Large companies to opt for minor cost cuts and efficiency on IT budgets

Raiffeisen Bank Romania, the third-largest lender in Romania in terms of assets, has an information technology budget of some tens of millions of euro, a significant part of the company's total budget. The 2009 information technology budget allocated by Lafarge, a major cement producer on the local market, to Romanian operating units is 17 percent higher year-on-year.

Valentin Tomsa, General Manager of the SAPRomania software producer, said that in difficult economic times companies should first invest in software which will provide them with a clear image of their cash flows.

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