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February 26, 2021
BUSINESS

Romania to invest EUR 3.9 bn to meet IT&C objectives by 2020

Romania needs to invest EUR 3.9 billion to increase broadband coverage, the use of e-government services, online sales and the number of employees in the IT&C sector, as part of the country’s IT&C objectives by 2020. “The direct and indirect impact on the economy, calculated in accordance with good practices in other European countries that have made similar investments, can be translated into a 13 percent increase in GDP, into 11 percent more jobs and lower administration costs by 12 percent in 2014-2020,” reads the National Strategy project for Romania’s Digital, published by the Ministry for Information Society, Mediafax informs. Most of the investments, namely some EUR 3.1 billion, will be allotted to broadband infrastructure development.

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