Investors need to see predictability in Romania instead of various experiments in public policy, said Serban Roman, the vice president of Enterprise Investors, during BR’s Foreign Investors Summit.
“The IT sector is one that keeps contributing to the Romanian economy, and it shows resilience even while other sectors may be slowing down. Automation and robotics are increasingly active and present on the market – we are pushing managers towards optimising and making their companies more efficient using technology.”
As the discussion moved towards the Romanian IT industry’s focus on outsourcing rather than product development, Serban Roman said that companies need to be careful not to go from an outsourcing trap into a product trap:
“Our experience has been different in Poland, for example, where we learned that companies could create value by staying in outsourcing, but moving from basic to more high-value products, for which they could charge more money. Working with companies that have access to customers in the US, for example, is another way to create higher value.”
In terms of the phenomenon of people leaving Romania to work in other countries, Roman pointed out that we should look at the real reasons for why they choose to leave.
“When I thought about leaving the country, it was not for another job – many of my friends left because of the lack of medical services, infrastructure, lack of balance and security in Romania. You can have a good salary in Romania, but if other elements are missing it’s not enough to convince you to stay. It all comes down to predictability and long-term vision for any country.
The post #FIS2019 | Serban Roman (Enterprise Investors): Investors need predictability, not policy experiments appeared first on Business Review.