Representative of SIVECO Romania attends the “European Challenges” Economic Forum in Krynica, 2006 | SIVECO Romania

Representative of SIVECO Romania attends the “European Challenges” Economic Forum in Krynica, 2006

Monday, September 11, 2006

Bucharest, 11th September 2006 - The debates of the XVI- th edition of the Economic Forum on “European Challenges” held in Krynica Broj- Poland, between 6 and 9 September, focused on the theme of “European identity”.

Organized by the Foundation of the Institute for Eastern Studies in Poland, the forum is already known as “the Davos of the CEE”; this year, it brought together over 1,6000 participants from over 40 countries in Europe, Asia and the Americas. Opinion leader at global level from the economical, political and socio-cultural life debated during more than 100 sessions on the new trends of the economic development in Europe.

During a special session organized by ENTERPRISE INVESTORS POLAND and dedicated to Romania, called “Romania on the verge of joining EU: an important economic partner for Poland and Europe”, Alexandru Radasanu, vice-president and co founder of SIVECO Romania, presented a view of the opportunities and challenges for foreign investors on the Romanian market.

Based on macroeconomic data, the SIVECO representative underlined the major opportunities offered by the Romanian market, namely: the high level technological development of the economy, the significant involvement of the government, the huge potential of tourism, foreign trade targeting mainly to the EU countries, major privatization projects and, last but not least, the relatively high number of SMEs. As for the challenges faced by potential investors entering this market, they refer to the important reforms in the agricultural and financial sectors respectively, as well as large scale projects in business verticals like the central and local administration, utilities, telecommunications or the banking sector.

The market for EAS (Enterprise Application Suite) solutions is one of the sectors with potential for co-operation between Poland and Romania. According to an IDC study in 2005, SIVECO Romania gained a 19,3% market share, thus consolidating its position as the most important local software house.  In this respect, the consortium formed by SIVECO Romania and ABG Ster-Project (from Poland) has won the tender for the project to develop “the software system for the IT system of The Payments and Intervention Agency for Agriculture (APIA) and IACS”.

The completion of this project is a pre-condition for Romania’s integration into the EU, closely followed by both Romanian Government and officials in Brussels. Once the APIA agency gets accredited, CAP (Common Agriculture Policy) requirements will allow financial support for Romanian farmers (in terms of direct cash payments) in a coherent and transparent way.

SIVECO Romania’s presence at the Krynica Economic Forum on “European Challenges” comes as recognition of the company’s prestige at European level, marking also an important step towards the establishment of future business partnerships.