Romania’s seasonally-adjusted ILO unemployment rate remained constant from the previous month at 7.3% in January 2014 but edged up by 0.2pps y/y, the statistics office informed.
The rate is defined for the broadest 15-74 age brackets. For the narrower 25-74 age brackets, the rate was 5.8% in January - down from 5.9% in the previous months and up 0.1pps y/y.
In a longer-term comparison, the ILO unemployment is close to its highest levels reached during the recession years after increasing in the first half of 2013. At the end of 2012, the ILO unemployment decreased to 6.9%. The highest unemployment rate since the recession hit the country in late 2008 - of 7.7%, was reached in March 2010 and September 2011.
Romania’s rail freight company CFR Marfa paid only half of the wages to its 7,000 employees on May 15 after the railway infrastructure company CFR again froze its accounts in an attempt to recover ... more
London Stock Exchange Group (LSEG) announced on May 2 it is setting up a new business services centre in the Romanian capital Bucharest. The new shared services centre in Romania will ... more
The third bridge over Danube between Romania and Bulgaria will be part of a package that four Balkan countries — Romania, Bulgaria, Serbia and Greece — will offer China for funding, the prime ... more