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Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at iulian@romania-insider.com. 

 

Romania has largest share of population at risk of poverty or social exclusion in the EU

Romania has the highest rate of the population at risk of poverty or social exclusion, 35.8% - three times larger than the EU champion - Czech Republic - and over 50% larger than the EU average, according to Eurostat data. Over one in three Romanians are thus at risk of poverty.

Persons are considered to be at risk of poverty after social transfers if they have an equivalised disposable income below the risk-of-poverty threshold, set at 60% of the national median equivalised disposable income. In other words, the share of the population at risk of poverty is a measure of income disparity - rather than an absolute measure of poverty comparable across countries.

An interesting detail is that the share of the population at risk of poverty or social exclusion is 11.8% on average for employees in the EU - which is roughly half the average 21.9% for the entire EU population. A job thus halves the risk of poverty in the EU.

In Romania, a job diminishes much less the risk of poverty: only by one third to 23.9%. 

iulian@romania-insider.com

(Photo source: Stanislau V/Dreamstime.com)

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Profile picture for user iuliane
Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at iulian@romania-insider.com. 

 

Romania has largest share of population at risk of poverty or social exclusion in the EU

Romania has the highest rate of the population at risk of poverty or social exclusion, 35.8% - three times larger than the EU champion - Czech Republic - and over 50% larger than the EU average, according to Eurostat data. Over one in three Romanians are thus at risk of poverty.

Persons are considered to be at risk of poverty after social transfers if they have an equivalised disposable income below the risk-of-poverty threshold, set at 60% of the national median equivalised disposable income. In other words, the share of the population at risk of poverty is a measure of income disparity - rather than an absolute measure of poverty comparable across countries.

An interesting detail is that the share of the population at risk of poverty or social exclusion is 11.8% on average for employees in the EU - which is roughly half the average 21.9% for the entire EU population. A job thus halves the risk of poverty in the EU.

In Romania, a job diminishes much less the risk of poverty: only by one third to 23.9%. 

iulian@romania-insider.com

(Photo source: Stanislau V/Dreamstime.com)

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