The seasonally adjusted unemployment rate in Romania dropped to 5.5% in July 2023, down by 0.1 percentage points on a monthly basis, according to data published on Thursday by the National Institute of Statistics (INS).Male unemployment was 0.6 percentage points higher than female unemployment.The number of the unemployed (aged 15-74) estimated for July 2023 was 455,400 people, down from the previous month's 457,400 people, and up y-o-y.By gender, male unemployment exceeded female unemployment by 0.6 percentage points - 5.8% to 5.2%.According to INS, a high level of 22.3% of the unemployment rate among young people (15-24 years) continues to stand out.Adult unemployment (25-74 years old) was estimated at 4.5% for July 2023 (4.2% for women and 4.7% for men).The number of unemployed aged 25-74 made up 77.3% of the July 2023 total estimates.
Premier Energy PLC, one of the fastest-growing energy companies in Romania and the SEE region, will carry out an initial public offering (IPO) on the Bucharest Stock Exchange (BVB) between May 8 and May 15, 2024. Romania's Financial Supervisory Authority (ASF) approved the IPO prospectus on Tuesday, May 7. The company is looking to sell […]
The European Bank for Reconstruction and Development (EBRD) is lending more than EUR 46 million as part of a EUR 93 million financing package to build and operate Urleasca Wind Farm, a 102 MW onshore wind farm in Romania, the institution announced. Urleasca Wind Farm is expected to generate 277 GWh a year of renewable energy […]
Bucharest and Ilfov County together form the region in Romania with the highest motorization rate, with an average of 640 cars per 1,000 inhabitants, a level close to most regions in France, Germany, Austria, and Italy, according to Eurostat data for 2022 cited by Ziarul Financiar. In the central, western, and northwestern regions of the […]
Nicolae Ciucă, the president of the National Liberal Party and head of the Romanian Senate, is increasingly looking like the party’s pick for the presidency. Ciucă, a former general in the Romanian army and an ally of current president Klaus Iohannis, also from PNL, is featured on dozens of billboards across the country. In parallel, a social media […]
The 28th edition of the European Film Festival opens in Bucharest on Europe’s Day, May 9. The event, which takes place in several cities in the country, will end this year’s run in Chișinău on June 8, the weekend of the EU Parliament elections. The program covers 40 feature films, 34 of them national premieres, […]
The multinational military exercise "Swift Response 24,” which will feature the largest airborne operations in Europe since World War II, has recently begun. The exercise will take place until May 24 in Romania, including in the Cincu range in Brașov County, according to Radio Brașov, as reported by Rador. According to the Ministry of National […]
