Unemployment in Eastern European nations that will join the European Union in May, including Poland, Slovakia and the Czech Republic, may rise from their current near-record levels
Published:
2 November 2003 y., Sunday
Unemployment in Eastern European nations that will join the European Union in May, including Poland, Slovakia and the Czech Republic, may rise from their current near-record levels as companies struggle to compete.
Job cuts ``are crucial to reducing costs and lowering our coal prices so we can compete after joining the EU,'' said Maksymilian Klank, president of Poland's state-owned Kompania Weglowa SA, Europe's largest coal mining company by production, at a Warsaw press conference last week.
The Polish and Slovak second-quarter jobless rates of 20 percent and 17 percent were more than double the EU average of 8 percent, based on figures compiled by Eurostat. The Czech Labor Ministry will probably report today that unemployment was unchanged at 10 percent in September, according to 13 economists surveyed by Bloomberg News.
Voters in the 10 mainly Eastern European countries that are joining the EU were promised that unemployment would fall as companies gain access to new customers and older members open borders to the East. With accession seven months away, governments and many businesses say they expect to trim workforces to survive in an enlarged trading region of 450 million people.
Unemployment has risen in the future EU countries even as growth in the entrants' combined $487 billion economy has outpaced the EU this year.
Average growth in Poland, the Czech Republic, Hungary and Slovakia, the largest of the 10 entrants, totaled an annual 3 percent in the second quarter. By contrast, France and Germany, two of the three largest EU countries, fell into recession.
Šaltinis:
Bloomberg
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The European Institute for Gender Equality (EIGE) will, for the first time, open its doors in Vilnius on 16 December 2009.
more »
The European Commission has today launched a public consultation on the future of air passenger Rights and released a top 12 list of recommendations to guarantee travellers a safe and problem-free journey this Christmas.
more »
Japan's Toyota Motor announced that it will begin selling "plug-in" hybrid cars in mass volumes in two years' time.
more »
The first results of the latest Eurobarometer survey reveal that for Europeans unemployment is the most important issue facing their own country, while concerns about the economic situation have lessened slightly.
more »
The Human Rights Day focuses on non-discrimination with the motto “Embrace diversity, end discrimination”.
more »
With the season‘s holidays approaching DnB NORD Bankas issued the first gift card in Lithuania that allows the card holder to pay for the presents they enjoy in any shopping, entertainment or catering place where Maestro payment cards are accepted.
more »
Australian journalist Nigel Brennan was on his way to a camp in Somalia in August last year, to highlight the plight of the country's refugees, when he and his colleague, Amanda Lindhout were kidnapped by gunmen.
more »
Corruption remains an obstacle to development and threatens economic recovery. No country in the world is immune to corruption and that also applies to each of the 27 EU Member States.
more »
People across Europe should be encouraged to volunteer more to help themselves and the wider community, MEPs said in a resolution on 26 November.
more »
he heat is on for the UN's most senior climate official. Yvo de Boer , executive secretary of the United Nations Framework Convention on Climate Change, is optimistic the climate summit will produce a signed and seal deal.
more »