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.
Economy minister Radu Miruţă (USR) announced on October 18, after the conclusions of the report of the prime minister's control body regarding the disaster at Praid salt mine, which was flooded earlier this year, that he asked the Salrom management to resign but they refused, he asked for a meeting and they refused again, and […]
The individual investors placed orders for RON 47.4 million (EUR 9.5 million) worth of shares put up for sale by cold cuts producer Cris-Tim (BVB: CHF) under the Bucharest Exchange IPO, according to Ziarul Financiar reporting after the first day of the public offering. Some 67% of the tranche for individual investors...
Electricity supplier and provider Electrica (BVB: EL), with the Romanian state as the largest shareholder, began the procedure for obtaining the necessary permits for the construction of 15 electricity storage battery parks, with a capacity of approximately 1 GWh. The project is scheduled for completion by 2030. Electrica will thus capitalise on land it already […]
GE Vernova announced that it has entered into an agreement with Portugal's Greenvolt International Power to supply, install, and commission 42 onshore wind turbines with a capacity of 6.1 MW each to power a wind farm in southern Romania (Ialomița County), according to Economica.net. ...
The general government budget deficit in Romania increased by 7% y/y and reached RON 103 billion (EUR 20 billion) in January-September, according to data published by
Romanian gas producer Romgaz (BVB: SNG) has filed an action with the European Court of Justice against the European Commission, requesting the annulment of certain regulations that impose CO2 storage quotas on oil and gas companies. The company considers the quotas disproportionate. It is the first time that Romgaz has initiated a direct action against […]
