Fri, Feb 10 2012

Unemployment in EU worsens

Mon, Jun 15 2009 12:59 CET

byClive Leviev-Sawyer

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Unemployment in EU worsens

JOBLESS: People line up to enter a government job centre in Madrid, April 2 2009.


The number of people employed in the countries using the euro fell by 0.8 per cent (1 220 000 people) in the first quarter of 2009 compared with the previous quarter, according to national accounts estimates published by Eurostat, the Statistical Office of the European Communities on June 15 2009.

In the same period, the number of people employed in the 27 EU member states also decreased by 0.8 per cent (1 916 000 people).
In the fourth quarter of 2008, employment declined by 0.4 per cent in the euro area and by 0.3 per cent in the EU27. These figures are seasonally adjusted, Eurostat said.

Compared with the same quarter of the previous year, employment dropped by 1.2 per cent in both zones in the first quarter of 2009, after remaining stable in the euro area and increasing by 0.2 per cent in the EU27 in the fourth quarter of 2008.

Eurostat estimates that, in the first quarter of 2009, 223.8 million men and women were employed in the EU27, of which 146.2 million were in the euro area. These figures are seasonally adjusted.
 
Spain was the worst hit, with employment decreasing 3.1 per cent on the quarter and 6.4 per cent on an annual basis.
 
Europe’s jobless rate is currently 9.2 per cent, the highest in close to 10 years. According to the Eurostat estimates on June 15, Bulgaria’s employment growth rate in Q1 2009 was minus 0.3 per cent, and that for the EU in the same period was minus 1.2 per cent.

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Half of Bulgarians believe worst of the crisis is yet to come

Bulgarians are above the EU average in worrying that they or their spouses will lose their jobs, while 18 per cent have no confidence about having a job in two years’ time – against an EU average of seven per cent.

EU youth unemployment, current account deficit worsen

Youth unemployment has increased in all EU member states except Bulgaria, where it decreased from 13.9 per cent in the first quarter of 2008 to 13.5 per cent in Q1 2009.

Slippery slope

Bankruptcies are on the rise, but the worst is yet to come, employer associations warn.

Euro area unemployment highest since May 1999

Unemployment in euro area was 9.5 per cent in May 2009, new Eurostat figures say. Joblessness figures in all EU states are higher than a year ago.

April unemployment in EU was 8.6 per cent – Eurostat

In the 16-member euro area, seasonally-adjusted unemployment was 9.2 per cent in April 2009, according to Eurostat, the Statistical Office of the European Communities. In the EU, joblessness was highest in Spain, Latvia and Lithuania.

World Bank forecast 3% recession for EU's former planned economies

The economies of 10 European Union countries from the former Communist bloc would shrink by three per cent this year and stagnate around zero per cent next year, the World Bank said

Recruitment in recession

Just two years ago, one of the biggest problems businesses faced in Bulgaria was finding qualified personnel to staff all available jobs. As the economy wades deeper into the mire of recession, employers are afaced with a new set of challenges to their human resource management.

Unemployment edges up to 6.88% in March

Bulgaria's jobless rate increased to 6.88 per cent in March, up from 6.69 per cent a month earlier

February 2009 euro area unemployment up to 8.5 per cent

EU27 unemployment averages 7.9 per cent; Spain, Latvia and Lithuania have the highest jobless rates

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Lyubov Kostova was appointed country manager of British Council Bulgaria effective January 1, replacing Tony Buckby, who left in October 2011 to take a similar position at British Council Greece. Kostova has been with British Council Bulgaria for 11 years, as public communications manager and, since 2008, as the head of project and partnerships department. Prior to joining the British Council, Kostova was head of international activities at the National Academy for Theatre and Cinema Arts (NATFIZ). She has a degree in Indian studies from Kliment Ohridski Sofia University.

CEZ

CEZ

Stefan Apostolov is the new chief executive of CEZ Razpredelenie Bulgaria, the power transmission subsidiary of Czech energy company CEZ in the country. He replaces interim chief executive Ales Damm, who remains the chairperson of the CEZ Razpredelenie management board. Apostolov has 30 years of experience in the energy sector, joining CEZ in 2007 as director of customer service and was later appointed as head of business development. Apostolov has a master's degree in electric systems from the Belorussian National Technical University in Minsc, management diplomas from Open University London and New Bulgarian University, as well as a master's degree in business administration from Plovdiv University.

Rompetrol Bulgaria

Rompetrol Bulgaria

Alexander Albin has been appointed chief executive of fuel distributor Rompetrol Bulgaria, replacing Nichita Sorin, who left to become chief executive of Rompetrol Gaz in Romania. Albin was previously chief executive of Rompetrol Georgia. He has more than 15 years of experience in the oil and gas industry; prior to joining Romania's oil group Rompetrol in 2008 as an adviser, he oversaw operations at Atyrau refinery in Kazakhstan, owned by Rompetrol's parent company KazMunaiGaz. He previously held top management positions at two other leading Kazakh oil and gas companies.

BASF Bulgaria

BASF Bulgaria

Valentina Dikanska is the new general manager of chemical industry giant BASF subsidiary in Bulgaria, taking over from Herbert Fisch, BASF vice president for Southeastern Europe. Dikanska, who started her career as an expert in the Finance Ministry, joined BASF Bulgaria as director of finance and administration in 2002. She becomes the first Bulgarian to hold the top management position in the company in its 40-year history on the Bulgarian market. Dikanska holds a master's degree in economics from the University for National and World Economy in Sofia.

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