Romania's tourism min, Trencadis sign 10.2 mln lei (2 mln euro) contract for IT tool

Under the deal, Trencadis will develop an informatic system to increase efficiency of tourism-related activities, the ministry said in a press release on Wednesday.

The IT system developed by Trencadis will help centralise and validate information related to the registers of tourist reception structures, travel agencies, tourist guides and tourist heritage.

Trencadis is a Romanian IT company established in 2007, specialised in offering software solutions to entities in the public and private sector. In 2021, the company booked a net profit of approximately 2 million lei on a turnover of 99.9 million lei. At end-2021, Trencadis employed 110, data from the finance ministry's website showed.

In November, Romania's state-owned EximBank said on Tuesday that it is lending 60 million lei to Trencadis. Trencadis will use the loan to finance expenses related to a public sector contract it won at the end of last year, as part of a consortium of local IT&C companies, EximBank said at the time.

(1 euro=4.9206 lei)