The evolution of the economy and the social and political situation concern the Romanians of Millennials and Generation Z, who are expecting for the worsening of the economic conditions (59% of Millennials and 49% of those of Generation Z) and of the socio-political context (55% and 45% respectively) this year, percentages increasing by at least ten points compared to last year, according to a survey conducted by Deloitte."These prospects lead them to be more prudent about the job, so that the share of those who want to stay in the same company for more than five years has increased in the last year from 32% to 41% in the case of Millennials and from 21% to 42% among Generation Z, while the number of those who want to leave earlier than two years has fallen from 44% to 28%, respectively from 39% to 29%," shows Deloitte Global Millennial and Gen Z Survey 2022, conducted in 46 countries around the world, including Romania.The main concern for young Romanians is the increasing cost of daily life (51% of Millennials and 32% of Generation Z). However, young Romanians say that they can support their monthly expenses without difficulty (63% of Millennials and 57% of Generation Z). Generation Z representatives in Romania are also optimistic about retirement, with 55% confident that they will have a comfortable income at that time, while only 46% of Millennials have this conviction.On the other hand, the study signals that the proportion of Romanians who are stressed most of the time has decreased compared to last year by ten percentage points in the case of Millennials, to 34%, and by three percentage points, to 48%, for Generation Z.As regards the reasons behind the choice of an employer, the study mentions that it differs from one generation to another. For Millennials, the balance between work and personal life (44%) and development opportunities (37%) matters most, and those in Generation Z are more interested in salary and other financial benefits (31%) and the flexibility of working hours (28%).Currently, Romanian Millennials work mainly in the office (66%), while 24% work in a hybrid system and only 6% at distance, and 47% of those in Generation Z operate in hybrid system, 29% in the office and 22% remotely. For the future, Millennials would prefer to work more in the hybrid system (62%) and only 22% in the office, and those in Generation Z - 67% hybrid and 12% in the office.
Romania’s government has assumed responsibility in Parliament for legislation reforming magistrates’ pensions, prime minister Ilie Bolojan announced on December 2. He said the draft law had received the opinion of the High Court of Cassation and Justice, noting that the court’s assessment was negative. It is the government’s second attempt to have the bill promulgated, […]
Romania Education Alliance (REA), the first private school network in the country, announced it has exceeded the milestone of 1,000 students enrolled across its member schools just one year after launch. "The fact that we surpassed 1,000 students in our very first year of activity shows that the REA model addresses a real need in […]
Genesis College, one of the largest private educational institutions in Romania, announced the regulatory approval of the transaction through which the investment firm Mozaik Investments becomes its majority shareholder. The transaction, signed at the end of July, received all necessary approvals from the Competition Council on November 25, and, formally, the entire investment procedure is […]
The European Bank for Reconstruction and Development (EBRD) is lending up to EUR 29.9 million to the Romanian city of Brasov to finance energy efficiency upgrades in public buildings, initiating the city’s participation in the Bank’s flagship EBRD Green Cities programme. The Bank’s investment will fund the renovation of up to 20 public buildings, including […]
This festive season, JW Marriott Bucharest Grand Hotel invites guests to embrace the extraordinary and transform each moment into a lasting memory. On New Year’s Eve, the hotel unveils The Grand Countdown — a luminous celebration of new beginnings, thoughtfully crafted across four distinctive venues, each with its own character and atmosphere. The night begins […]
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control over ArcelorMittal Tubular Products Iași (AMTP Iași) by Metinvest B.V. of the Netherlands, part of the Ukrainian steel and mining group owned by Rinat Akhmetov, New Voice of Ukraine reported last week. Metinvest has...
