A record 10.9 percent of the Czech work force was unemployed last month, with 570,000 people unable to find a job, the government said
Published:
11 March 2004 y., Thursday
The dismal employment report was released less than two months before the Czech Republic joins the European Union.
The Czech economy still struggles to overcome it's communist past and needs to restructure obsolete industries and adapt to the new European Union markets.
Unemployment runs as high as 25 percent in some parts of Bohemia and Moravia in the industrial north that have been especially hard hit by restructuring of the steel and coal industry.
The Czech Republic is one of the most successful candidates for EU membership from the former Soviet bloc. Its economy performed steadily during the past decade, with growth predicted at 2.8 percent in 2003 and inflation at 1 percent.
Despite largely favorable economic numbers, the unemployment rate was up 0.1 percent from January, to the highest it has been since the communist regime collapsed in 1989.
Šaltinis:
duluthsuperior.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
A specific EU budget line for the new EU stabilisation mechanism should be created as soon as possible, to ensure its credibility, Council, Commission and Parliament negotiators agreed at a three-way meeting on Wednesday.
more »
New EU rule will help phone-users avoid astronomical bills for web-surfing and downloads abroad.
more »
The Communication approved today by the Commission builds on the principles presented on 12 May to reinforce the economic governance in the European Union.
more »
Eurostat report just published shows that the crisis has brought some lower taxes.
more »
New legislation is needed to ensure fair returns to farmers and transparent prices to consumers, by enforcing fair competition throughout the food supply chain, said Agriculture Committee MEPs on Monday.
more »
Fish imports play a crucial role in supplying the European market, yet fisheries and aquaculture are strategic sectors that do not lend themselves to a purely free-trade approach, believes the EP Fisheries Committee.
more »
I will support every proposal that strengthens cooperation among the European Union's Member States and serves Lithuania's interests," President of the Republic of Lithuania Dalia Grybauskaitė said at the meeting with EU Member States' ambassadors resident in Lithuania.
more »
The fourth World Lithuanian Economic Forum “High tech innovation & investment: local to global” will start in London on 22 June.
more »
Lithuania aims for the five Nordic countries and three Baltic States to become single community of values, which would be linked by a versatile quality of democracy, security and everyday life.
more »
MEPs decided on Wednesday to create a special committee to prepare for the EU's next long-term budgetary framework.
more »