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.
There is "pretty much no chance” of the long-awaited IPO of Romanian hydropower producer Hidroelectrica taking place this year, the managers of minority shareholder Fondul Proprietatea (FP) said on ... more
Romania’s Treasury issued bills on February 12 for the first time since last September, when short-term interest rates began to rise. The Treasury issued RON400mn worth of bills with ... more
Romania’s head prosecutor Augustin Morar is considering asking for legal clarifications after the collapse of one of Romania’s biggest ever corruption cases on a technicality. ... more