# Romania digital and financial literacy gaps > Live situation record from CLSTR: https://clstr.news/situations/romania-digital-and-financial-literacy-gaps > Updated: 2026-09-02T12:07:00.000Z. Sources: 12. Developments: 2. Romania is experiencing significant gaps in essential modern competencies, specifically regarding digital and financial literacy. In terms of digital skills, the country maintains high internet connectivity that exceeds the European Union average, yet it ranks last in the EU for digital competencies. Only 31.84% of the population possesses basic or advanced digital skills. This gap is expected to affect the labor market, particularly as the rise of artificial intelligence increases demand for specialized roles. To address these needs, institutions like the Bucharest Academy of Economic Studies have introduced new MBA and Executive MBA programs focused on digital transformation and strategic management. Parallel to these digital challenges, a significant financial literacy gap has been identified. While 51% of Romanians believe they possess high financial knowledge, objective assessments indicate only 13% actually meet that level, which is below the European average of 26%. In response, the 'Naționala de Edu Fin' initiative was launched by Banca Comercială Română (BCR) to help citizens test and improve their practical financial management skills. ## Timeline ### 2026-09-02: Romania faces significant financial literacy gap A Eurobarometer report reveals a gap in Romanian financial literacy: 51% claim high knowledge, but only 13% pass objective tests, compared to a 26% EU average. BCR has launched an educational initiative. 2 sources. https://clstr.news/cluster/romania-faces-significant-financial-literacy-gap ### 2026-08-25: Romania faces digital skills gap despite high internet connectivity Despite high internet connectivity, Romania ranks lowest in the EU for digital skills, with only 31.84% of the population possessing basic digital competencies. 11 sources. https://clstr.news/cluster/digital-entertainment-industry-evolves-through-ai-and-cloud-computing --- Cite as: Romania digital and financial literacy gaps. CLSTR, https://clstr.news/situations/romania-digital-and-financial-literacy-gaps