Ecosystem

Discover the Romanian tech startup ecosystem

Tuesday, January 29, 2019

Romania’s economy is on the rise, having registered the largest growth among all 28 European Union member states in GDP per capita in 2017, jumping one position in the bloc’s ranking, from its second-poorest to the third-poorest nation. Romania is now the ninth largest economy in the European Union, and had the region’s second highest GDP growth rate of 7% in 2017. In the midst of this growth, the tech industry is gaining traction, with IT now producing 6% of Romania’s GDP.

After 43 years of communism marked by food shortages and secret police, Romania is building on a strong legacy of expertise in science, technology, engineering and mathematics (STEM) education and telecoms infrastructure, which has actually become a positive leverage point for the young communist-regime-memory-free generation.

Despite a strong STEM background, public education lags behind in terms of meeting market demand for IT engineering, therefore private education initiatives like The Informal School of IT and Academy Plus were launched to meet the growing demand and interest of Romanians towards technology.

“We are going through some amazing times of growth at Informal School of IT, experiencing in a 28% year-on-year growth rate over the last five years. This means that the people of Romania are becoming more interested in technology and starting a career in this direction,” said Razvan Voica, CEO & co-founder of The Informal School of IT.
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