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Current AffairsRise in unemployment especially problematic for graduates and unemployed persons over 50
More than 500,000 Czechs are currently out of work, with the rate of
unemployment growing from 8 percent in November of last year to 8.6 percent
in December. While a jump in unemployment figures is not unusual for this
season, experts warn that the growing number of persons aged 50 and over
who find themselves out of a job and with little chance of getting hired
poses a serious long-term problem for the economy. Former finance minister
and Raiffeisenbank’s chief economist Pavel Mertlík speaks about expected
labor market developments for 2012. More
Current AffairsSurvey suggests a fifth of Czech companies will introduce layoffs in 2012
For many people 2012 promises to be a tough year or at least one of big
changes: a new survey by the Czech Chamber of Commerce has suggested that
every fifth company in the Czech Republic is planning layoffs in reaction
to the slowing economy – some letting go hundreds, while others will cuts
jobs for dozens of employees. More
Business NewsBusiness News
The lower house passes the draft state budget for 2012 in a first reading;
the 2011 Czech state budget deficit falls to 91.5 billion crowns in
October; the Czech unemployment rate drops 0.5 percent to 6.6 percent year
on year; the lower house approves restrictions of state support to building
savings; and Škoda Auto reveals price of its new model. More
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