OVES Enterprise | Romania Feed

Romania's IT industry, which has seen significant growth until recent years, is now feeling the effects of the global economic crisis; compared to two years ago, the budgets allocated for IT services have decreased by approximately 20%, as per an analysis by OVES Enterprise, a Romanian software development company with expertise in creating complex software solutions and AI innovations for aerospace, defense, and cybersecurity industries.

The deadlock in the Romanian IT market, characterized by layoffs, project suspensions, and the current political-economic context could end this year, OVES Enterprise, a Romanian software development company and drone manufacturer, said in a press statement on April 25, 2024.

Romania’s software and services market suddenly slowed down toward yearend, from an average annual increase of 15-17% to 5% in the past two months, as many projects traditionally wind down before yearend and companies are reluctant to start new ones at this moment, reveals an analysis by OVES Enterprise, a software developer of Cluj Napoca.

Only 5% of digitization projects completed, with application in the Romanian public sector, are actually used and continue to be developed and to benefit from maintenance services – as per an analysis of OVES Enterprise, a Romanian software development company established in 2015, in Cluj-Napoca.

OVES Enterprise, a software development company from Cluj, opens in Munich, Germany, its first office abroad, as part of the international expansion strategy which aims that the company to be present in 5 countries by the end of the year: Germany, USA, United Arab Emirates, United Kingdom and Spain.   The expansion in Germany is […]