Romania's IT industry rose by 12% y/y in 2023, while employment dropped by 5%
<p>The aggregated turnover of Romania's IT industry lost momentum from a 33% y/y growth rate in 2022 to only +12% y/y in 2023, when it reached EUR 15.6 billion, according to a study carried out by a research group from the Academy of Economic Studies in Bucharest at the request of the Employers' Association of the IT Industry Software and Services (ANIS).&nbsp;</p>

<p>The industry's employment dropped by 5% to some 190,000, according to the study quoted by <a href="https://www.startupcafe.ro/afaceri/eliminare-scutire-impozit-salariile-itisti-impa-patronat-firme-software-anis-cati-angajati?mc_cid=986210933e&amp;mc_eid=cd1f92f96c" rel="noopener" target="_blank">Startupcafe.ro</a>.</p>

<p>The association defended the industry's preferential regime, arguing that a complete elimination of the allowances for IT professionals, as planned by the government for July 2025 under the fiscal consolidation plan, will have a strong negative impact.&nbsp;Exemption from tax on the salary income of employees in the IT sector is a tax facility introduced in 2001.</p>

<p>Adding the telecom industry, the IT&amp;C sector had a cumulative turnover of EUR 22 billion in 2023.&nbsp;</p>

<p>The IT&amp;C industry, however, had a higher total contribution to GDP of up to EUR 45.3 billion in 2023 if the multiplier effect of the economy is taken into account.</p>

<p>Thus, the total impact of the industry on GDP in 2023 was 14.16%, argued the authors of the study. Also, more than 880,000 jobs were created directly and indirectly by the IT&amp;C industry in 2023, according to the same source.</p>

<p><em>iulian@romania-insider.com</em></p>

<p><em>(Photo source: <a href="https://www.dreamstime.com" rel="noopener" target="_blank">Sarinya Pinngan/Dreamstime.com</a>)</em></p>