The government of Romania has implemented long-term incentive programs to develop its tech sector. These include tax breaks for R&D and other incentives for investing in the tech industry. This allows foreign organizations to invest in the local IT infrastructure.
The country's how to hire developers for a startup is also stable and conducive to innovation. According to analysts, Romania's IT services market is expected to grow by 15% annually through 2021.
A growing number of global IT giants have invested in the country's IT infrastructure. Some of the leading companies include Google, Oracle, and Huawei.
Romania's cost-competitiveness attracts multinational businesses. The presence of these companies helps in attracting top-class talent.
The country has also seen a large increase in the number of startup companies. In total, over 60 rounds of startup investment have been recorded.
