bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Monday 27.06.2016 | Name days: Malvīne, Malvis

Eurostat: unemployment level in EU drops to 10.6%

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUThe seasonally adjusted level of unemployment in the European Union dropped to 10.6% this February, according to the latest data of Eurostat.

Unemployment in Eurozone, on the other hand, was 11.9% last December and has not changed in comparison with January.

According to the latest estimates on unemployment, it remains unchanged in Eurozone since October 2013.

Data from Eurostat shows that there were 25.92 million unemployed persons in the EU, including 18,965 million in Eurozone.

Compared to January, the number of unemployed persons in the EU has reduced by 65,000 and that of Eurozone has reduced by 35,000.

In comparison with the same month of 2013, the number of unemployed persons in the EU had reduced by 619,000 this February. The number of unemployed persons in Eurozone had reduced by 166,000 in February 2014.

This February, the highest level of unemployment was registered in Spain (25.6), Croatia (17.6%) and Cyprus (16.7%).

Unemployment in Greece was higher than that of Spain and had even reached 27.5%. However, in Greece’s case the latest data on unemployment is available for December 2013, not February 2014.

No data is available for Latvia and Estonia. Nevertheless, according to data available for Q4 2013, Latvia’s overall unemployment level was 11.6%.

The lowest level of unemployment in the EU can be found in Austria (4.8%), Germany (5.1%) and Luxembourg (6.1%).

Lithuania’s level of unemployment was 11.5% this February.

Ref: 103.109.109.8473


Leave a reply

Nordea: Brexit will not cause a deep recession or financial crisis in EU

«The European Union will have to control policy following Brexit and make certain that other countries do not follow Britain’s example. There are many who are dissatisfied with processes in the European Union. It is not right, however, that the responsibility is put on the European Central Bank. The European Union can hope for economic growth because the situation has stabilized with good conditions for investments and long-term deposits,» – says Nordea Bank’s head economist in Baltics Žygimantas Mauricas.

Week in Lithuania. Vilnius western bypass to be launched in 2016

Construction on the third phase of Vilnius western bypass may be completed as early as this year and the road is expected be opened to traffic immediately thereafter, Vilnius Major Remigijus Šimašius has said.

VNT: neither the Freeport board nor officials act to increase cargo flow at Ventspils port

In the first five months of 2016 Ventspils nafta terminals transshipped a total of 3.8 million metric tons of oil products, equal to a decrease of 27% compared to the same period in the previous year.

Creation of SRS Tax and Customs Police asked to be extended until the end of 2016

Creation of the State Revenue Service’s Tax and Customs Police is requested to be extended until the end of the year, as mentioned by Edijs Ceipe, Director of SRS Finance Police Administration, at the meeting of the Saeima’s Anti-Corruption Parliamentary Investigation Committee.

EU plans to relocate the union’s banking regulator from London

The European Union is currently preparing to relocate the European Banking Authority. This decision appeared after British voters supported the plan for their country to exit the European Union, as reported by Reuters with reference to anonymous sources.

British pound continues to drop

The value of British pound has continued to fall on June 27 in Asian trading extending the record one-day decline on June 24.

German and French leaders of same opinion on Brexit process

France’s President François Hollande and German Chancellor Angela Merkel have stated they are of same opinion as to how the EU should act in the situation arising from UK’s decision to leave the bloc.

Economists: Brexit will not cause Latvia major short-term losses

Although Brexit – Britain’s exit from the European Union – will negatively impact economic development, it will not cause major short-term losses for Latvia, believes Uldis Rutkaste, economist of the Bank of Latvia.

Agronomist: summer harvest expected to be average

This year’s summer harvest may be average or low. Summer wheat harvests, for example, are expected to reach 3.9 tons per 1 ha, according to information from Latvian Rural Advisory and Training Centre.

After Britain votes to leave EU, Cameron to step down in autumn

Following the announcement of the final result of the referendum in the UK that the majority of voters have expressed their will to leave the European Union, British Prime Minister David Cameron has stated he would resign from office by October.

VNT points to lack of transparency in Ventspils Freeport’s rules

Ventspils Nafta Terminals believes amendments initiated by Ventspils Freeport on 27 May to the rules of Ventspils Freeport were developed basically with no involvement from the terminals working at the port, including VNT.

SKDS study: police work is valued the most by Russian speakers

Russian-speaking residents (34%) in Latvia value police worm more than Latvian-speaking residents (28%). But the majority of Latvian residents (38%) believe raiderism is widespread in the country. 27% of Russian-speakers also believe this, according to results of a study by SKDS.

Estonian investors buy pension funds from Danske Bank

Estonian capital management company LHV Varahaldus acquired for 10.92 million euros pension fund holder Danske Capital, according to a Tallinn stock exchange announcement of July 22.

Prime Minister: Brexit will not give the United Kingdom anything

Exit from the European Union would not give the United Kingdom anything, says Latvian Prime Minister Maris Kucinskis.

EU exit referendums suggested for every member state

In France, leader of far-right party National Front Marine Le Pen suggested that every European Union member state should hold a leave/remain referendum like the UK.

Ambassador: Baltics are like a flagship – if they are doing well, the world can be sure about the future

NATO’s greatest threat is our own inertness and unwillingness to protect our own values, reveals former US ambassador to NATO Kurt Volker, who recently read a lecture ‘Why Baltic security is important to United States?’ as part of an event organized by the Baltic-American Freedom Foundation.

Court in Poland rules official guilty of negligence in Smolensk crash

Court in Poland has on June 21 given a suspended prison term to a former security officer in relation to the 2010 plane crash when Polish President Lech Kaczyński and 95 other people died.

EM: producer price decline continues in processing industry

Compared with April, producer prices declined 0.2% in Latvia’s processing industry in May 2016. The level of prices for products on the domestic market declined 0.2%. Prices of products sold on the export market remain on the level of the previous month, according to data from the Central Statistical Bureau of Latvia.

Ventbunkers paid more than EUR 1 million to Ventspils municipal budget last year

The fact that Ventbunkers has been recognized as the largest taxpayer in Ventspils for three consecutive years is proof of the company’s productive and successful work, says Alvis Haze, Chairman of the Board of Ventbunkers.

Man armed with biscuits belt puts Brussels on terror alert

Terror attack-scarred Belgian capital was on June 21 put on alert by a man wearing a fake explosives belt, which as it turned out was loaded with biscuits and salt.

EU extends sanctions against Russia for six more months

Economic sanctions the European Union has established against Russia have to remain in force for another six months, as agreed upon by ambassadors of the European bloc countries on Tuesday, according to sources.

Tallinn residents to continue to ride city trains for free

The Tallinn’s municipality and passenger train company Elron have extended the term of their agreement ensuring registered residents of the Estonian capital will be able to use trains for free within the capital’s city limits until late 2017.

Indian PM stretches back to mark Yoga Day

On the day, when summer solstice is celebrated in the Baltics and other countries, the International Yoga Day is marked in Asia and elsewhere since 2016. In India, a mass yoga exercise has been held with the participation of some 30 000 people and 65-year-old Indian Prime Minister Narendra Modi.

German Economy Minister to meet with Putin

German Minister of Economy Sigmar Gabriel is to meet with Russian President Vladimir Putin in Moscow next week to talk about bilateral relations at a time when the German federal government is not entirely seeking warmer ties with the Kremlin.

Rinkevics: Georgia has completed the requirements for the visa-free regime

«Georgia has completed all the necessary requirements to introduce the visa-free regime. Latvia is confident that the approved visa-free regime halting mechanism and Georgia’s law enforcement institutions’ expressed readiness to cooperate with Europe is sufficient to establish a visa-free regime for Georgia’s citizens,» – said Latvian Foreign Affairs Minister Edgars Rinkevics.

Newest comments