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

Models’ aim to trample breast cancer

Photographer Nigel Barker snaps top fashion models as they don boots to raise money to stomp out breast cancer. more »

Fireball battle lights up streets

Revelers in El Salvador hurl fireballs at each other in a tradition marking the explosion of a volcano. more »

Ready, set, translate!

Time to register for the 2010 edition of EU’s young translator contest. more »

Tall girl wants modeling her life

A six foot nine-inch tall Brazilian teenager dreams of becoming a model despite the challenges of her abnormal height. more »

Condoms outfit safe sex fashion show

Colombia fashion show promotes safe sex by dressing models in clothes made from 12,000 condoms. more »

Europe has reached Crisis Point !

Could 36 million people across Europe die if a fictitious form of TB became a reality? A school in Colchester worked over an entire day to come up with a law to help prevent such a pandemic. more »

Subway line dig unearths Aztec bones

The construction of a metro line in Mexico City yields the remains of 50 Aztec children and various clay artifacts. more »

“Don't shoot, I'm a humanitarian worker!” – on World Humanitarian Day the European Commission calls for respect for humanitarian principles

On World Humanitarian Day on 19 August, the European Commission honours humanitarian workers who have lost their lives or freedom, or have been injured during the course of their work. more »

Lithuania joins other un members in the commemoration of World Humanitarian Day

The 19th of August marks the World Humanitarian Day, which is designated by the United Nations (UN) to honour international humanitarian aid workers who were killed or injured in the cause of of duty. more »

Ramadan around the world

The holy month of Ramadan begins around the world. more »