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
On 22 of June this year, the board of the newly established company of AB Bank SNORAS - UAB “SNORO Media Investicijos” - made a decision to invest in the shares of UAB “Lietuvos rytas” and to acquire 34 per cent of the authorised capital of the company.
more »
The Banker's Exchange is joining forces with Chicago-based Intergam Logistics as part of a global expansion initiative into the ATM support market.
more »
Lisbon treaty and financial supervision dominate debate at EU summit.
more »
In the most sweeping financial reform proposal since the Great Depression, President Barack Obama unveiled plans to overhaul the U.S. financial regulatory system, saying the events that led to the U.S. financial crisis make the proposed changes necessary.
more »
Due to the rising concerns on a possible disruption of Russian gas supplies to Europe coming through Ukraine, the Commission has chaired a meeting of the Gas Coordination Group to assure a stronger EU coordination and to secure energy supplies to European citizens.
more »
Mexico signs an agreement with Google to help revive tourism at its historical sites, after the swine flu epidemic.
more »
The recession could hit working women harder than men, an EU study warns, underscoring persistent disparities between the sexes in the European labour market.
more »
The first 4 months of 2009 saw 25 percent more FBI background checks on prospective firearm buyers compared to the same period last year in US.
more »
AS “Latvijas Krājbanka”, managed by AB Bank SNORAS, was presented with the annual prize of Deutsche Bank AG, one of the largest European banks, for the excellent quality of the outgoing payments.
more »
Danske Bankas has made another increase in the interest rate for fixed-term deposits in litas for both private and corporate clients.
more »