Meanwhile S&T downgraded estimates regarding this year’s turnover. Due to the difficult economic environment, with no major public project finalized since the beginning of 2009, and with state-financed projects expected to be frozen until after this fall’s presidential elections, the company’s business is expected to drop some 10-11 percent by the end of the year, while company officials were initially forecasting growth.
“The public sector was non-existent in business this year, while the private sector, although with a lower value compared to last year, complied with its plans. The value of private acquisitions of equipment and licenses dropped some 30-35 percent,” S&T Romania’s Chairman of the Board, Dan Roman, told Business Standard.
The company’s main competitors on the local market are Romsys, HP, and IBM.
