Romanian IT industry to exceed EUR 4 bln this year

The local software and IT services sector is expected to exceed a turnover of EUR 4 billion this year, according to a study by the National Association of Software Industry (ANIS). The IT industry saw a turnover of EUR 3.6 billion last year, up 11.3% year-on-year. The growth was mainly due to the exports of software and services, whose value rose by 18.7% over 2015, reaching EUR 2.6 billion. The share of exports will reach 79% in the sector by 2020. Meanwhile, the domestic IT market went down by 5.7% year-on-year reaching EUR 935 million. The internal market will continue to have a timid evolution in the next period, according to the study. The annual average growth forecast for the next three years is around 15%. Romania has the largest number of IT&C employees in CEE editor@romania-insider.com