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WHY CHOOSE ROMANIA?

Local labor pool characteristics

Romania's main competitive advantage in software development consists of its highly qualified, cost-effective human resources. Currently, about 25,000 software professionals work in the industry and almost 1/5 of them are involved in software export activities. Romania ranks the 6th in the world by number of certified professionals ("2003 Global Skills IQ Report", Brainbench) and has been awarded a bronze certificate in the category of "Most Certified Nation (Overall)" during the first annual Bench Games 2005 ("2005 Bench Games Report", Brainbench).

Romania has one of the top technical educational systems worldwide, visible by Romanians' domination of the international competitions in IT, Mathematics and Physics. On the occasion of the World Electronics Forum (Paris 2000), the “Worldwide ICT Professionals Market Situation Study” showed that, by 2008, Romania will be the only European country to have excellent IT specialists.

A report released in 2005 by The Economist Intelligence Unit showed Romania ranks 14th in the world as favorite outsourcing destination Scoring 7.08 while the leader of this top, India, scores 7.76. Countries were scored on labour costs, labour skills, labour regulation, proximity to major sources of investment, political and security risk, macroeconomic stability, regulatory environment, tax regime, and infrastructure. The survey was based upon the answers of 500 managers from 75 countries.

Some additional reasons why outsource to Romania as a reliable center of offshore development:

  • Software development is different
    The outsourcing market benefits of global trendsetters, outsourcing giants that provide inspiration permanently. However, clients' needs are very specific to their own organizations; their search for cost optimization or very specific skill sets generates new outsourcing demands daily.
  • Geographic location
    Its geographic location makes Romania an ideal choice for a European  company to develop an IT platform to support its needs.
  • Finding qualified developers is hard
    Romania’s density of software graduates per thousand inhabitants is  significantly higher than in the USA, it is five times that of Russia and nearly  seven times that of India.
    The right people can ensure success of the project, and vice versa.  Unqualified personnel can be a reason for failure. But finding, hiring, and  integrating of a new staff is a difficult task. A more effective and less  expensive solution is to hire an outsource team that would handle software  development for your business. In the other words, let your recruiting  problem become ours.  
  • Pay only for the people you need
    Different stages of the project require different resource amounts. Extra costs  are inevitable if you hire your own team and maintain it all the time.  However, outsourcing companies use "scaleable" teams-amount of people assigned to the project depends on its phase.
    The cost of skilled IT professionals in Romania is around one-third of that in  the US or Europe. 
  • Rapid project start 
    Outsourcing is a good choice for a rapid-start project because there is no need to hire and prepare your own team. We consult and assist you from the very first contact with our company and as long as you need it.
  • Reduce risk
    Software development has its own technological process that should be carefully studied before you start an IT project. This may take a lot of time. This is a risk if your company is not involved in this field professionally.
  • Foreign languages proficiency:
    • Some 60% of the Romanian population speaks a foreign language, mainly English;
    • English – spoken by everyone working in the IT&C sector;
    • Good level of French due to cultural and historical reasons;
    • Elevated German minority in Transylvania;
    • Spanish and Italian – easy to learn any of these languages due to the Latin origin and high resemblance with local language;
    • Good frequency of persons speaking Russian, Hungarian, Greek, Turkish, Ukrainian, Bulgarian, Serbian other European languages.

The Romanian alternative, a maturing opportunity

The modern European legislation, favoring the progress of IT professionals and companies as well as Romania’s EU accession in 2007 contribute to turning this country in “the ideal outsourcing alternative” ("Offshore Romania 2003", Pierre Audoin Consultants).

Important multinationals such as Oracle showed their interest in this Eastern European coutry. The above mentioned company has already expressed its belief in Romania. The global giant has opened three excellence centers in the Bucharest Financial Plaza to service clients all over Europe. Mr. Sergio Giacoletto, Executive Vicepresident for EMEA, showed that Oracle is committed to encourage this country to take advantage of its potential: "Oracle aims to help push Romania into becoming the Silicon Valley of Central and Eastern Europe." 
 

 
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