Prime Minister Marcel Ciolacu on Monday welcomed at the Government House Google executives and participated in the signing of a memorandum of understanding between the Romanian government and the company as Romania is developing digital research and innovation infrastructure.Signing the document on behalf of Romania was Minister of Research, Innovation and Digital Transformation Bogdan Ivan."We have ambitious projects for public administration reform that involve the use of modern technologies such as Artificial Intelligence, improving operational efficiency, increasing digital security, promoting innovation in the public sector and adopting the cloud. We are advancing in terms of the digital transformation of public services, we are in the home stretch as far as modernising the tax system for fraud detection and increasing collection is concerned, and every day shows us how important it is to increase cyber resilience. We have also undertaken the operationalisation of the government cloud. Google's expertise and contribution are essential to putting into practice high-performance and safe public services for Romanians," Ciolacu is quoted as saying in a press statement released by the government.Ciolacu added that Romania is an attractive market for investors in the field of information technology, both through the opportunity of major projects in data centres and cloud services, as well as due to highly trained specialists and advanced legislation.Thomas Kurian, CEO of Google Cloud, talked about the importance of meeting with Romanian officials to discuss speeding up digital transformation for public services in Romania and the opportunities for implementing artificial intelligence.Google Cloud is dedicated to contributing to increasing the adoption of cloud technologies and facilitating innovative digital public services, in line with Romania's digital transformation goals and the European Digital Decade targets for 2030.At the same time, the Google executives reaffirmed their support to contribute to increasing cyber resilience of government structures by exchanging best practices, strengthening basic and advanced digital skills and adopting cloud computing technologies.This collaboration is designed to use modern technologies such as Artificial Intelligence, improve operational efficiency, improve citizens' experiences, increase the government's digital security and promote innovation in the public sector.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
