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Intel: Tax break for programmers, major reason for investment in Romania
Representatives of information technology company Intel Corporation told Prime Minister Emil Boc that they picked Romania as location for their investment due to the government's decision to maintain the tax break for software programmers. Prime Minister Emil Boc on Monday met at the Victoria Palace of government with Intel Corporation representatives, on the occasion of the opening in Bucharest of the Software Solutions Research and Development Centre.
US Intel Corporation on Monday opened a software development and research center in Romania’s capital city Bucharest, following an investment of a few million euros. The center is Intel's first greenfield project in this sector in Europe, Intel Software&Services Group vice-president Kostas Katsohirakis said Monday. "In Romania, we will initially employ 25 programmers, with the possibility to increase their number three to four times, once we diversify our projects. We will hire a country manager in a few weeks," Katsohirakis said.
Intel Labs Europe's manager Martin Curley said Intel has decided to open a center in Romania due to the success of Wind River, the company through which Intel develops software in the southeastern city of Galati.Worldwide, Intel owns 50 software development and research centers, with 19 units opened in Europe.Intel, the largest producer of microprocessors worldwide, reported a net profit of $2.95 billion in the third quarter, up 58% on the year.