The unemployment rate accounted for 5.6% in the third quarter of 2024, up 0.6 percentage points from the second quarter of this year, the National Institute of Statistics (INS) informs on Friday.According to the statistics, the employment rate of the working-age population (15-64 years old) was 63.3% in the third quarter, going down compared to the previous quarter.INS data show that, in the third quarter of 2024, the employment rate of the population aged 20-64 was 69.3%.During the reference period, Romania's active population was 8.211 million people, of which 7.751 million people were employed and 460,400 people were unemployed.The employment rate of the working-age population (15-64 years) was, in the third quarter of 2024, 63.3%, down 1.1 percentage points compared to the second quarter of 2024.According to the INS, the employment rate was higher for men (71.4% compared to 55.1% for women) and for people from urban areas (68.9% compared to 57.6% in rural areas). The employment rate of young people (15-24 years) was 19.6%.By gender, the gap between the two unemployment rates was 0.9 percentage points (6% for men versus 5.1% for women), and by residential area, 4.8 percentage points (8.2% in rural areas versus 3.4% in urban areas).By age group, the unemployment rate reached its highest level (26.9%) among young people (15-24 years old).
The Social Democrats (PSD), Liberals (PNL), and Hungarian party UDMR were, at the end of December 22, close to agreeing over the share of the ministries in a joint cabinet to be appointed before the end of the year, such as to enact the quasi-austerity package of fiscal corrective measures already inked by the Ministry […]
Romania's gas consumption will increase by 10 billion cubic meters in the next 3-4 years, which practically means a doubling of current consumption, according to the National Gas System Development Plan 2024 - 2033 drafted by the operator of the country's gas transport system, Transgaz. The additional source of gas would come from the Black […]
The government of Romania has approved an emergency ordinance (OUG) initiated by the Ministry of Energy with legislative amendments that allow ministries to increase their stakes in companies in which they are majority or minority shareholders in order to prevent their "hostile takeover" or "decapitalization," according to Profit.ro and
A draft ordinance inked by the Finance Ministry and consulted by Economedia.ro establishes the framework for fiscal measures to be applied in 2025, envisaging that state pensions, special pensions, and salaries...
Romanian president Klaus Iohannis has submitted a notification of unconstitutionality to the Constitutional Court regarding a controversial law approving Government Emergency Ordinance OUG 107/2024, which outlines fiscal-budgetary measures for addressing budgetary receivables and Romania's general consolidated budget deficit for 2024. The Presidential Administration announced the submission on Friday, December 20. The fiscal amnesty brought RON […]
President Klaus Iohannis is to hold consultations with the parliamentary parties on nominating a candidate for the prime minister job on Sunday, December 22, the Presidential Administration announced. The president, whose mandate has been extended after the
