EUROPEAN CENTER FOR SERVICES INVESTMENTS AND FINANCING

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©2018 BY EUROPEAN CENTER FOR SERVICES INVESTMENTS AND FINANCING.

The prolonged global economic crisis has prompted the Government of Romania to find viable methods of supporting and encouraging those investment projects in highly specialized areas that generate positive effects at the level of regional development, technology transfer and inducing a multiplication effect in the economy as as a result of attracting other additional related investments. This State intervention is intended to stimulate investments that can increase the competitiveness of the Romanian economy and attract highly specialized staff.

 

Jobs created in Romania by the Technology Centers of Financial Institutions 2016 - 2018


Stimulating investments in RDI ans ITC can lay the foundations for creating new jobs in the field. From the point of view of the legislator, innovation is about making a product or service that has improved performance. The ICT domain is related to new technologies, programming languages, software, hardware, programming languages, etc. As an indication, the value of the investments related to this state aid scheme must contain at least 20% of ICT investments. Also, for each investment project, at least 200 jobs will be achieved, which will be maintained for an average of 5 years from the date of the first payment of the state aid.

 

The structure of wages in euro in the analysis and software development departments of the Romanian Technology Centers 2018

 
Investment in ICT innovation is expected to fuel the main engine of economic growth in the current global economy. Through innovation, an enterprise can then develop and commercialize locally, globally and globally, services, products, or processes that are much improved that offer improved features at more competitive costs and ultimately enable the company to grow consistently and quickly disruptive on more traditional markets, including benefits to the environment.


An important feature of ICT investments is the fact that it involves highly qualified human capital such as information technology engineers, researchers, software programmers, etc. The average salary in Romania for specialists in these areas of activity is high and is approaching salaries in the rest of Europe because we are talking about a high demand, still unsatisfied with ICT specialists. As an example in England, there are public-private programs offering free online programming in the field of programming as a training measure for future specialists in the field.

 

Structure of wages in ICT in Euro in Romania 2018

 

The state aid scheme established by GD 797 of 2012 focuses mainly on investments made in the employment of qualified human capital in ICT, R & D and innovation. This state aid scheme supports innovation-based entrepreneurship that has the effect of developing and marketing high-value innovative products, services, technologies. Through the widespread use of new ICT technologies, the creation of highly specialized jobs will be encouraged. These investments will facilitate the migration from obsolete, obsolete and polluting technologies to innovative and competitive technologies that will lead to more efficient economic activity.


Between 2008 and 2012, Romania provided state aid through the Ministry of Public Finance to encourage major investment projects to lead to new jobs through three state aid schemes, GD 1165/2007, GD 753 / 2008 and GD 1680/2008. One of the expected results of the application of these state aid schemes is the increase of the turnover, the profit which implicitly leads to the increase of the taxable base. At the level of 2013, 37 grant agreements were signed for a value of approximately 400,000,000 Euros, which generated investments worth approximately 1,400,000,000 Euros and created almost 11,000 new jobs.


According to official data submitted by the Ministry of Public Finance on the impact of H.G. No 797/2012 on the establishment of a State aid scheme to support investment promoting regional development through the use of new technologies and job creation, Deutsche Bank Global Technology, IBM, Microsoft, Dell, Endava, SCCServices, Telekom Global Services Center have received in 2013 67,000,000 euros of state aid to create 3.151 jobs in the technology field. Deutsche Bank Global Technology, the technology center in Bucharest that develops software solutions for the global operations of the German bank, will reach 500 employees by 2016, currently recruiting 200 people for specializations such as quality assurance, software development, project management, IT architecture, business analysis. As can be seen from the table above, Deutsche Bank Global Technology, according to data published on the Finance Ministry website, had 722 employees at the end of 2017.

 

Dr. Diana Valentina Dumitrescu

Dr. Daniel Ioan Dumitrescu

ECSIF Co-founders
 

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