Sourcing World –Second Edition – Romania
Cătălin BĂICULESCU, Țuca Zbârcea & Asociații
“Crown copyright material is reproduced with the permission of the Controller of HMSO and the Queen’s Printer for Scotland. Published in November 2014 by European Lawyer Reference Series, part of Thomson Reuters (Professional) UK Limited."
This second edition of Sourcing World serves as a single starting point of reference for corporations and their advisers. It provides valuable insights and guidance to international sourcing transactions, covering both contractual and commercial arrangements and their regulation. Written by outsourcing experts, every chapter gives a detailed overview of the legal and regulatory framework within each jurisdiction and of the terms and conditions relevant to finalizing an outsourcing deal.
The outsourcing market has been constantly growing in Romania in recent years. On the one hand, Romanian companies have started to understand the benefits of outsourcing non-core activities in order to increase their efficiency, while, on the other hand, Romania has become a significant provider of outsourcing services for multinational corporations. A growing number of data centers have been established and developed, capitalizing on the specialized workforce available, especially in the IT industry, at salaries which are significantly lower than in Western European countries.