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Romania chucks €21m at IBM for Bucharest IT project
State aid for Big Blue in return for 900 new jobs
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. ®