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.
TeraPlast Group recorded a 34% increase in revenue in 2024, reaching RON 897.9 million, compared to RON 672.3 million in 2023. This growth is generated by an increase in sold volumes, the launch of operations at the Opal stretch film factory, and the consolidation of results from companies acquired in 2024. EBITDA remained at a […]
The construction of the Cluj-Napoca subway began on Tuesday, February 25, with the consolidation work on the hill located in the area of station 2 in the Florești suburb. Once completed, the subway in Cluj-Napoca will be Romania's second, after the one in Bucharest. It will be 21 km long and include 19 stations. The current […]
Electric services group Hidroelectrica, the largest company on the Bucharest Stock Exchange (BVB), reported a net profit of RON 4.1 billion in 2024, down 35%, and revenues of RON 9.1 billion, 25% lower than in 2023, according to financial data published on Wednesday, February 26. Hidroelectrica said its results were influenced by the decline in […]
Medisprof Cancer Center has received approval for the Zonal Urban Plan (PUZ) for its new integrated oncology hospital in Cluj-Napoca, marking another step in the project estimated at a total of EUR 22 million. The approval paves the way for the construction phase, which is expected to begin in 2026 and take 24 months to […]
Romania’s High Court of Cassation and Justice has definitively rejected far-right politician Călin Georgescu's appeal, through which he requested the suspension of the declassified documents that served as the basis for the annulment of the presidential elections in December 2024. The lawsuit was filed at the Bucharest Court of Appeal by the Association for the […]
Update: Prime minister Marcel Ciolacu had his first reaction after Călin Georgescu was brought in for questioning at the Prosecutor's Office. He said that, given the tense electoral context, judicial bodies are obligated to present solid and impeccable evidence in the investigation that also involves a potential candidate in the May elections. He also reiterated […]
