Social/Politics
Romania Unemployment Rate Grows to 4.8% in April
Romania's seasonally adjusted unemployment rate grew to 4.8% in April from 4.6% in March, data from the country's statistics board showed Wednesday.
Bucharest Unemployment Rate At 1.28% In April 2020
Capital city of Bucharest registered 15,186 jobless people (of whom 8,030 women) at the end of April 2020, taking the unemployment rate to 1.28%, according to data from the Bucharest Municip...
Romania To Cancel Deal with China for Nuclear Reactor Builds
Romania's government has officially requested nuclear power producer Nuclearelectrica to end a preliminary deal with China General Nuclear Power Corporation for the construction of two nucle...
Actual Number of Jobless People to Head to 1 Million in June
The number of contracts ended or the number of people out of a job since the start of the lockdown is now 411,000, Labor Ministry data show. The number of furloughed employees has dropped by...
Nine Shopping Center Owners Push for Reopening
Nine owners of shopping centers in Bucharest and 24 regional cities, with 52 malls and over 4,600 tenants, have called on the government to allow the reopening of large shopping centers, rea...
Convergence Program: Rise In Pension Costs, With Peak Of 14.4% Of GDP In 2053, Puts Strain On Medium, Long Term Debt
Romania’s Finance Ministry has drawn attention, in the Convergence Program for 2020, on an estimated increase in pension costs in coming years, against the backdrop of ageing population and...
Labor Ministry: Over 580.000 Labor Contracts Suspended, Over 400.000 Labor Contracts Terminated Until May 22
The latest data from Romania’s Labor and Social Protection Ministry show that over 580.000 labor contracts have been suspended and over 400.000 labor contracts have been terminated until May...
Pension Pillar II Assets Grow 18.4% YoY in April, to RON61.87B
Assets managed by mandatory private pension funds (Pillar II) in Romania stood at RON61.87 billion at the end of April, up 18.4% compared with April 2019 and up 192.46% compared with five ye...
Labor Ministry: Over 600.000 Labor Contracts Suspended, Over 360.000 Contracts Terminated Until May 15
The latest data from Romania’s Labor and Social Protection Ministry show that over 600.000 labor contracts have been suspended and over 360.000 labor contracts have been terminated until May...