The unemployment rate in the second quarter of 2024 was 5%, down by 0.3% against the one recorded in the first quarter of this year, the National Institute for Statistics (INS)announced on Friday. According to statistics the employment rate of the working age population (15 - 64 years) was 64.4% in Q2, increasing by 0.2% compared to the previous quarter. INS data show that, in Q2, the employment rate of the population aged 20 - 64 was 70%. During the period under analysis, the active population of Romania was 8,417 million people, out of which 7,996 million were employed and 421,000 people were unemployed. At the same time, the employment rate of the working age population (15 - 64 ) was, in Q2 2024 64.4% increasing by 0.2 % compared to Q1 2024. According to INS, the employment rate was higher for men (72.4% compared to 56.3% for women) and for people from urban areas (70.8% compared to 56.8% in rural areas). The employment rate of young people (15-24) was 18.7%. By gender, the difference between the two unemployment rates was 0.7% (56.3 for men vs. 4.6% for women) and by residential environments of 4.4% (7.6% in rural areas, compared to 3.2% in urban areas). By age group, the unemployment rate reached the highest level (22.7%) among young people (15-24).
Gold has been one of the most sought-after assets for centuries, and in the modern era, it has become a highly popular component of investment portfolios. A preferred asset for protection against economic risks, gold has delivered attractive long-term returns, increasing by approximately 8% per year over the past two decades. Since the end of […]
JTI Romania is the Top Employer for the 12th year in a row, being ranked third amongst 44 companies locally awarded, after an assessment conducted by the Top Employers Institute. The company was rated for about 20 criteria such as leadership, talent acquisition, on-boarding, digital HR, work environment, career development, learning, ethics & integrity, diversity, […]
Romanian defense minister Angel Tîlvăr stated that the contract for the Patriot system, which will replace the one ceded by Romania to Ukraine, is expected to be signed in February. The minister commended the decision of the United State government to approve the delivery of three Patriot systems to Romania. Raytheon stated it will collaborate […]
Romanian companies are entering 2025 with cautious optimism, focusing on managing risks and controlling costs, according to the Deloitte 2025 Romania CFO Survey conducted at the end of last year among approximately 130 Chief Financial Officers (CFOs). Most of the Romanian CFOs predict an increase in revenues for this year (58%), but their share has […]
Several employees of the Romanian Senate began protesting and booing while the president of the upper Chamber was announcing that staff restructuring would be implemented to reduce public spending. Ilie Bolojan, president of the National Liberal Party and head of the Senate, announced a reduction in the organizational chart from 796 positions to 618 positions. […]
The members of the Romanian angel investor network TechAngels put EUR 2.757 million in direct investments in tech startups in the second half of 2024, almost triple the amount invested in the year's first half. The investments for the entire 2024 rose to EUR 3.777 million, a 25% year-on-year increase. The rounds backed by TechAngels […]
