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Research minister: We must ensure that artificial intelligence is developed and used responsibly and ethically

Tuesday, October 3, 2023

 The Minister of Research, Innovation and Digitisation, Bogdan Ivan Gruia, stressed Thursday at a debate that artificial intelligence (AI) must be developed and used responsibly and ethically and be available to all."Artificial intelligence can be used to automate repetitive and tedious tasks that are stressful for many people. (...) Artificial Intelligence presents a number of challenges. One of the biggest challenges is to ensure that AI is developed ...

Telecom authority head: 5G technology to be majority in Romania at 2026-end

Tuesday, October 3, 2023

Telecommunications operators give us hope that, sometime by the end of 2026, 5G technology will be the majority in Romania, but the transition will not be simple, president of the National Authority for Communications Administration and Regulation (ANCOM) Valeriu Zgonea told a specialist debate on Wednesday."We are talking about smart communities. Unfortunately, there are several approaches in Romania. As always, when we make a transition towards a certain ...

Infrastructure : HiSky inaugurates Bucharest - Chisinau route  

Tuesday, October 3, 2023


On Monday, September 25th, HiSky operated its first flight between Bucharest and Chisinau. Starting this week, the route enters the company's regular flight portfolio, with a frequency of three flights per week, every Monday, Wednesday, and Friday, departing from the capital of the Republic of Moldova to Bucharest and return.   The flights are operated with one of the Airbus A320 family aircraft in the ...

Agriculture: Financial aid worth over 83 million RON to support activities of cattle breeders

Tuesday, October 3, 2023

The Agency for Payments and Intervention in Agriculture (APIA) has authorized the payment of more than 83.11 million RON to support the activities of cattle breeders in 2022, in the context of the crisis generated by Russia's aggression against Ukraine, APIA announced on Thursday.The total funds authorized for payment are granted through the budget of the Ministry of Agriculture and Rural Development, for applicants who have accessed this form of state ...

Healthcare: Half of deaths in Romania are caused by cardiovascular diseases

Tuesday, October 3, 2023

 Half of the deaths in Romania are caused by cardiovascular diseases, and in the year 2021 one person out of four will be on the record of family doctors with a cardiovascular disease, states the National Institute of Public Health on the occasion of World Heart Day, celebrated every year, in everyone, on September 29."Cardiovascular disease is the number 1 silent killer worldwide, it is estimated that it takes the lives of 17.9 million people every ...

Trade: Report 2023: Romania Ranks 3rd In Online Sales In Central And Eastern Europe

Tuesday, October 3, 2023

With a consolidated 3.17% of GDP generated by online sales of goods and services (e-GDP), Romania ranks 3rd in Central and Eastern Europe and 12th on the European continent, according to the latest European E-commerce Report 2023 published by Ecommerce Europe and EuroCommerce.   Romania ranks 3rd in Central and Eastern Europe and in terms of sales volume in EU Member States, after Poland and the Czech ...

Real Estate : The number of sold properties increased in H1 2023, but the average price per asset decreased

Tuesday, September 26, 2023

  The number of sold income – generating real estate properties (office, retail, industrial & logistics spaces and hotels) during the first half of 2023 increased by 30% when compared with the same period of last year, but the average price per property decreased from €24 million to €11 million. Therefore, the transactional volume has seen an y-o-y decline of 43%, to a level of €181 million, according to data from the ...

Telecom.IT : Eight out of ten consummers in Romania noticed increase of online fraud and scams

Tuesday, September 26, 2023

  Eight out of ten consumers in Romania (83%) noticed an increase of fraud and scams directed either towards them, their friends or people they knew, Revolut informed. Revolut launched a new educational module created to increase prevention of fraud among customers. According to the latest data offered by Global Anti-Scam Alliance (GASA), frauds generated losses of over 50 billion euros in 2021. A recent Revolut study ...

Forscope Romania: Unlicensed software in Romania is estimated at 130 million Euros  

Tuesday, September 26, 2023


  Forscope Romania, the largest software broker focused on buying and selling second hand software in Central and Eastern Europe, is drawing attention on the magnitude of the software piracy trend in Romania which is estimated to represent more than half (53%) of the total number of installed software, at a market value of about 130 million ...

Study: 75% of companies believe the organization with the most advanced generative artificial intelligence wins

Tuesday, September 26, 2023

  Three quarters of the companies (75%) consider that the organisation with the most advanced advanced generative artificial intelligence will have a competitive advantage, but as in the case of any technology under quick development, the businesses prove to be unprepared and unsure about the way in which they can use it, show the data of the annual IBM study, CEO decision-making in the age of AI, Act with ...

  Infrastructure: Development of Brasov-Ghimbav International Airport, discussed by Development Minister Vestea with EU Commissioner Valean

Tuesday, September 26, 2023

The Minister of Development, Adrian Vestea, discussed, on Tuesday evening, with the European Commissioner for Transport, Adina Valean, the MEP Siegfried Muresan and the director of the Brasov-Ghimbav Airport, Alexandru Anghel on the development of the airport based in Ghimbav, the central Brasov County."We focused on finding support and financing opportunities for the development of Brasov-Ghimbav International Airport (AIBG). Commissioner Adina Valean ...

Tourism: Fewer foreign tourists in Danube Delta

Tuesday, September 26, 2023

Fewer foreign tourists visited the Danube Delta this year, and those who did preferred independent means, the situation being influenced mainly by the Ukraine war.   Marius Potolea, the vicepresident of “Discover Jurilovca” Association declared that the unit he is head of had recorded a 20% increase of the number of guests compared to last year, but at general level the situation was not a ...

Infrastructure: TAROM introduces more flights on Bucharest-Chisinau route from September 24

Tuesday, September 19, 2023

 TAROM introduces more flights on the Bucharest-Chisinau route, starting from September 24, the prices for a ticket starting from 85 euros/segment, the national airline operator announced on Thursday.The company will operate additional flights every weekend, reaching 21 round-trip flights per week.According to the source, the prices for a ticket to or from Chisinau start from 85 euros/segment with the transport of a 23 kg checked baggage and ...

14 million euros for two large infrastructure projects under Interreg IPA Romania-Serbia Programme

Tuesday, September 19, 2023

Two large infrastructure projects worth a total of 14 million euros in the area of emergency management and development of medical infrastructure in the border area have been selected for funding at the third meeting of the Monitoring Committee for the Interreg IPA Romania-Serbia Programme, the Ministry of Development, Public Works and Administration (MDLPA) announced.According to a press release issued on Friday, the projects aim to improve the health and ...

Romania awards 4.5 mln euro deal for road feasibility study to local tie-up

Tuesday, September 19, 2023

 Romania's road infrastructure company CNAIR said that it has signed a contract worth 22.3 million lei ($4.8 million/4.5 million euro) with a consortium of three local companies for a feasibility study for the construction of a section of the Filiasi-Lugoj expressway.   The contract has a 24-month duration, with the feasability study requiring completion within 22 months, CNAIR said in a press ...

Tourism : Over 871,000 non-resident tourists in tourist accommodation structures in Romania in H1

Tuesday, September 19, 2023

 The total number of non-resident tourists staying in tourist accommodation structures, such as hotels and hostels, was 871,600 in the first half of the current year, their expenditure amounting to 2.222 billion lei, with an average of almost 2,550 lei/person, according to data the National Institute of Statistics (INS) released on Friday.In this context, business trips (including participation in congresses, conferences, courses, fairs and exhibitions) ...

Real Estate: Romanian real estate investment market halved in H1 2023

Tuesday, September 19, 2023

The real estate investment market in Romania reached EUR 168 million in H1 2023, almost half the size in H1 2022, reveal data in a Colliers report published on last Tuesday.The industrial and logistics segment make up approximately 36% of the total, and the office segment some 31%.Also, offices remained an important asset class making up 31% of the total H1 2023 trade volume, while retail generated approximately 23% of turnover and hotels almost ...

New retail schemes in smaller cities reach a decade-high in deliveries

Tuesday, September 19, 2023

The first half of 2023 saw low new modern retail projects delivered, but the second half of the year is going to be more active, with about 260,000 square meters of new retail schemes announced for the end of the year, mostly in small and medium-sized cities, according to Colliers mid-year market report. Looking at the consumption structure, after years of high inflation, it is likely that households are starting to become more cautious and more oriented towards good quality- ...

Cars: New car registrations in Romania, up by 20%, after eight months

Tuesday, September 19, 2023

 New car registrations rose 20% in the first eight months of this year compared to the same period in 2022, while green brands reported a 35.9% jump and a market share of 23,4%, according to the data of the Directorate for Driving Licenses and Vehicle Registration (DRPCIV), processed by the Association of Automobile Manufacturers and Importers (APIA).Depending on the type of fuel of the registered cars, in the first eight months of this year, gasoline ...

Healthcare: Analysis: The Demand For Pharmaceutical Products Sold Online Increased By 34% In Eastern Europe

Tuesday, September 19, 2023


  The e-commerce sector for pharmaceutical products is experiencing unprecedented growth globally, and Eastern Europe is quickly confirming the trend. In 2022, Eastern Europe recorded 3 billion online visits on such platforms, marking a 34% increase compared to 2021. As a result, the region ranks fifth in global growth for 2022 compared to 2021, following other areas such as Sub-Saharan Africa (98%), Western Asia (51%), Southeast Asia (49%), and South Asia ...

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