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Telecom.IT: Romania's IT sector might reach 5 billion euros in business turnover in 2020
Romania's IT sector might reach 5 billion euros in business turnover in 2020, Romania's President Klaus Iohannis said Tuesday in the eastern city of Iasi
He told a debate called "New Iasi. Moldavia's capital city as a major technology growth pole in Romania" that information technology is "an area with major implications for Romania's development."
"Current data indicate that your industry is significantly contributing toward the development of Romania's urban hubs. The IT sector has surpassed three billion euros in turnover, with high growth rates exceeding average growth. There are premises for the IT sector to near five billion euros by 2020 if we keep on encouraging innovation, development and research," said Iohannis.
Iohannis added that Iasi has become Romania's "Silicon Valley," pointing out that the development of the IT industry there will generate "deep changes at the level of communities, from living standards up to mentalities."
"I wanted to come here today precisely to convey a message of encouragement to this new Silicon Valley that Iasi is shaping up to be, the new Iasi as I am calling it. Iasi, alongside Bucharest, Cluj-Napoca and Timisoara, is one of Romania's main IT hubs. If these hubs stand a chance of becoming success stories in the future betting on the development of the IT industry, then all the regions will stand to gain. An industry developing so forcefully generates gains for the administrations as well, because we are talking about a genuine industrial revolution that generates deep changes at the level of communities, from the living standards up to and including mentalities," said Iohannis.