The employment rate for Romania's working age population (15 - 64 years) was 63 percent in 2023, down 0.1 percentage points from the previous year, shows data released on Friday by the National Institute of Statistics (INS)."Just like in the previous years, the employment rate was higher for men (71.7 percent compared to 54.3 percent for female employment), as was the urban employment rate (68.6 percent compared to 57.1 percent in rural areas). The employment rate for young people (15 - 24 years) was 18.7 percent, and that for seniors (55 - 64 years) was 51.0 percent," the INS statement reads.Employees, whose number dropped by 60,100 from 2022, still accounted for the largest share (85.7 percent) of the total working population. In 2023, self-employed workers and unpaid family workers represented 13 percent of the employed population.By ownership form, the private sector absorbed 82.8 percent of the working population, the public sector concentrates 16.6 percent thereof, and 0.6 percent of the persons employed worked in the mixed sector.Of the total number of employed persons, 11.9 percent worked in agriculture, 33.2 percent in industry and construction, and 54.9 percent in the service sector.Almost 6.78 million people were active in non-agricultural jobs, the most significant shares being recorded by the manufacturing industry (22.2 percent), trade (19.7 percent), and construction (11.9 percent).Of the total number of people employed in 2023, 282,900 (3.7 percent) worked part-time, with the agricultural sector taking up the vast majority of this category (76.3 percent).Romania's unemployment rate was 5.6 percent, equal to the figure recorded in the previous year. By gender, the gap between male and female unemployment rates was 0.8 percentage points (5.9 percent for men, as to 5.1 percent for women), while by residential areas the gap was 5.8 percentage points (8.8 percent in rural areas compared to 3 percent in urban areas). The youth unemployment rate (15 - 24 years) was the highest - at 21.8 percent.
Deloitte Romania assisted AQUILA, leader in the integrated distribution and logistics services for the fast-moving consumer goods market in Romania and the Republic of Moldova, in the acquisition of Romtec Europa, the company that produces car care fluids and aerosols. The transaction, valued at 3.2 million euros, was signed in December 2023 and completed recently, following approval from […]
CBRE Romania, the leader in providing commercial real estate services, launches an analysis regarding the business potential and alternative investment and development opportunities in Timiș County. According to the analysis, Timiș stands out as a vital centre of Romanian agriculture, ranking first in agricultural area with 693.034 hectares and second in organically cultivated land area. […]
By the end of 2024 the stock of modern retail spaces will overpass 4.5 mln. sq. m setting a new record for Romania. Circa 186,000 sq. m could be added to country’s modern retail stock if taking into consideration under-construction projects. The popularity of the specialized format is noticed in the forecasted developments, claiming 95% […]
The average office fit-out costs have increased by around 15-20% during the past 12 months, but they still remain among the lowest in the Central and Eastern Europe (CEE), according to data from the Cushman & Wakefield Echinox real estate consultancy company. With an average level of €943 per sq. m of office space, the […]
Romania is present at the 10th edition of the EU-Startups Summit in Malta, the biggest event for tech startups in Europe, through RoTechMission, a delegation organized by DiFine PR, Techcelerator and ROTSA (Romanian Tech Startups Association). More than 2,000 people, including 1,000 entrepreneurs and 300 investors, will attend the event, which takes place from May […]
AeroVacanțe, part of the Aerotravel group, is betting in 2024 on new destinations, more accessible for Romanians, as a result of the growing demand for holidays in new destinations untouched by mass tourism. Thus, the agency introduces for this summer 14 charter flights to Lesbos, the third largest island in Greece, where the costs of […]
