The digital economy in Romania: theoretical approaches and the current state of development in the context imposed by the European Union

Abstract

For Romania, as a member of the European Union, this digital age launches new challenges through which it is required to take measures and elaborate governmental strategies, to exploit the digital potential for the benefit of citizens, to integrate new technologies into the economic and social structure, to adapt quickly and efficiently, the institutions and the legal framework so that the new economy can evolve, activate the social potential in the digital direction and capitalize on the competitive advantages it has. From this perspective, the objective of this scientific endeavour is the role played by the digital transformation processes in which the digital technology and the related changes lead to the economic growth of the entities, regions and countries. Thus, the paper aims to be an analysis and clarification on the impact that the phenomenon of digitalization has on Romania, taking into account the current level of development of the digital society and competitiveness reflected through various reports and with respect to the context of the National Strategy on the Digital Agenda for 2020.

The spread of COVID-19 Coronavirus in Romania: Approaches and Consequences on the Economy

“…Regarding the costs of the information available online, at this moment, we have identified values of 8,103.9 million lei for benefits following the suspension of activity, 6,042.4 million lei for balancing the social insurance budget and 16 billion lei for the IMMINVEST ROMANIA Support Program of small and medium enterprises for relaunching the activity, to which is added 200 million lei for the aid scheme for SMEs affected by COVID-19, repatriation costs, quarantine costs, parental costs and allowances [18]. In order to reduce the effects of COVID-19 coronavirus on the Romanian labor market, it is necessary to adopt a series of active measures to ensure:…”