Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Telecom.IT : Romania’s EUR 5 Billion Plan for...

Telecom.IT : Romania’s EUR 5 Billion Plan for Digitalization and AI Implementation AI Could Increase Organizational Revenue by Up to 10%

September 24, 2024

International data points to an upward trend in the use of artificial intelligence (AI) technologies, and this growth is associated with promising prospects for organizational revenues, according to an analysis by the communication agency Businessing and the company Gov-Smart.   Forecasts indicate that in the coming years, companies integrating AI into their activities could see significant revenue growth, with increases between 6% and 10%.   Moreover, it is estimated that by 2030, Romania’s economy could benefit from a 13.5% growth, according to Techcelerator, due to the extensive use of artificial intelligence in the business environment. This figure represents enormous potential for the country’s economic development and innovation.   By 2027, 20.5% of PNRR funds, totaling over EUR 5 billion, are expected to be invested in developing digital infrastructure and encouraging the implementation of AI systems in both public and private services, according to the National Strategy on Artificial Intelligence.   The strategy includes seven areas for digitalization policies: connectivity, human capital, e-government, digital public services, and local digital ecosystems, business digitalization, investments in digital capacities, and the deployment of advanced technologies.   Of the amount allocated for digitalization, EUR 1 billion is expected to be used for developing the population’s digital skills, according to public data analyzed by Businessing and Gov-Smart.   The current reality of AI technology adoption in Romania is less optimistic, as the country still has a significant gap to close compared to other European nations. By the end of 2021, Romania was at the bottom of the European rankings in terms of integrating artificial intelligence into companies’ daily operations. Only 1% of all active companies in Romania had implemented AI in their workflows.This discrepancy between identified potential and current implementation underscores the need for sustained efforts to stimulate AI technology adoption in the Romanian business environment.   Unequal Access to Technology and Digital Skills Could Create a Two-Speed Society   A crucial aspect of this transformation is how technology influences jobs and the global economy. While some voices discuss the enthusiastic prospects of creating new opportunities and increasing efficiency, others raise concerns about potential threats such as job losses and growing economic inequality.   “Artificial intelligence will continue to play a crucial role as an executive tool, contributing to the optimization of processes and increasing efficiency across various fields. However, digitalization should not be perceived as a threat to jobs but rather as an opportunity for evolution. By reallocating human resources to functions that leverage expertise and the ability to generate a positive social impact, digitalization becomes a catalyst for societal progress, not a source of professional insecurity”, says Alexandru Panait, cybersecurity expert and founder of Gov-Smart.   Unequal access to technology and digital skills could create a two-speed society, where some areadvantaged while others are left behind.   Romania ranks 18th in the European Union in terms of the number of academic programs specialized in artificial intelligence, while Germany, the Netherlands, and Sweden taking the top three spots.   Therefore, it is crucial to implement policies and initiatives that promote digital inclusion and ensure that no individual or community is left behind in this transformation process.   Educational initiatives, government support, and collaboration between the public and private sectors can play a vital role in balancing the acceleration of digitalization and realizing the benefits that AI technology can bring in the near future.  

Read in full - click here
Romanian film review – Various delights: American Independent FF & Alfred Hitchcock

The countdown is on until the start of the largest local fest, Transilvania International Film Festival on 13 June. Or, as everyone calls it: TIFF. To pass the time and (or) have an alternative, do not miss some of the most entertaining stories of all time courtesy of suspense master Alfred Hitchcock. And check out […]

Survey shows about half of Romanians believe presidential elections were unfairly organized

Roughly 45.7% of Romanians believe the country’s May presidential elections were rather unfairly organized, while 50.4% believe they were fair, according to a survey by INSCOP Research.  Romania's previous presidential elections, which saw centrist Bucharest mayor Nicusor Dan emerge victorious, saw extreme polarization. Immediately after...

Romanian factory to begin production of three types of military drones

CARFIL Brasov, central Romania, is set to begin production of three types of Romanian military UAVs this year, news agency Agerpres reported. The drones, named Cuda, Sirin, and a marine drone, were unveiled at the Southeast Europe Special Operations Forces Forum 2025 (SEESOF) in Targu Mures, the first international expo-forum dedicated to the special operations forces. ...

Romania’s National Meteorological Administration aims to become European regional hub for training

The National Meteorological Administration of Romania, or ANM, aims to become a European regional hub for professional training in the field of climate change, according to director general Elena Mateescu. The official noted during “The Future of Agriculture” forum held on Thursday, June 5, that the ANM has already completed the European Agrometeorology Center, which […]

Several fake news campaigns currently targeting Romanians on social media, official sources say

Romania’s Interior Ministry (MAI) and Defense Ministry (MApN) have warned of ongoing disinformation campaigns on social media aimed at manipulating public opinion. The latest wave of false claims includes reports about the imposition of martial law and border closures, seeking to heighten public anxiety over the risk of war. Romanians, whether abroad or within the […]

IMF recommends Romania to increase VAT and excise duties, introduce two income tax rates in latest report

The International Monetary Fund (IMF) issued new recommendations to Romania, among which is an increase in VAT, but also excise duties, dividend taxes, and the introduction of two income tax rates of 15% and 25%. At the same time, it recommends the reduction or elimination of the health insurance contribution, as well as a change in […]