Google has released the results of a study on the impact of generative artificial intelligence in Romania, carried out by Implement Consulting Group. If Romania widely adopts generative artificial intelligence, the GDP could increase by 14-16 billion euros in the next ten years (meaning by 5%), according to the study “The economic opportunity of AI”, commissioned by Google. The research covers the region of Central Europe and of Eastern Europe (CEE) and analyzes in detail four countries, including Romania. The study also shows that 42% of jobs in Romania are likely to remain unaffected by generative AI, while 54% of jobs are expected to work together with generative AI and see a boost in productivity. Only 4% of jobs are estimated to be highly exposed to generative AI, leading to some job closures. However, the productivity boost from generative AI is expected to create new jobs replacing those lost to automation. According to Google report, CEE performs relatively well in early AI adoption drivers that ensure a safe and reliable AI-ready environment. However, the region falls behind EU average and global leaders in all adoption drivers. Romania has the lowest AI adoption in CEE, indicating they could be less AI-ready than the CEE average.
Romania has reached a purchasing power per capita of EUR 11,105, approximately 45% below the European average – a figure that places the country in 31st place in the European top, according to the "NIQ Purchasing Power Europe 2025" study. Compared to 2024, Romania moved up one position in the NIQ ranking. Comparatively, at a […]
Ionuț Costea, former head of EximBank, and Sebastian Vlădescu, former finance minister, were released on November 5 following an extraordinary prescription procedure, according to a statement from Romania's High Court of Cassation and Justice (ICCJ). The two had been sentenced in 2023 to six and seven years in prison, respectively, for taking a EUR 5.5 […]
Prime minister Ilie Bolojan, who also serves as president of the Liberal Party (PNL), stated on November 4 that, at the meeting of the party's National Political Bureau the same day, support was renewed for resolving the issue related to special (magistrates') pensions this month, but also for the reform in public administration, according to
Knauf Insulation Romania, the local subsidiary of a division of the German group Knauf, has officially inaugurated its new glass mineral wool factory in Târnăveni, Mureș County, after an investment of EUR 140 million, for which the company also received EUR 18 million in state aid. "Our factory in Târnăveni, equipped with state-of-the-art technology, has […]
Corden BioChem, an expert in industrial biotechnology, could resume production at the bioethanol factory it took over from Swiss Clariant in southern Romania (or "Lesser Wallachia" as indicated by the company) at Podari, after the Competition Council authorised the takeover of the steam and electricity supplier. The company announced on its website that the Podari […]
Romania’s general government budget deficit can drop below 6.5% of GDP next year, possibly approaching 6% of GDP, to further drop below 5% of GDP if the tax evasion and tax avoidance are addressed, the head of the Fiscal Council, Daniel Daianu, said, speaking in a conference organised by Curs de Guvernare, as reported by […]
