Artificial Intelligence (AI) is quickly becoming one of the key drivers of economic development in the modern era. It has the potential to be implemented in nearly every sector from healthcare to agriculture to industrial manufacturing to increase their productive capacity.
Continuă lectura „The Rise of Artificial Intelligence in the EU”
Today, less than 1% of objects are connected to the Internet, but there are likely to be almost 6 billion Internet of Things (IoT) connections within the EU in 2020. The IoT blurs the lines between products, services and industry sectors. It means new innovative services or applications; better products with built-in services or applications; more efficient processes; improved energy and resource efficiency; better understanding of customers’ needs; increased flexibility and more possibilities for sharing.
While the service sector provides the largest share, 73.4 percent, of the European Union’s GDP, the industrial sector continues to be an important piece of the EU’s economic activity. Within the industrial sector, the EU is a world leader in textile and clothing manufacturing.
Entrepreneurship is a skill that can be learnt. You don’t have to be born an entrepreneur to run a successful business. You can become a good entrepreneur by developing an entrepreneurial mind set and skills.
If you are at the beginning of the road, having decided to start your own company but still somehow stuck due to financial problems or different challenges, you need to remind yourself that it can happen to everyone at some point, and the stress and worry can get to you easily. Though, understanding how to overcome your financial problems doesn’t have to be stressful.
Continuă lectura „What you need to know about inclusive finance?”
The EU General Data Protection Regulation (GDPR) is the most important change in data privacy regulation in 20 years according to the EU GDPR Portal.
The European Investment Fund (EIF) and Raiffeisen Bank, have signed a COSME agreement that will allow the Bank to provide RON 800,000,000 (ca. EUR 177m) in loans to small and medium-sized Romanian businesses.
Real GDP growth is forecast to remain strong over the forecast horizon, supported by fiscal easing and wage increases. Unemployment decreased significantly in 2016 and is projected to remain stable at low levels. With a positive output gap and the impact of previous tax cuts fading, inflation is set to pick up. The general government deficit is projected to widen due to tax cuts and public spending increases.
