Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Telecom. IT : IT industry accounts for...

Telecom. IT : IT industry accounts for 8% of Romania's GDP; AI technology is the future

June 12, 2024

The IT sector in Romania is making up 8% of the Gross Domestic Product (GDP), being one of the industries with the highest added value in the country, Minister of Research, Innovation and Digital Transformation Bogdan Ivan told the International Summit & Gala Award 2024 on last Wednesday."When we talk about AI and related technologies, we talk about the future, and right now, we're not just in a local or regional race, but in a global race. In my opinion, we should be focused on what we can do together, because, at the same time, we are part of the European Union, and we should share good practices with each other. Currently in Romania, the IT sector is making up over 8% of GDP, being one of the industries with the highest added value in the country (...) In the last five years, annual growth has been 2.5% and now the entire industry brings in almost EUR 9 billion every year. It is very important to have that open co-operation between the public and private sectors. Currently, we do not have a digital administration in Romania, because we still have the same architecture as 50 years ago and for this, we have over EUR 6 billion. I would like to thank ANIS and other specialists for their very good co-operation over the government cloud. We will start a public procurement procedure for the single application of the government with all over 30 public services by the end of 2024," Ivan said.He also brought up the disinformation part amid a year with many elections that will take place both in Romania and globally."We have a very important year, with four rounds of voting, and we need a very important tool to act in real time to counter disinformation. Because we have over two billion people who will choose leaders in 2024 worldwide. In Romania, we have elections for the local administrations to the European Parliament, the presidential and general elections. It is about our future and our democracy (...). A second topic regards innovation and certainly when we talk about innovation we have in Parliament the Romanian innovation strategy. We will have the beginning of the entire research framework and bring researchers to the same level as professors in universities. We are talking about a strong commitment on the part of the Romanian Government to bring value to research."Romania's Employers' Association of the Software and Services Industry (ANIS) organised the International Summit & Gala Award event, where the Excellence Awards of the IT Industry in Romania were awarded.At this year's edition of the competition, 26 proposals from 20 companies advance to the final stage.Established in 1998, ANIS represents the interests of Romanian IT companies and supports the development of the local software and services industry, the growth of both companies involved in outsourcing projects and those generating intellectual property by creating products. ANIS has over 170 members, representing both companies with Romanian and foreign capital, small or multinational companies, with headquarters in all major IT hubs in the country.ANIS members generate a significant number of highly qualified jobs. With a representation of over 65% of the total revenues generated by the IT industry at national level and approximately 42% of the total employees of the IT industry in Romania.

Read in full - click here
Romania plans to install surveillance cameras on main highways

Romania’s National Company for Road Infrastructure Administration (CNAIR) has announced plans to equip highways A1, A2, and A3, as well as national road DN1 with surveillance cameras, with the investment valued at RON 220 million (EUR 44.2 million) excluding VAT. The cameras will allow authorities to penalize drivers who exceed speed limits and detect other […]

Accor opens Swissôtel Poiana Brasov: A new benchmark for upscale hospitality in Romania’s premier ski resort

Accor, a global leader in hospitality, proudly announces the opening of Swissôtel Poiana Brașov, introducing the Swissôtel brand to Romania for the first time. Located in the heart of Poiana Brașov, Romania’s most popular ski resort, the hotel is surrounded by the lush landscapes of the Postăvarul Massif, making it an ideal escape for skiers, […]

Romanian MEP appointed chief negotiator of EUR 1.3 trillion multiannual EU fund

Romanian MEP Siegfried Mureșan (EPP/PNL) has been appointed by the political groups of the European Parliament as the chief negotiator for the future Multiannual Financial Framework (MFF) of the European Union post-2027.  Mureșan, who was chief negotiator for the EUR 800 billion European Recovery and Resilience Mechanism and the 2018 and 2024 EU annual budgets, […]

ING Bank analysts slash their Romania 2024 economic growth forecast as strong domestic activity dissipates through imports

Romania is failing to capitalize on strong positive private consumption and investments because of rising imports, which weigh visibly on economic growth, ING Bank analysts wrote in a note as they lowered their 2024 growth forecast from 2.0% to 1.3% on Friday, September 6. The detailed economic...

Romanian prime minister Marcel Ciolacu meets with Israeli counterpart Netanyahu

Romanian prime minister Marcel Ciolacu had a meeting with Israeli counterpart Benjamin Netanyahu in Jerusalem on Thursday, September 5. During the meeting, Ciolacu highlighted the importance of peace in the Middle East. The Romanian and Israeli prime ministers discussed economic cooperation projects, focusing on the defense industry, tourism, and Romania's agri-food exports. "We have dynamic […]

Statistics confirm Romania’s steep economic slowdown in Q2 2024 due to drop in net exports, industry and IT&C

Romania’s gross domestic product (GDP) increased by 0.8% in the second quarter of 2024 compared with the same quarter of last year, based on both unadjusted data series and seasonally adjusted data series, the National Statistics Office (INS) announced on Friday, September 6. For the first half of 2024, Romania’s GDP recorded an annual growth […]