Feeds

Romania chucks €21m at IBM for Bucharest IT project

State aid for Big Blue in return for 900 new jobs

Build a business case: developing custom apps

IBM will get €21m in state aid from Romania's government for a €51.2m project in the country that's expected to create around 900 jobs.

Big Blue is planning an IT consultancy project in Bucharest and Brasov, the Ministry of Finance told financial daily Ziarul Financier (translated by Google Translate).

The aid package is one of two going to tech firms this year, with the other going to IT outsourcing company Endava. The government hands out bags of cash to firms making large investments, providing they create new jobs in the country.

IBM announced in 2011 that it would be opening up its eleventh centre of excellence in research, specialising in medical R&D, in Târgu Mureş in Romania. The centre would also be eligible for state aid but it was unclear if that centre was included in the €21m package announced, ZF said.

The tech giant had not returned a request for comment at the time of publication. ®

The smart choice: opportunity from uncertainty

More from The Register

next story
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Major problems beset UK ISP filth filters: But it's OK, nobody uses them
It's almost as though pr0n was actually rather popular
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
MPs wave through Blighty's 'EMERGENCY' surveillance laws
Only 49 politcos voted against DRIP bill
EU's top data cops to meet Google, Microsoft et al over 'right to be forgotten'
Plan to hammer out 'coherent' guidelines. Good luck chaps!
US judge: YES, cops or feds so can slurp an ENTIRE Gmail account
Crooks don't have folders labelled 'drug records', opines NY beak
Delaware pair nabbed for getting saucy atop Mexican eatery
Burrito meets soft taco in alleged rooftop romp outrage
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.