The foreign capital will control over 80 percent of Romanian IT companies in four years, according to estimations by Pierre Audoin Consultations (PAC) consultancy company.

Between 5 and 10 companies with over 500 employees will work in the IT sector in 2010 in Romania, all with foreign capital, only 2 such companies currently operating on the market, PAC executive manager Eugen Schwab Chesaru told a news conference on Wednesday. Some 500 IT companies with less than 10 employees will disappear over the next four years, while the number of companies with 100 employees will double (40). But consultants believe that Bucharest will remain the favourite location for IT investments over the next 3-5 years. PAC believes that investments in IT centres in Bucharest will amount to 100 million euros and will create 3,000- 5,000 jobs in the sector.

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