The Czech Republic's unemployment rate rose to a record high of 10.3 percent at the end of December, up from 9.9 percent in November. This is the highest figure since 1993. The Labour and Social Affairs Ministry said over 540,000 people were out of work. As compared to other Central and East European countries, the Czech figure is nearly twice the unemployment rate in Hungary but well below the more than 17 percent jobless rate in Poland. The average number of job applicant increased to 13.5, while a year ago, it was just 12.7. According to economic
The human tragedy in the Iranian city of Bam continues to fill front pages. Bam is turning into a mass grave, says Pravo, reporting that the number of victims is now close to 30 thousand. A miracle in the midst of the rubble, reads the headline in Mlada Fronta Dnes, reporting on the unexpected survival of a six months old baby girl, found cradled in her dead mothers arms.
There's no single issue dominating today's papers. While MLADA FRONTA DNES leads with an article on the forthcoming Czech military police mission to Iraq, the first story in HOSPODARSKE NOVINY looks at corruption in Czech football and PRAVO's main headline reads "Klaus teaches politicians a lesson with his Skoda Superb".
Unemployment rate stagnates at 9.9 percent in November. GDP grows by record 3.4 percent in third quarter driven by household consumption. November marks the end of deflationary development in the Czech Republic. Four bidders interested in two Czech brown coal mines. US Boeing asks government to pay Aero's debts, threatens to exit. Government makes a deal with mobile operators to speed up payments for UMTS licences in return for delay in launch of services. Telecommunications Office calls a public tender for three FWA licences in Prague.
Foreign trade development suggests a recovery. President Klaus has vetoed one of fiscal reform bills. Financial market supervision to be entrusted to one institution instead of the existing four. The Czech Republic fails to make it on Hyundai's shortlist for new car plant. Unipetrol privatisation has been postponed again. Czechs will face a series of price hikes from the New Year - including telephone, gas, and electricity. But before that, they may experience a blackout on the Christmas Eve.
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