According to December 2024 Eurostat data, Romania has become the EU country with the highest unemployment rate among young people under 25 (26.3%), surpassing states such as Spain and Greece where youth unemployment has been a constant problem, shows the Social Monitor, a project of the Friedrich Ebert Romania Foundation."The figures show that there is a need for a national social and economic policy specifically dedicated to young people, which should address both school dropout issues and the quality of education, introducing financial support measures for students and teachers where needed, as well as looking at youth skills and employability, and adapting the school curriculum to the needs of the labor market. In parallel, there is also a need for a public communication campaign that would appease the employers' reluctance to recruit young people under 25," the cited source said.According to a release of the organization, Romania's unemployment rate across all age brackets was relatively low in December 2024, at 5.7% of the active population, slightly below the European average of 5.8%, and much lower than in countries such as Spain (10.6%), Greece (9.3%), Finland (8.7%), Sweden (8.6%), or Estonia (7.8%). Countries with a lower unemployment rate are the Czech Republic (2.6%), Poland (2.7%) and Malta (3%)."Yet the situation is completely different among young people under 25. At this category, Romania tops the European charts in December 2024, with an unemployment rate of 26.3%, followed by countries where unemployment is generally high, such as Spain (25.2%), Sweden (23.5%) or Greece (22.5%), whereas the EU average youth unemployment rate is 14.6%. Hungary is immediately below the EU average with 14.4% of its active young people being unemployed, and Bulgaria is next with 9.6%," notes the Social Monitor."Romania has always had a high youth unemployment rate, exceeding the EU average since 2007, when it became a member state. However, this is the first time that Romania is on the first position, the countries most seriously affected by youth unemployment being in general Spain, Greece, and Italy, but there the situation of young people has progressively improved. Poland also faced this problem until 2014, when the rate fell below the EU average. In comparison, Germany's youth unemployment rate has always been below the European average," the document also states.Romania also scored poorly by the NEET indicator which shows the share of youth under 29 "Not in Education, Employment, or Training" - having the highest rate in the EU in 2024 (19.4%) compared to the European average of 11%, the document also notes.
Romania’s government has assumed responsibility in Parliament for legislation reforming magistrates’ pensions, prime minister Ilie Bolojan announced on December 2. He said the draft law had received the opinion of the High Court of Cassation and Justice, noting that the court’s assessment was negative. It is the government’s second attempt to have the bill promulgated, […]
Romania Education Alliance (REA), the first private school network in the country, announced it has exceeded the milestone of 1,000 students enrolled across its member schools just one year after launch. "The fact that we surpassed 1,000 students in our very first year of activity shows that the REA model addresses a real need in […]
Genesis College, one of the largest private educational institutions in Romania, announced the regulatory approval of the transaction through which the investment firm Mozaik Investments becomes its majority shareholder. The transaction, signed at the end of July, received all necessary approvals from the Competition Council on November 25, and, formally, the entire investment procedure is […]
The European Bank for Reconstruction and Development (EBRD) is lending up to EUR 29.9 million to the Romanian city of Brasov to finance energy efficiency upgrades in public buildings, initiating the city’s participation in the Bank’s flagship EBRD Green Cities programme. The Bank’s investment will fund the renovation of up to 20 public buildings, including […]
This festive season, JW Marriott Bucharest Grand Hotel invites guests to embrace the extraordinary and transform each moment into a lasting memory. On New Year’s Eve, the hotel unveils The Grand Countdown — a luminous celebration of new beginnings, thoughtfully crafted across four distinctive venues, each with its own character and atmosphere. The night begins […]
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control over ArcelorMittal Tubular Products Iași (AMTP Iași) by Metinvest B.V. of the Netherlands, part of the Ukrainian steel and mining group owned by Rinat Akhmetov, New Voice of Ukraine reported last week. Metinvest has...
