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.
Several civic organisations held a protest last week targeting the leadership of Romania’s judiciary, after accusing senior magistrates of overstepping their institutional roles, Epochtimes-romania.com reported. The groups - Iniţiativa România, Corupţia ucide,...
The ruling coalition will no longer negotiate with the Superior Council of Magistracy (CSM) and the High Court (ICCJ) on the magistrates’ pensions law but instead will come up with a revised version of the bill by November 18, inviting magistrates’ associations to demonstrate their loyalty by issuing the necessary consultative opinion timely, such to […]
Along with the American investment fund Carlyle, which is said to want Lukoil's assets under a global deal and is already active in Romania through the Black Sea Oil and Gas company as the third largest gas producer in Romania (10%), there are at least two other companies interested, according to Romanian minister of energy […]
Subscriptions under the November 2025 issue under the Fidelis government bond scheme were the weakest in the last six months, signalling a moderation in investor appetite for this form of savings. The state raised only RON 1.3 billion (EUR 260 million), of which approximately two-thirds came from tranches denominated in euros,
The International Monetary Fund (IMF), under its annual Article IV Consultations with Romania, said that the country’s general government budget deficit may drop to 5.8% of GDP in 2026 and suggested further steps for further fiscal consolidation. The Fund’s proposed plan focuses on personal income taxation, which would generate 0.9% of GDP higher revenues by […]
Romania’s current account (CA) deficit widened by 7.5% y/y to EUR 8.8 billion in Q3, despite a slight improvement in the balance of trade in goods (the country’s main source of external deficit), according to data published by the National Bank (BNR). The deficit of the trade in goods contracted by 7.8% y/y (by EUR […]
