- In the fourth quarter of 2021, the employment rate for the population aged 20-64 years was 67.3%. - In the fourth quarter of 2021, the economically active population of Romania was 8238 thousand persons, out of which 7752thousand were employed persons and 486thousand unemployed persons. The employment rate of the working age population (15-64 years) was, in the fourth quarter of last year, 62.1%, decreasing compared to the third quarter of 2021 by 0.2 percentage points, according to data published on Friday by the National Institute of Statistics (INS).The employment rate was higher for men (71.1% compared to 52.9% for women) and for people in urban areas (67.8% compared to 55.2% in rural areas). The employment rate of young people (15-24 years old) was 20.8%.On the other hand, the unemployment rate in the fourth quarter of 2021 was 5.9%, up 0.6 percentage points from the third quarter of 2021.By gender, the gap between the two unemployment rates was 1.4 percentage points (6.5% for men compared to 5.1% for women), and for residential areas, 6.2 percentage points (9.5 percentage points, compared to 3.3% in urban areas).By age groups, the unemployment rate reached the highest level (23.4%) among young people (15-24 years).According to the INS, apart from the 7,752,000 people employed, another 719,000 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 the majority of the production obtained in the household was consumed in one's own household and only a small part of the agricultural production obtained was destined for sale, or the agricultural production obtained is destined exclusively for one's 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 65.9% in the fourth quarter of 2021, and that for the 20-64 age group, 71.2%.
The exhibition RomanIa – Identity representation of traditional dress in art, currently on view at the National Museum of Art of Romania (MNAR), gathers a variety of artistic representations of the traditional blouse ia, from painting and sculpture, to drawing, photography, installation, film, music, posters, fashion, books, albums, and more. It includes works by Henri […]
Over 136,000 non-EU citizens held residence permits for employment in Romania at the end of August this year, most of them coming from Nepal, Sri Lanka, Turkey, Moldova, and India, and two out of three immigrants live in Bucharest, Ilfov, Constanța, Timiș, and Cluj, according to a study conducted by the Economic and Social Council. […]
Romanian prosecutors conducted house searches in 12 locations in Bucharest and two in Târgu Mureș on Wednesday, November 26, in a case targeting former employees of bankrupt insurer Euroins. Specifically, the searches targeted 10 individuals who held executive management positions within Euroins, as well as the headquarters of legal entities controlled by the Bulgarian shareholders […]
Prices in Bucharest’s premium residential market have doubled over the past few years, reaching record highs amid a severe shortage of supply in the city’s most exclusive neighborhoods, Cushman & Wakefield Echinox said. Areas such as Primăverii, Kiseleff, Aviatorilor, and Dorobanți continue to dominate demand. Over the past 2 or 3 years, prices for premium […]
The Romanian Consulate in New York shared on social media the story of George Pomuț (George Pomutz, born Gheorghe Pomuț), the Romanian-American who facilitated the sale of Alaska to the US. Despite his role in US history, the Romanian is largely unknown today, the Consulate noted. Pomuț was born in the Hungarian town of Gyula, […]
Shares of Cris-Tim Family Holding (BVB: CFH) began trading on the Bucharest Stock Exchange on November 26 after an IPO worth RON 454.35 million (EUR 89.3 million) conducted last month. Cris-Tim is now the largest entrepreneurial company in the food sector on the BVB Main Market. The funds raised from institutional and over 8,000 retail […]
