Romania's digital economy can grow fourfold to reach 50 billion euro by 2030, Secretary of State with the Ministry of Research, Innovation, and Digitalisation Bogdan Dumea told the opening of GoTech World 2024 on last Tuesday."The calculations we have show that Romania's digital economy, including commerce and funding, could grow four times in the coming years. By 2030, we estimate that we could reach a market of 50 billion euro, which encourages us and shows that we need to invest heavily in everything related to digital skills, in adapting to the market, in the development of SMEs in this area, and ultimately, in the development of the state, digital skills, and public servants, so that they can offer the services we all desire. According to IMF studies, 40% of the tasks we have in the workforce today can be automated. At the same time, Google tells us that 70% of administrative tasks in government can be automated. This means that we have enormous potential to improve, but also to change the paradigm, change the labour market, and the way jobs look today," the official mentioned.According to Dumea, in terms of the number of specialists, Romania ranks first in Europe and sixth in the world per 1,000 inhabitants."We are in this significant period of Artificial Intelligence, and this is the topic we are discussing at all the events we attend right now, whether it's about research, innovation, science, or anything related to entrepreneurship. Everything starts with AI (...) The good thing is that Romania and Romanian companies have this opportunity to be at the forefront of this progress and to manifest, to enjoy all the opportunities that AI technology offers us. We need to capitalise on it and do our best to harness this immense potential of technology. Romania, if you didn't know, ranks first in Europe when it comes to the number of IT specialists per 1,000 inhabitants. We even surpass the United States in this regard and are sixth in the world. So, we have everything we need to develop significantly right now," said Dumea.This year's edition of the B2B GoTech World expo-conference is taking place at Romexpo, November 12-13, gathering over 120 industry experts and around 100 exhibiting companies. The organisers estimate that around 15,000 people will be attending, including approximately 7,000 from the C-level category.
Homedit, a Romanian brand of premium furniture and home décor, announces the official opening of its first showroom, located in an interwar house in central Bucharest ("The Bamboo House”, located at No.3, Dumbrava Roșie St.). With a total investment of approximately EUR 12 million, the business was founded in 2016 as an online store by […]
The 32nd edition of the Sibiu International Theatre Festival (FITS) begins on Friday, June 20, bringing over 5,000 artists from 82 countries to the city. The events will take place over ten days and will transform the city into an "open-air stage, with large-scale productions, impressive installations, parades, fire shows, live music, aerial dances, and […]
The well-known science and nature channel Discovery is currently marking four decades since its global launch in 1985 with a special series titled "Discovery Changed My Life,” bringing testimonies from personalities whose vision was shaped by Discovery. Among those featured is also Romanian mountaineer and conservationist Alex Găvan. The series premieres on Sunday, June 22, […]
Meta Estate Trust (MET), a holding company operating in the real estate sector, has invested approximately EUR 2 million in a new retail park currently under development in Ciolpani, a commune located on the Bucharest–Ploiești corridor (DN1), it said. The project is scheduled to be completed and handed over to tenants this year, with an […]
Romania benefits from a series of favorable factors that facilitate the growth and expansion of data center capacity and could emerge as a developing market, according to an analysis conducted by the real estate consultancy company Cushman & Wakefield Echinox. A diversified energy mix, with over 50% of energy production coming from renewable sources, along […]
The German company DEHN, a manufacturer of electrical engineering solutions for critical infrastructure, including lightning and surge protection, as well as safety equipment, will open a production site in Piteşti, southern Romania. The facility, the company's first in the country, will expand its capacities to serve customers in Europe. It fits seamlessly into the company's […]
