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Fivefold Pay Surge Since 2006 Reveals Romania Tech Boom

George Mihaiu has boosted his salary fivefold since 2006 and he’s still getting two job offers a day.

Mihaiu, 31, rode a wave of software investment streaming into Romania to increase his after-tax pay to about 2,000 euros ($2,790) a month, five times the country’s average. In the past 10 years, at least 50 technology companies, including International Business Machines Corp., Microsoft Corp., Oracle Corp. and Intel Corp., have set up offices in Romania, making it one of Europe’s biggest technology-worker hubs.