Unemployment rises to 8.4% in July

Czech unemployment rate grew to 8.4 percent in July from June’s 8 percent, while in July 2008, the jobless rate was 5.3 percent, the Labour and Social Affairs Ministry said. Full...

Economist: Recession to stay ‘ugly’ into 2010

From Prague Daily Monitor: Pavel Mertlík, chief economist at Raiffeisenbank’s Czech unit, says the Czech recession is now spreading from the export-oriented manufacturing sector to domestic services. “While it may seem that the worst is behind us, next...