Sigma Software Group opens first delivery hub in Romania

Business Forum

7 April, 2025 at 6:02 PM

Global IT service provider Sigma Software Group has announced the opening of its first engineering hub in Romania, marking a significant expansion of its European presence.

The new hub will enable Sigma Software to enhance its relationships with EU-based companies and further develop its partnership network within the CEE .

This expansion brings the company's total number of offices to over 40, spread across more than 20 countries worldwide.

“Global customers require a global presence. Today, Romania is one of the top emerging tech countries. With a business-friendly environment and a dynamic tech ecosystem, Romania is the perfect place for Sigma Software to expand our engineering capabilities,” says Alyona Nesterenko, Head of Sigma Software OptiCo.

Sigma Software plans to hire over 100 professionals in Romania in 2025-2026. The company also aims to expand its engineering operations, considering that the country has more than 200,000 people employed in the tech sector.

Bucharest office fit-out costs remain among lowest in CEE

Bucharest has seen a 12% increase in average office fit-out costs in 2024, surpassing €1,000 per sqm, but this level is still among the lowest in capital cities across CEE, according to Cushman & Wakefield Echinox research.

Real estate

iO Partners signs CEE-based partnership with Miebach

iO Partners and Miebach Consulting have formed a new partnership to deliver enhanced real estate and supply chain solutions across CEE.

Real estate

15 new hotels coming to Romania by 2026

Romania is preparing for a wave of new hotel openings in 2025-2026, solidifying its position as an attractive tourist destination in CEE, according to a report by Colliers.

Finance

IFC announces landmark investment for infrastructure sustainability in CEE

In addition to the IFC's contribution, the AIIB (Asian Infrastructure Investment Bank) will invest an equivalent amount, bringing the total value of the bond issue to €200 million.

Real estate

Western European companies lead property investments in Romania

Western European investors have been the most active buyers of real estate assets in Romania over the past five years, making placements of €1.75 billion, according to data from Cushman & Wakefield Echinox.

Economy

Romania consolidates second position among M&A markets in Central and Eastern Europe

Excluding the mega-transactions (with values of more than €500 million), the average transaction value was € 34 million in 2024, compared to €25 million in 2023.

Finance

Romania strengthens position as third most preferred destination for investment in CEE

With 138 deal announcements in 2024, Romania has seen a 6% increase in deal volume from the previous year.

LATEST NEWS

27 Nov

LPP expands to 125,000 sqm in CTPark Bucharest West

27 Nov

PPC Blue Romania acquires Hermes Flow charging network

27 Nov

Bucharest housing prices surge 60% in past six years

26 Nov

Over 27% of Romanians interested in buying heat pumps

26 Nov

Rețele Electrice Romania launches €40 million grid upgrade

RECOMMENDED FROM THE HOME PAGE

Energy

PPC Blue Romania acquires Hermes Flow charging network

PPC Blue, the electric mobility division of the PPC Group in Romania, has acquired the Hermes Flow network with 116 charging points to expand its national infrastructure.

Agriculture

Grup Șerban opens €11.5 million poultry farm

Grup Șerban Holding has inaugurated the Moldavia Poultry Farm, an €11.5 million investment located on European Road E85 in Orbeni commune, Bacău County. 

Finance

Cris-Tim starts trading on BVB

Cris-Tim Family Holding debuted today on the Bucharest Stock Exchange's (BVB) under ticker CFH, becoming the first food industry company listed on Romania's main market. The company completed an IPO worth €89.3 million in late October.

Energy

Over 27% of Romanians interested in buying heat pumps

Although heat pump technology for heating and cooling is increasingly present in public discussions, the actual level of knowledge and usage remains low in Romania, according to research conducted for the despre-energie.ro platform, a project by E.ON and Delgaz Grid companies.

Energy

Rețele Electrice Romania launches €40 million grid upgrade

Rețele Electrice Romania, part of the PPC group, has launched a procurement procedure for modernising medium and low voltage networks in Bocșa, Caraș-Severin county. The project, worth over RON 198 million (€40 million) excluding VAT, will benefit approximately 17,000 inhabitants and is co-financed through the Modernisation Fund.

POPULAR

Industry

2 months ago

Romania to buy supercomputer for AI Factory

Industry

3 months ago

Romania receives second-largest allocation in European Defence Fund

Industry

3 months ago

Leroy Merlin boosts Romanian investment budget by 50% in 2025

Industry

3 months ago