70% of economic growth in first three quarters of 2018, obtained by stocks increase. Foreign exchanges pulled down GDP by 1.6 percentage points

INS recalculated GDP in the third quarter and the first three quarters of the year. Here are the growth data for the Romanian economy, updated… Mai mult

Romanian Leu of 2019: Depreciation rate depends on budget credibility and seriousness

The estimates by economists of most important banks in Romania on the depreciation of the local currency for this year range between 4.73 and 4.77… Mai mult

Romania and energy: Position in European context

Final energy consumption of Romanian industry declined by about 75% between 1990 and 2016, compared to only 25% at the EU level, according to data… Mai mult

Crash signal in foreign trade – export coverage ratio has fallen to 2011 level. And we do not import robots

The trade deficit on November 2018 was EUR 1.567 billion, the second worst monthly performance registered last year. Worryingly, the growth rate of exports compared… Mai mult

Intense M&A activity in 2018 in Romania – Deloitte analysis

The Romanian mergers and acquisitions market reached nearly EUR 2 billion in 2018, according to a Deloitte Romania analysis based on public sources and transactions… Mai mult


Employment rate in Romania and EU countries: we are getting close to 2020 target

de Marin Pana , 7.5.2018

Romania ranked fourth among the EU member states last year in terms of employment growth, according to data published by Eurostat.

With an advance of 2.5 percentage points, we ranked after Bulgaria (+ 3.6%), Slovenia (+3.3%) and Portugal (+ 2.8%) and advanced up to 68.8%, close to the target of 70% set for 2020.

The Europe 2020 strategy stipulates the target of reaching an employment of at least 75% at the EU level, but this objective has been adapted to different national targets depending on specific conditions in each country. Overall, the progress achieved was from 71.1% in 2016 to 72.2% in 2017. In men’s category, it reached 78%, while in women’s category there was a percentage of only 66.5%.

For reference, we mention that the highest employment rates for the population aged between 20-64 were obtained by Sweden (81.8%), Germany (79.2%), Estonia (78.7%), the Czech Republic (78.5%), the United Kingdom (78.2%), the Netherlands (78%), Denmark (76.9%), Lithuania (76%) and Austria (75.4%) and all these rates are above the benchmark of 75%.

At the opposite end there have been placed Greece (57.8%, despite an increase of 1.6 percentage points last year), Italy (62.3%, + 0.7pp), Croatia (63.6%, + 2.2pp) and Spain (65.5%, + 1.6pp), which creates a quite clear picture of an important cause for the economic performance gap between the north and south of the continent.

To be noted as a national specific element, with a gap of over 17 percentage points between employment rates in men and women, Romania ranked among the countries with the highest values in this field, while Malta (26.1 pp), Italy (19.8 pp) and Greece (19.7 pp) had the record results. Well above Poland and Hungary and much above the neighbour from the south of the Danube, which had a much smaller gap, similar to Germany and France (see table).


  • Employment rate in population between 20 and 64 (%) in some EU states


It is also worth noting that the Romanian men reached very close to the EU average and are a substantially over the Bulgarians (although they are still far from the Polish and Hungarian “zeal”). In contrast, those who are farer from the European practice and lower the national average are women. This is also the main direction on which we can recover from the gaps compared to other EU states, older or newer members.

The big problem: employment in the 55-64 age group

The situation is also maintained in the age group that is sensitive in terms of employment opportunities (55-64 years), where we are well below the European average and significantly below the situation in other former socialist states.

This is the second major direction on which we should focus our efforts of improving some statistical indicators showing that far less than one man in two and about one in three women of this age are still working.


  • Employment rate in population between 55 and 64 (%) in some EU states
  • total / men / women


Interestingly, in this age group, gender gaps are similar to those in Poland and Hungary (of course, on a somewhat lower level), but far beyond neighbour country Bulgaria, which performed even over Germany in this matter.

That, although Bulgarian men close to the elderly category have practically reached the European level in terms of employment.

It is worth noting, from the cultural affinity point of view, the minimum difference of employment in this age group that exists at our French cousins, though not due to the superior zeal of women compared to the European average but due to the more precarious situation of men who are below the threshold of one in two and well below the EU average.

Mergeți în homepage ›

Publicat la data de 7.5.2018

Lăsați un comentariu


Mugur Isarescu: "Ordinance weird thing" reduces monetary policy efficiency, which will not help Government

The National Bank of Romania (BNR) will convoke the National Committee for Macro-prudential Supervision, where the Ministry of Finance will be required to clarify the… Mai mult

World Bank lowered prospects on Romania's economic growth for 2019 and 2020

  Romania's economy will record an advance of 3.5% in 2019 and 3.1% in 2020, down one percentage point from June 2018 forecast, according to… Mai mult

State is borrowing at increasingly higher costs - government bond yield reached 5.33% per year

The benchmark government bond yield jumped above the 5% threshold on Thursday. The Ministry of Public Finance (MFP) attracted RON 300 million from banks on… Mai mult

Iasi - Tg.Mures highway disappeared from Large Infrastructure Operational Programme 2021-2027

The Ministry of European Funds has taken out Iasi-Tg. Mures highway project from the Large Infrastructure Operational Programme 2021-2027 and the Ministry of Transport already… Mai mult

Senate postpones discussions on DNA’s request on waiving immunity of Calin Popescu Tariceanu until February 2019

The Senate has decided that it will put to the vote the decision to waive Calin Popescu Tariceanu's immunity only in the spring session, that… Mai mult

Implementation of 5G technology, a multiplication effect in economy of EUR 4.7 billion - announces Sorin Grindeanu (ANCOM)

The National Authority for Management and Regulation in Communications (ANCOM) launched on Wednesday the National Strategy for the Implementation of 5G Technologies in Romania for… Mai mult

FIC: Amendments on Criminal Codes expose business environment to abuses from civil servants

Some of the amendments to the criminal codes will generate mistrust regarding Romanian state's ability to ensure the legality, stability and predictability of business relationships… Mai mult

European Semester / European Commission asks Romania to correct its medium-term structural deficit by 1% of GDP

Minister Eugen Teodorovici is pressured by the EU to reduce the budget deficit After finding that the Government has done nothing to adjust the deviation… Mai mult

Sovereign Fund gets legal base. Details announced by Minister Teodorovici

The Government adopted on Thursday the ordinance that provides for the general framework for the establishment of a Sovereign Fund. Later, after new talks with… Mai mult

Ford is looking for 1,700 employees to produce EcoSport SUV model

The representatives of Ford Craiova met on Wednesday with mayors of 30 localities from Dolj county in order to stimulate the attraction of 1,700 new… Mai mult

Development strategy / Government squeezes even investment money from its own companies: EUR 120 million from only two entities in energy field

Nuclearelectrica (SNN) and Romgaz (SNG) have calculated the additional dividends to be paid to the state after the Ministry of Finance (MFP) sent to the… Mai mult

DNA, officially: Senate President is suspected of having received a USD 800,000 bribe. Case file opened at a request from Austrian judicial authorities

The case file in which the DNA requested the waiving of the Senate President’s immunity was opened at the request of Austrian judicial authorities and… Mai mult

Illegal state aid / European Commission demands Romania to recover EUR 60 million from CE Hunedoara

Romania has to recover illegal state aid worth EUR 60 million granted to Compexul Energetic Hunedoara, announced the European Commission with a statement released on… Mai mult

Ministry of Finance planned loans of RON 4.74 billion in November. Costs are increasing

The Ministry of Public Finance (MFP) intends to borrow in November RON 4.74 billion, 1.4% more than in the previous month, according to the Ministry.… Mai mult