CFA Romania Association launched on Tuesday a study about the aging population and the economic consequences of that phenomenon, considering that it is an important matter for Romania's public policy agenda which cannot suffer any delays. “2040 is the year when Romania population aged 65+ will exceed people under 24 years old, each of those categories representing about a quarter of Romania's population at that moment,” a press release of the Association shows. According to the source, Romania is an exporter of labor force and social balance in EU. Studies show that, in the context of an open market, certain imbalances in developed markets are covered by imported labor force. Romanians who emigrated contribute both to covering the necessary labor force in fields with deficit and to balancing the social system and social contract in EU countries. According to the study we do not have money and things will become more complicated if we do not contribute to changes. The study shows that we have more imbalances that lead to this deficit, such as the aging population, the taxing system and collecting level and labor productivity. The study shows there are several factors which make that the social contract is hardly accepted in Romania. They are nominal components such as the quality of education ad access to social services, and relative components pointing out how well we live compared to other social classes or professional categories. Moreover, the social contract proposed by other EU states are better received by society. According to the press release, education and health represent bases of a healthy system, offering individuals the opportunity to have a decent life, in a country with big opportunities. The study shows that it is expected that people who have access to education and health should be able to ensure the other needs, in condition in which Romania has many opportunities. CFA Romania considers that the problem of aging population is important for Romania's public policy agenda and cannot suffer delays. CFA Romania Association is the organization of professionals in investments in Romania, owners of the title of Chartered Financial Analyst (CFA), a qualification administered by CFA Institute (USA). CFA Romania is one of the over 160 member societies of CFA Institute and has the mission to promote interests of investment specialists and to maintain high standards of integrity and professional excellence. At present, CFA Romania Association has over 250 members, owners of the title Chartered Financial Analyst. The CFA community also includes about 150 candidates for one of the examination levels.
• Total leasing activity in Bucharest is 71% higher at the end of the first quarter compared to the same period last year. Bucharest, 8 April 2024 - The office market remains fluid and flexible. Two distinct trends have emerged in 2023: securing entry into prime new locations and optimising the portfolio through best value […]
The House of Lazăr Năftănăilă, a Roma household brought from the village of Calbor, in Braşov county, has officially opened at the Dimitrie Gusti Village Museum in Bucharest. The house opened alongside a barn brought from Vişeul de Mijloc, in Maramureş county, which hosts an exhibition and VR venue showcasing elements of the history and […]
The current European Commission president is running for a second term at the helm of the Union’s executive, but EU diplomats and politicians have been speculating on who could replace her. Politico Europe gathered the names being thrown around in Brussels and ranked their chances. Romanian president Klaus Iohannis is ranked as having the biggest chance to […]
Real developer STC Partners began the development of phase II of the residential compound Quartier Azuga, located near the Tei area in Bucharest, with an investment value of over EUR 15 million. This stage is to be completed by the end of 2025. Construction works at phase I are currently underway, the company said. The […]
This article series tells the stories of the 15 finalists selected in the Made in Romania 2023 program. Made in Romania is the flagship program of the Bucharest Stock Exchange dedicated to the development and promotion of the Romanian entrepreneurial environment. The program’s goal is to select and promote Romanian companies that have the greatest […]
Local construction company Concelex, as the general contractor, said that it completed the project to expand and modernize the Danube Delta airport in Tulcea, southeastern Romania, which thus became an international airport at Schengen standards. The total value of the project was RON 180 million (some EUR 36 million), covered by European funds. The association […]
