The unemployment rate in the euro area remained stable in January, at 6.2%, while in the case of the European Union, the unemployment rate remained stable at 5.8%, according to figures published Tuesday by Eurostat.In absolute terms, 12.82 million people in the EU were unemployed in January, of which 10.65 million in the euro area. Compared to December 2024, the number of unemployed people decreased by 8,000 in the EU and by 42,000 in the euro area.The lowest unemployment rates in the EU were recorded in the Czech Republic, Poland (both 2.6%) and Malta (3%). At the opposite end, the highest unemployment rates were recorded in Spain (10.4%) and Sweden (8.9%). In Romania, Eurostat data shows that the unemployment rate fell to 5.5% in January 2025, from a level of 5.7% in December 2024.The criterion used by Eurostat to define unemployment is that of the International Labour Office (ILO). Unemployed, according to the ILO definition, are people aged 15-74 who simultaneously meet the following three conditions: they do not have a job, they are available to start work in the next two weeks, they have been actively looking for a job, at any time during the last four weeks.In the case of Romania, according to data previously published by the National Institute of Statistics, the seasonally adjusted unemployment rate was 5.5% in January 2025, down 0.2 percentage points compared to that recorded in December 2024.The unemployment rate for men was 0.7 percentage points higher than for women, with the values being 5.8% for men and 5.1% for women.The number of unemployed people (aged 15-74) estimated for January 2025 was 450,900 people, down from the previous month (462,700 people) and the same period of the previous year (455,300 people).For adults (25-74 years old), the unemployment rate was estimated at 4.2% for January 2025 (4.5% for men and 3.9% for women). The number of unemployed people aged 25-74 represents 72% of the total number of unemployed people estimated for January 2025.According to the INS, the high level of 26.3% of the unemployment rate among young people (15-24 years old), recorded between October and December 2024, continues to be noteworthy.
This article series tells the stories of the 15 finalists selected in the BVB Arena program. BVB Arena is the flagship program of the Bucharest Stock Exchange, dedicated to developing and promoting the Romanian entrepreneurial environment. The program’s goal is to select and promote Romanian companies that have the greatest growth potential and high chances […]
Salt Bank, the first 100% digital Romanian bank built entirely from scratch, has been named by Celent as the 2025 Model Bank for Digital Bank Launch. Celent is one of the world’s most prestigious research and advisory firms focused on technology for financial institutions. By receiving the title of "2025 Model Bank for Digital Bank […]
The 8th edition of the national educational program “Healthy Lifestyle, Diverse Nutrition and an Eco-Responsible Attitude” under the motto “Good for Taste, Good for Health, Good for the Planet!” has concluded. The program was organized by the Taste Celebration Association and funded by the Auchan Foundation with 100,000 euros. The program aims to convey to […]
Romania's budget deficit, meaning the gap between revenues and expenditures, reached 3.39% of GDP after the first five months of the year, while the new government grapples with balancing initiatives. The deficit increased compared to the first four months, when it stood at 2.95% of GDP, and remained roughly stable compared to the first five […]
eLog, a Balkan-based provider of reusable transport packaging systems for the retail sector, has entered the Romanian market by leasing 4,000 sqm of warehouse and office space at CTPark Bucharest North. The facility, developed by CTP, will serve as eLog’s first operational hub in Romania, supporting its expansion into local retail logistics. Specializing in Retail […]
More than three-quarters of Romanians (76%) see Artificial Intelligence as an opportunity for the economy and society, although half of them also acknowledge its risks, according to a new RoCoach and Novel Research study. Overall, over one-third of respondents (35.7%) believe that AI will primarily lead to job losses, even if new types of roles […]
