Bucharest, 11 percent by companies based in Cluj and under 10 percent by the rest of the Romanian cities.

“The conclusion is simple: IT will continue to support the Romanian economy and be a top employer. We estimate that the number of direct employees, together with the IT sole traders to reach 100,000 people by the end of 2015, compared to 93,000 in December 2014, according to Voicu Oprean, president of ARIES Transilvania.

The Romanian IT industry offered full-time jobs for 75,500 IT employees. Additionally, there are 17,000 IT professionals working as sole traders in Romania.

Bucharest and Cluj come first in the ranking as 48 percent of all IT and technology companies are based there. Cluj-Napoca also has the highest number of IT experts as per the entire city population, since one in 25 people who live in Cluj work in IT.

Bucharest, Cluj, Iasi and Timis gather 73 percent of all the employees in the local IT industry, with Bucharest offering half of the IT jobs in Romania,. However, in Iasi, Dolj and Bihor, the number of IT employees has increased by 30 percent compared to 2013.

The net average salary in mid-2015 declared by the representatives of the surveyed companies was approximately RON 2,600. More than half of these companies have, or will raise salaries by approximately 16 percent by the end of the year.

The survey was carried out based on the declared revenues of all the 14,000 companies analyzed as well as on the statements of 393 representatives of the largest IT companies in Romania.