How Romania has become Europe's latest tech hub
Business Management

How Romania has become Europe's latest tech hub

Romania is vying to become a world-class technology hub. With a well-educated tech workforce, a history of academic computer research and a solid outsourcing industry, the nation is well-placed to thrive in the competitive global tech eco-system. 

The country has produced a slew of global tech success stories, from automation specialists UiPath, to cybersecurity company Bitdefender, and has attracted investment from top US businesses such as Oracle, IBM and Facebook. 

A surge of start-up activity is taking off in cities across the nation leading to a boom in Romania's tech industry and a tight labour market, says Vargha Moayed, chief strategy officer at UiPath. 

"Increasingly the Romanian talent pool has gone up the value chain, so today we find people who have participated in start-ups, who have seen the entire cycle of an IT product from conception to release to deployment, so the talent pool has improved and so has their expectation in terms of compensation."

Near zero unemployment in IT has led big tech companies with centres in Romania to bring in talent from Ukraine and Moldova. "The local talent pool is maxed out," he adds. 

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