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
According to Spain's Minister of Industry, Tourism and Trade, Miguel Sebastián, currently chairing an Informal Energy Council today in Seville, the key to achieving a common EU energy market is to establish interconnections.
more »
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), announced today that the Fund will provide US$100 million very rapidly in emergency financing to Haiti to assist it in dealing with the aftermath of the massive and devastating earthquake that has hit the country.
more »
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), issued the following statement on Jamaica today.
more »
The Government of the Republic of Korea and the International Monetary Fund (IMF) announced today that they will jointly host a high-level international conference on Asia in Seoul, South Korea, during July 12-13, 2010.
more »
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), will travel to Tokyo and Hong Kong SAR, January 18−20, 2010.
more »
After lots were drawn, ten winners of Danske Bankas scholarships and one winner of an iPod shuffle player were established.
more »
The Meeting is convened on the initiative and by the resolution of the Management Board of the Bank.
more »
Today, Thursday, on the second and last day of their informal meeting in La Granja (Segovia), the ministers responsible for European Affairs will study the challenge of how to boost reflation through sustainable growth that generates new employment.
more »
How well-equipped are European companies to meet the challenges of global competition and the recent recession? The 2009 European Company Survey provides some clues.
more »
The European Commission decided today not to raise any objections to Finland's plan to support infrastructure investments in Vaasa regional airport.
more »