The US investment fund Carlyle, which operates in Romania through its offshore gas venture, is assessing potential options to acquire the foreign assets of Russian oil group Lukoil, Reuters reported, as cited by
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.
The US investment fund Carlyle, which operates in Romania through its offshore gas venture, is assessing potential options to acquire the foreign assets of Russian oil group Lukoil, Reuters reported, as cited by
Record public investments amounting to about 8% of GDP in 2026 could offset the negative fiscal impulse generated by consolidation measures and support a firmer economic expansion next year, Daniel Dăianu, President of the Fiscal Council, told Ziarul Financiar on November 13. Romania anticipates economic growth...
Romania's industrial output increased by 0.9% y/y and by 1.1% y/y in the core manufacturing sector in Q3, after 2.6% y/y growth (+3.1% y/y in manufacturing) in September, according to data published by the statistics office INS. The annual growth rate in Q3 was slightly slower (+0.5% y/y and +0.6% y/y) when adjusted for the […]
Romania’s GDP increased by 1.6% y/y under the national methodology and 1.2% y/y under the methodology used by Eurostat, according to the flash estimate published by the statistics office INS. This resulted in a Eurostat methodology growth rate of around 1.4% for the first three quarters of the year. The GDP declined by only 0.2% […]
The Christmas markets have become major tourist attractions in certain cities, drawing visitors with their mix of traditional crafts, tasty foods, and festive atmosphere. Below we list some of the main ones, from those transforming historic squares to events held in major urban centers. Bucharest Christmas Market November 29 - December 28 Held in the […]
The Romanian Wind Energy Association (RWEA), the Romanian Photovoltaic Industry Association (RPIA) and the Renewable Energy Producers Organization in Romania (PATRES), representing members with a total installed capacity of over 6.5 GW, warn of the risk of a major bottleneck in the energy sector caused by the introduction, without a transition period and with an […]