- 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%.
La French Tech Bucharest announces the third edition of its highly anticipated flagship event, Sustainability meets Profitability, set to take place on April 8th, 2025, at the Romanian - American University (1B Expoziției Boulevard, Bucharest), starting at 18:30. Sustainability meets Profitability event will explore the new regulations companies—big or small—must navigate and how they can turn […]
The builders of Romania’s important A1 Sibiu – Pitești highway are set to start the construction of a bridge over 300 meters long and at least 100 meters wide, allowing the animals of the Southern Carpathians to cross from one side to the other. The investment will pay off as a corridor for large mammals […]
The local business services industry has potential for growth, even if it will see a slower pace because the market is a mature one and given the high regional and global competitiveness, according to a report carried out by the Association of Business Service Leaders in Romania (ABSL) in partnership with Deloitte Romania. Still, the […]
Several Romanian military personnel who were on parental leave went to Congo as mercenaries, according to a statement from the Ministry of National Defense. The issue of active soldiers taking mercenary work first came up on the public agenda after PressOne...
The European Investment Bank and the government of Ukraine have agreed to allocate EUR 50 million from EIB funding to Ukraine's national railway company, Ukrzaliznytsia, for the modernization of key railway border crossings with Poland, Slovakia, Hungary, and Romania. The project includes repairs to worn-out railway tracks, the relocation of wagon inspections, the reconstruction of […]
Medicover has acquired the operations of the lab tests provider Synlab Group in Romania, Turkey, Cyprus, Slovenia, Croatia, and North Macedonia in a transaction worth EUR 71.3 million, the company announced. The transaction was financed from Medicover's own sources. It was carried out by Medicover for its diagnostic services division, present in Romania under the […]
