- 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%.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
