The average estimated professional life for 15 years old youths in EU was 36.9 years in 2023, while Romania is last in the top with an average of 32.3 years, on the rise from 31.3 years in 2021 and 32 years in 2022, according to Eurostat data released on Thursday. According to those data, there are EU member states where the average professional life span is over 40 years, in countries like the Netherlands (43.7 years), Sweden (43.1 years) and Denmark (41.3 years). In contrast, the lowest professional life span recorded last year in Romania (32.2 years), Italy (32.9 years) and Croatia (34 years). The division on sexes shows that the estimated average professional life in higher among men (39 years in EU), than women (34.7 years). Among member states, the average professional life for men varies between 45.7 years in the Netherlands and 35.4 years in Croatia, Bulgaria and Romania (both with 35.6 years). For women, the average professional life varies between 41.9 years in Sweden and 28.3 years in Italy, forllowed by Romania (28.5 years). Eurostat points out that the estimated average professional life has constantly risen in EU. In 2020 it dropped for the first time, as a result of the health crisis, from 34.7 years in 2013 to 35.9 years in 2019, to go down to 35.6 years in 2020. In 2021 it returned to the level recorded before the pandemic. In Romania's case, the estimated duration of the average professional life grew from 32.8 years in 2014 to 33.8 years in 2019 to reach 33.7 years in 2020 and31.1 years in 2021. As of 2022 it went up to 32 years and to 32.2 years in 2023.
Romania's efforts to stabilize its fiscal position and finalize a new ruling coalition have been delayed after president Nicușor Dan rejected a proposed VAT rate increase central to a budgetary corrective package agreed by the four pro-Western parties,
A sword that may date back to the Bronze Age, roughly 3,500 years ago, was found following searches carried out in a case of aggravated theft, in the commune of Corbasca, Bacău County. The searches targeted the home of a 61-year-old man suspected of illegally possessing a cultural asset likely to be part of the […]
The construction works volume in Romania decreased by 0.5% y/y in gross terms and by 2.8% in workday and seasonal adjusted terms in April, after it boasted a robust 10.6% y/y advance in Q1 (largely on low base effects), according to data published by the statistics office. By type of construction, engineering works—representing approximately 45% […]
Romania's economic sentiment rebounded sharply in May following the presidential election victory of pro-Western candidate Nicușor Dan, according to data published by the CFA Romania Society on June 19. The recovery comes after a significant decline in April amid fears of a potential win by isolationist candidate George Simion. After the recovery in May, the […]
Salt Bank has appointed Vikram Tikoo as its new Chief Technology Officer, marking a significant step forward in the company's pursuit of its digital banking vision. The appointment will take effect once approved by the National Bank of Romania. Vikram has extensive international experience delivering technology solutions on a global scale. He will help enhance […]
Romania’s average net wage, which has posted annual growth rates for nearly two years, advanced by only 3.5% y/y in CFI deflated terms - the lowest growth rate since April 2023, according to data published by the statistics office INS. In nominal terms, the annual advance was 9.9% – the second-lowest growth rate since 2021. […]
