- In the third quarter of 2021, the employment rate1 for the population aged 20-64 years was 67.6%. - In the third quarter of 2021, the economically active population of Romania was 8227 thousand persons, out of which 7791thousand were employed persons and 436thousand unemployed persons. The employment rate of the working age population (15-64 years) was 62.3% in Q3. 2021, down 0.1 percentage points from the previous quarter, according to data released Friday by the National Institute of Statistics (INS).The employment rate was higher for men (71.2% compared to 53.1% for women) and for people in urban areas (67.2% compared to 56.3% in rural areas).According to INS data, the employment rate of young people (15-24 years old) was 20.6%.On the other hand, the unemployment rate in Q3, 2012 was 5.3%, up 0.2 percentage points from the previous quarter.By gender, the gap between the two unemployment rates was one percentage point (5.7% for men compared to 4.7% for women), and by residential area, 4.5 percentage points (7.9% in rural areas, compared to 3.4% in urban areas).By age groups, the unemployment rate reached the highest level (21.5%) among young people (15-24 years).INS states that, apart from the 7,791,000 employed people, another 837,000 people worked in their own farm, to produce agricultural goods intended exclusively or mostly for self-consumption, these being in one of the following situations: either only a small part of the obtained agricultural production is destined for sale, or the obtained agricultural production is destined exclusively for own consumption and represents a substantial part of the total consumption of the household.The rate of the productive population - calculated for the 15-64 age group was 66.6% in Q3, 2021, and 72% that for the 20-64 age group.
East Grain Group and Poultry Investment SA have acquired the 45% stake previously held by UBM Group in UBM Feed Romania, thus becoming equal shareholders in one of Romania's largest feed producers, which will now operate under the brand Protena. East Grain is controlled by Czech agri-food group Agrofert, one of the largest agribusiness groups […]
The Foreign Investors Council (FIC) has appointed Ruxandra Băndilă as its executive director. Băndilă will coordinate FIC's activity and "will contribute to strengthening the dialogue with authorities, consolidating the organization's positioning as a reliable partner in promoting a stable and predictable business environment, as well as supporting Romania's becoming a competitive and attractive destination for […]
Romania’s European projects and investments minister, Dragoș Pîslaru, announced that he will notify the European Public Prosecutor’s Office (EPPO) regarding the purchase of electric minibuses for students with EU funds. The minister said that “multiple dysfunctions” were noted in how the EU funds were used in the project. Aside from notifying the EPPO, the minister […]
Only about 44% of employees in Romania say they have used AI in the past year, while the average usage rate in the 48 countries included in the report was 57%, according to the PwC Workforce Hopes and Fears Survey 2025 report. India and Vietnam are at the top, with 84%, followed by China (78%). […]
A new four-star hotel is set to rise next to Bucharest’s Henri Coandă International Airport, following a EUR 45.5 million investment announced by real estate developer D. GROUP. The Wyndham Garden Bucharest Airport Hotel, scheduled to open in July 2027, will introduce the Wyndham Garden brand to Romania for the first time. Located 150 metres […]
Romania ranks 3rd in a European heatwave vulnerability ranking and will experience 3 heatwave events annually, lasting 17 cumulative days with average temperatures of 36.82°C, placing it ahead of all Mediterranean countries, according to new research from climate system experts at Reinders Corporation. The study analysed climate modelling data, heatwave frequency, and average temperatures across […]
