Polish, Czech, Slovakian Unemployment May Rise After EU Entry

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.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Mexicans prepare for Day of the Dead celebrations

Preparations for the traditional Mexican Day of the Dead get underway in Mexico City as residents erect alters and bake bread for the deceased. more »

Human rights: Russia, Cambodia, Zimbabwe

In three resolutions adopted in Strasbourg on Thursday, the European Parliament restates its solidarity with O. Orlov, a member of the Russian human rights organization Memorial and winner of the 2009 EP Sakharov Prize, who is now facing trial, denounces the imprisonment of Cambodian opposition leader S. Rainsy and calls on Zimbabwe's President R. Mugabe to put an end to the threat of mass forced evictions. more »

Cutting road deaths by half

Marrying diligent driver behaviour, quality road infrastructure and sound vehicles for safer roads across Europe. more »

Putin's saucy birthday gift

A group of journalism students in Moscow pose semi-naked for a steamy calendar wishing Russia's prime minister a happy birthday. more »

One in three men and one in five women aged 25 to 34 live with their parents

In the EU27 in 2008, 20% of women and 32% of men aged 25 to 34 lived with at least one of their parents. more »

Africa needs basic health care, as well as clever drugs

“Vertical” health funds targeting specific diseases such as AIDS, malaria or TB have achieved some success, but only at the cost of draining resources from basic “horizontal” health infrastructure such as clinics. more »

Careers opportunities across Europe

This autumn, the 2010 European Job Days give jobseekers a chance to meet employers from all over Europe, and find out about working in other EU countries through seminars and workshops. more »

Litvak culture receives attention in New York

During his visit to New York, on 27 September at the City University of New York, Lithuania’s Minister of Foreign Affairs A. Ažubalis, opened a photography exhibition dedicated to the Lithuanian Jewish cultural heritage and conferred an award of Lithuania’s Ministry of Foreign Affairs on former Executive Director of the YIVO Institute for Jewish Research. more »

Hi, Merħba, Salve.....

The 26th of September marks the European Day of Languages. Perhaps the Knights of the Order of St John in the Middle Ages prided themselves about the fact that they had eight “langues” but Parliament does better with its daily “Headlines” on its website in 22 languages. more »

The long road to gender equality – the next push forward

A proposed new plan focuses on closing the pay gap and opening up company boardrooms to more women. Tackling domestic violence is also a top priority. more »