Russia’s CBR ups key interest rate by whopping 200bp to 18%, increases GDP growth forecast to 3.5% for 2024
12 hours ago
The average number of employees in Romania (employment, chart) increased by 1.3% y/y to 5.13mn in Q3 – an annual advance of 64.7 thousand workplaces, according to the statistics office INS.
The largest number of jobs were created in the sectors of construction (+11.7 thousand), IT&C (+10.8 thousand) and hotels, restaurants and cafes (HoReCa, +10.3 thousand). The sectors of IT&C and HoReCa posted the highest growth rates in terms of employment as well, of 4.7% y/y and 4.5% y/y respectively, and they employ around 240,000 people each.
The construction sector posted a robust 2.7% growth to 450,000 people. In manufacturing, employment increased by 0.3% y/y (+3.0 thousand jobs) to 1.09mn employees.
The state forecasting body CNP expects the number of employees in Romania to increase by 1.6% y/y in 2024, after 0.9% y/y advance in 2023. Employment is expected to further rise by 1.9% in 2025 and 2.0% in 2026.
Related Content
Data
Russia’s CBR ups key interest rate by whopping 200bp to 18%, increases GDP growth forecast to 3.5% for 2024
The board of the Central Bank of Russia (CBR) increased the key interest rate by 2 percentage points from 16% to 18%, in line with consensus expectations at the policy meeting on July 26. - the first hike since December 2023.
The NBU keeps rates on hold at 13% due to rising inflation pressure
The National Bank of Ukraine (NBU) has decided to maintain its key policy rate at 13% on July 25, halting a series of three consecutive rate cuts.
Moldova's pro-Russian separatist Transnistria sends 80% of its exports to the EU
War in Ukraine forced Transnistrian exporters to focus on Western markets as routes to Russia blocked.
How energy intensive are data centers?
While countries like China and the United States had the highest electricity demand by a considerable margin, a new player that rivals the consumption of some of the biggest economies and is bolstered by the ongoing AI hype and data center use.
Hungarian central bank moves in line with forecast with 25bp rate cut
The central bank is likely to carry out 1-2 more rate cuts this year, bringing the rate to 6.25-6.50%, which would still be the highest among its CEE peers.
Most Read
-
US general calls for Marshall Plan in Latin America to counter China and Russia
1 day ago
-
Plants absorbing less carbon dioxide in 2023, accelerating global warming
1 day ago
-
European Commission in no rush to step in and settle Lukoil transit ban dispute
19 hours ago
-
Hong Kong shell companies’ exports bust sanctions, as Ukraine's Foreign Minister holds talks with Russian ally China
17 hours ago
-
Why is EU enlargement to the Western Balkans taking so long?
19 hours ago
-
Dubai heatwave: Temperature feels like 62°C as scientists explain extreme conditions
9 days ago
-
Six out of nine “planetary boundaries” have been crossed and a tenth has appeared
2 days ago
-
How energy intensive are data centers?
2 days ago
-
Earth records hottest year since records began
2 days ago
-
Plants absorbing less carbon dioxide in 2023, accelerating global warming
1 day ago
-
Dubai heatwave: Temperature feels like 62°C as scientists explain extreme conditions
9 days ago
-
Russia overtakes Japan to become the fourth largest economy in the world in PPP terms
1 month ago
-
Global access to energy starts to fall for the first time in a decade, says IEA
25 days ago
-
LONG READ: The war in Ukraine is inching towards a ceasefire as pressures mount
19 days ago
-
Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
3 months ago