The economy of the eurozone and the European Union registered a slight increase in the second quarter, compared to the previous quarter, and Romania had the most modest economic performance in the EU bloc, according to revised data published by Eurostat on Friday. According to those data, the GDP of the 20 countries which switched to euro registered an advance of 0.2% between April and June 2024, as compared to the previous quarter. It is about performance slightly lower than the increase of 0.3% initially announced by Eurostat. The European Office revised the data regarding the EU, whose economy registered an advance of 0.2% in the second quarter as compared to the previous one, slightly less than the increase of 0.3% initially announced. Among the member states, the strogest growth rhythms of the GDP were in Poland (1.5%), Greece (1.1%) and the Netherlands (1%).Portugal and Romania are last in the top with economic growth of 0.1% in the second quarter, according to Eurostat. Separately, Eurostat published on Friday the figures regarding the evolution of the employmenbt rate in the second quarter. According to these data, the number of employed people increased by 0.2% in the euro zone, and by 0.1% in the European Union, in the second quarter, compared to the previous quarter, and Romania was the country with the strongest rate decrease of occupation from one quarter to another. In the second quarter of 2024, the member states that recorded the strongest increases in the employment rate were: Ireland and Lithuania (both by 1.1%) and Estonia. (0.8%). The most important decreases in the employment rate wer3e recorded in Romania (minus 0.5%) and Finland (0.4%). Eurostat estimates that in the second quarter of this year, there were 281,6 million employed people in the European Union, of which 170.1 million were in the eurozone.
Romania has become the EU country with the highest unemployment rate among young people under 25 (26.3%), according to official Eurostat data published in December 2024 and analyzed by the Social Monitor, a project of the Friedrich Ebert Foundation Romania. Thus, Romania surpassed states such as Spain and Greece, where youth unemployment has always been […]
In its half-year report for the second half of 2024, TikTok said it blocked 33,000 spam accounts in Romania and nearly 100,000 fake accounts. It highlighted its intense activity in blocking fraudulent activity related to Romania, particularly during the electoral campaign, indirectly admitting the...
Moldovan president Maia Sandu has acknowledged that some local entrepreneurs are transferring capital to Romania due to its stability as a European Union and NATO member state. Speaking about the country's economic stagnation in 2024, when GDP grew by only 0.1%, and the technical recession in the second half of the year, Sandu highlighted concerns […]
Battery Energy Storage Systems (BESS) are set to become a central component of Romania's power system, according to Oxford-based Aurora Energy Research, whose analysts see investments in Romania's BESS totaling several gigawatts of capacity and several billion euros over the next decade. Aurora pointed to both the opportunities and the risks and uncertainties associated with […]
Romania’s insurance market grew by 11% year-on-year in 2024, reaching a total gross written premium volume of RON 23.4bn (EUR 4.7bn), according to a report published on 1 April by the Financial Supervisory Authority (ASF). General insurance accounted for 81% of total underwritings, while life insurance represented 19%. The total value of insurance premiums for […]
Romania’s authorities are reportedly negotiating with Turkish company Desan Shipyard, which is pondering the option of taking over the activity of Damen Shipyards Mangalia, abandoned last year by its 49% strategic shareholder Damen and currently under insolvency, according to
