IT Industry and its Role in the Economic Development of Romania

Abstract

The IT industry is currently one of the main engines of the Romanian economy, being undoubtedly the most attractive sector in terms of wages and other benefits. The Romanian IT industry is attractive to the world's major IT corporations due to the low cost of the workforce, and the high professional qualifications of employees, but also due to tax benefits offered by the Romanian state. It is very important that this sector of activity is not only developing in our country but also in other countries of the world. This study aims at an analysis of the IT industry in our country through which the author intends to better understand the factors that have led to its development. To achieve this goal, we will conduct various analyzes of the financial performance and position of enterprises in the IT industry, as well as the role in the development of the Romanian economy. The usefulness of the current study becomes more important as we look at the possible future measures that will lead to the development of this sector, but we will also try to present the risks that are likely to occur.

Keywords

• turnover; net profit; development; it industry