The share of recent high school or college graduates from the EU who were employed reached 83.5% in 2023, up by 1.1 percentage points compared to 82.4% in 2022, but Romania is among the member countries with the most unemployed among recent graduates from the EU, according to the data published on Wednesday by Eurostat. Recent graduates are people aged between 20 and 34, who have completed their secondary or tertiary studies in the last three years. According to Eurostat, the employment rate among recent graduates is higher than 80% in 22 EU member countries. The best in this chapter is Malta, where 95.8% of recent graduates were employed in 2023, followed by the Netherlands (93.2%) and Germany (91.5%). At the opposite pole, the lowest employment rates among recent graduates were recorded in Italy (67.5%), Greece (72.3%) and Romania (74.8%). The employment rate is higher among college graduates than among those who have completed high school. In 2023, the employment rate of recent university graduates was above 90% in Ireland, Austria, Belgium, Sweden, Slovakia, Poland, Germany, Latvia, Bulgaria, Hungary, the Netherlands, Malta and Estonia. In only two EU member countries this indicator was lower than 80%: Greece and Italy. By gender, the employment rate among recent EU graduates is higher among men (85%) than among women (82%). This situation is found in 18 member states, including Romania. However, the biggest difference is in the Czech Republic, where the employment rate of men who have recently graduated from high school or college is 19.4 percentage points higher than among women. Conversely, in nine Member States, the employment rate among recent graduates is higher among women than among men. The biggest difference is in Bulgaria, where the employment rate of women who have recently graduated from high school or college is 6 percentage points higher than among men. At the EU level, in the last ten years there has been an increase in the employment rate among recent graduates. In 2013, this rate stood at 74.3% and in the meantime it has steadily increased. The exception was in 2020, affected by the pandemic, when the share of recent high school or college graduates from the EU decreased by 2.3 percentage points, compared to 2019, to 78.7%.
The Ministry of Development proposed to the government to analyse the opportunity to develop an investment program dedicated to the economic recovery of small towns with a population of under 25,000 in non-metropolitan areas. The financial support for the development of these towns has been so far fragmented, and competition with large cities for funds proved […]
Prime minister Ilie Bolojan said on November 6 that he hopes that the ruling coalition will manage to legislate by the end of this month the rest of the second package of budgetary measures, namely the public administration streamlining law and the law on magistrates' pensions. Unless the law on the public administration is legislated, […]
Japanese group Makita announced that it will reduce production of power tools in China for the US market due to the unpredictability of US tariffs and move this production to factories in Romania and Thailand, according to Nikkei Asia, as reported by Economica.net. The Japanese group reported business of almost EUR 640 million locally...
The Competition Council has outlined a series of concerns related to the transaction through which the Schwarz group, which operates the Kaufland and Lidl store chains in Romania, intends to take over the La Cocoș stores, according to a press release quoted by
Romania’s flag carrier, Tarom, has requested the government to disburse a new tranche of restructuring state aid approved in 2024 to address the current liquidity deficit, Profit.ro reported. The company argued that, because of late payment penalties...
Retail sales volume contracted by 2.3% q/q in Q3, resulting in a 0.3% y/y decline in Romania (the second negative reading since the Covid-19 pandemic), visibly dragged down by the real wages that contracted by 3.7% y/y in July-August (latest data available) after +2.2% y/y in Q2, +4.6% y/y in Q1 and around 9%-10% y/y […]
