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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

McKinsey: Romania’s economy can gain up to 8.7% p.a. from gender equality

Romania’s economy would gain up to EUR 24 bln per year until 2030, the equivalent of an average incremental annual growth rate of 8.7pp, by eliminating the gender inequalities, according to a report published by the consulting company McKinsey&Company.

In essence, the gains would be derived from the activity of more active women (550,000), more paid weekly hours worked by the female employees (+1.5 hours per week on average) and from the higher productivity of the companies as a result of hiring more female top managers (CEOs mainly).

While the former factor is intuitive, and McKinsey also argues that the sectors typically employing women are just hiring these days, for the second factor the consultancy company quotes past reports it carried out to identify the impact of the female top management on the productivity of the companies (and it is positive, it found). 

(Photo: Andrey Popov | Dreamstime.com)

andrei@romania-insider.com

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

McKinsey: Romania’s economy can gain up to 8.7% p.a. from gender equality

Romania’s economy would gain up to EUR 24 bln per year until 2030, the equivalent of an average incremental annual growth rate of 8.7pp, by eliminating the gender inequalities, according to a report published by the consulting company McKinsey&Company.

In essence, the gains would be derived from the activity of more active women (550,000), more paid weekly hours worked by the female employees (+1.5 hours per week on average) and from the higher productivity of the companies as a result of hiring more female top managers (CEOs mainly).

While the former factor is intuitive, and McKinsey also argues that the sectors typically employing women are just hiring these days, for the second factor the consultancy company quotes past reports it carried out to identify the impact of the female top management on the productivity of the companies (and it is positive, it found). 

(Photo: Andrey Popov | Dreamstime.com)

andrei@romania-insider.com

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