InfoAnda - New rust belt grows in eastern Europe as crisis bites

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

US deficit reaches more than one trillion dollars | 14 July 2009
Bombs kill dozens as Iraqi Christians mourn | | 3 November 2010
Taliban call for boycott of Afghan polls, 'jihad' | 31 July 2009

Serious drought strikes farming regions in China | 5 February 2009

Forum Views () Forum Replies ()

Read more with google mobile : New rust belt grows in eastern Europe as crisis bites | International |

My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > International > Article Home Business & Finance News U.S. Politics International Technology Entertainment Sports Lifestyle Oddly Enough Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters New "rust belt" grows in eastern Europe as crisis bites Tue Jul 21, 2009 9:12pm EDT Email | Print | Share | Reprints | Single Page [-] Text [+] By Krisztina Than MISKOLC, Hungary (Reuters) - Heavy industries across eastern Europe, once the beacons of communist "planned economies," survived the collapse of communism 20 years ago but may not live to see the end of the current economic crisis. The downturn, which has hit the region's export-led economies hard, is threatening to turn former powerhouses of the communist and post-Soviet eras into a new "rust belt" and causing a surge in unemployment and leaving deep social scars. Geza Tokodi has worked in the Hungarian steel mill DAM in the northeastern city of Miskolc for 38 years. The global crisis has brought him face-to-face with the unthinkable: a shutdown of the plant for more than six months, plunging the huge production halls which once employed 18,000 workers into eerie silence. "My ears got used to the noise of the plant. Quiet is good when you want to have a rest, but here, it's much worse than noise," Tokodi says, walking through the vast derelict halls. The only sound in the vast plant is the occasional crack of metal expanding and contracting as the temperature changes or the cheep of birds that venture in through broken or open windows. The sprawling steel complex, once called the Lenin Steel Works, developed quickly in the 1950s when the communist government wanted to make Hungary "the country of iron and steel" despite its lack of raw materials and cheap energy. In its heyday in the 1980s. the city of Miskolc had more than 200,000 residents, most working in industry. The population has fallen to about 170,000 and unemployment stands at between 15 and 16 percent, well above the national average of 9.8 percent. DAM, which survived privatizations in the 1990s and was rescued after previous liquidations, is being wound up again and is laying off its approximately 700 remaining employees. The liquidation process started on June 24 and the liquidator Ratis Kft. has to put the assets up for sale. If it can find an investor, the plant may survive. Jozsef Papp, 53, who has been at DAM for 36 years, said they had been idle since late last year. "There have been a few liquidations, and the plant always survived, but I don't think this will be the case now," he told Reuters. Steelmakers throughout Europe have operated at between 55 and 60 percent capacity usage rates this year, shelved investment plans and cut jobs to weather the biggest downturn to affect the industry since World War Two. Continued... View article on single page Share: Del.icio.us Digg Mixx Yahoo! Facebook LinkedIn Next Article: Baghdad bombs kill 16, vehicle ban in Anbar region Swine Flu H1N1 virus spreading too fast to count The World Health Organization says that the H1N1 flu pandemic is the fastest-moving pandemic ever and that it is now pointless to count every case. Full Coverage | Slideshow Flu outbreak means lost summer for Mexican tourism Blog: Graphic timeline of global flu pandemics Factbox: How to fight flu spread More International News Asia darkens under longest solar eclipse of century | Video U.S. fears possible North Korea nuclear ties to Myanmar Honduras' Zelaya urges U.S. to step up sanctions U.S. to boost engagement with ASEAN at regional meet Indonesia releases sketches of suspected bombers | Video More International News... Related News FACTBOX: Eastern Europe job losses mount in economic downturn 21 Jul 2009 Editor's Choice Slideshow A selection of our best photos from the past 24 hours. Slideshow Most Popular on Reuters Articles Video Asia darkens under longest solar eclipse of century Actor Stephen Baldwin files for bankruptcy in NY UPDATE 4-Apple smashes profit forecasts, iPhone shines Movie deal could strengthen hold on Jackson estate | Video UPDATE 2-California counties, cities to fight budget deal WRAPUP 2-Honduras pressure mounts, U.S. wants deal "now" Asia darkens under longest solar eclipse of century | Video Apple smashes profit forecasts, iPhone shines China dust cloud circled globe in 13 days "Chaiwan" set to reshape Asia's tech landscape Most Popular Articles RSS Feed Video No bidders for the Watergate Dancing babies top viral video chart Shanghai prepares for solar eclipse Obama intensifies healthcare push Bernanke: U.S. economy improving China releases British flu students Chris Brown apologizes Iraq blasts in wake of U.S. pull-out Baboon gang raid visitors' luggage Jakarta bomb suspects caught on CCTV Most Popular Videos RSS Feed We want to hear from you Join the Reuters Consumer Insight Panel and help us get to know you better Please take a moment to complete our survey Reuters.com: Help and Contact Us | Advertise With Us | Mobile | Newsletters | RSS | Labs | Archive | Site Index | Video Index Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products | Professional Products Support | About Thomson Reuters | Careers International Editions: Africa | Arabic | Argentina | Brazil | Canada | China | France | Germany | India | Italy | Japan | Latin America | Mexico | Russia | Spain | United Kingdom | United States Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Wednesday, 22 July 2009
Five killed as suicide bombers attack Afghan cities
Sixteen killed in Iraq bomb attacks
Bernanke sees upturn, seeks to keep easy credit
Berlusconi's popularity dips below 50%: poll
Report Brazil official calls Israeli FM 'fascist'
Iran police detain protesters in Tehran clash: witness | International |
Iraq bomb attacks kill 21
Iran opposition under fire
U.S. worried about possible Myanmar-North Korea arms link | International |
Lebanon arrests Islamists plotting attacks
Iran police chief says opposition incites sedition
Europe raises pressure on Israel to stop settlements | International |
U.S. calls for deal to end Honduras crisis now | International |
Russian security services to examine personal post | International |
US backs Ukraine wish to join NATO: Biden
Panel delays Sotomayor vote as GOP support grows
Witness: DC mother let kids, 3 and 4, smoke pot
Charge dropped against black Harvard scholar
Stocks pull back as investors worry about earnings
Colo. senators want Ft. Carson in alcohol program
Some bailout firms up lobbying spending in 2Q
Police Drop Disorderly Conduct Charges Against Noted African-American Historian
ESPN reporter surreptitiously videotaped nude
Storms Cause Damage, Power Outage In Colorado
Rural U.S. carriers unimpressed with Verizon offer | Technology |
Biden: U.S. Supports Ukraine's Efforts To Join NATO
Committee Vote On Sotomayor Postponed For A Week
Report Warns Murder Rate Against Transgendered People Is Rising
ACLU, Republicans Slam President For Delayed Report On Guantanamo
Citi still weighing Korean bid to join bond index
Hollywood eyes Michael Jackson movie: report
Taiwan oks first fund targeting China stocks
Ex-CLSA banker jailed in HK for insider trading
Australian asks China for quick Rio resolution
SKorean auto workers resist calls to stop strike
Police: Dutch couple killed in Jakarta hotel blast
Indonesia detains 17 suspects in Freeport killings
Taiwan DRAM makers can apply for state funds
'Frumpy' Obama will never be fashion victim
Lebanon cave takes on Amazon for spot in new seven wonders
Ryan O'Neal opens up about Fawcett's final hours
Jackson Browne, Republicans settle lawsuit
Kasabian head Mercury Prize shortlist
Hollywood turns up hype for Comic-Con | Entertainment |
Hollywood eyes Michael Jackson movie: report
Harry Potter actor sentenced to community service | Entertainment |
The top 10 singles and albums on iTunes
Jackson Browne wins Republican apology over song | Entertainment |
Oz rockers Jet recovering from career turbulence | Entertainment |
Resigning British minister joins Afghan troop row
France's Lagarde hits bank bonus culture: report
Asia darkens under longest solar eclipse of century | International |
SKorean moves to turn science fiction into fact
Saudi counter-terrorism effort masks abuse
U.S. fears possible North Korea nuclear ties to Myanmar | International |
Four firefighters die battling Spain blaze
Apple posts 1.23 bln dlr profit in latest quarter
Call girl scandal deepens for Italy's Berlusconi
Baghdad bombs kill 16
Iraq bomb attacks kill 21
profits rise as revenues slide
Britain's National Gallery offers its art on the iPhone
18 dead in Iraq attacks
US quashed report on dangers of phone use while driving
Honduras' Zelaya urges U.S. to step up sanctions | International |
New York's 'Naked Cowboy' to run for mayor
Iran police clamp down to prevent protests
U.S. to boost engagement with ASEAN at regional meet | International |
Rural U.S. carriers unimpressed with Verizon offer
Mideast, Africa mobile broadband to explode: report
Heat turned on Israel over east Jerusalem settlements
Venezuela denies U.S. drug report, Hezbollah charges | International |
Disney Japan to sell movies in tiny memory cards
Israeli official: US should honor past deals
Ahmadinejad's choice insists on serving as Iran VP
Indonesia releases sketches of suspected bombers | International |
Battered Afghan wives opt for divorce instead of suicide | International |
New rust belt grows in eastern Europe as crisis bites | International |
Obama, Iraq's Maliki set for landmark Washington meet
Obama to address China-US economic talks
Clinton declares the US 'is back' in Asia
Taliban kill 6 in attacks in 2 Afghan cities
Greenpeace charged in Mount Rushmore demonstration
Taliban bombers attack 2 Afghan cities, 14 die
AP Interview: NRC to press ahead with Yucca review
Mass. woman charged in boy's Father's Day beating
Police summons former Maldives president
Legal status of US workers' an immigration issue
Calif. deficit deal likely just a temporary fix
Is Myanmar going nuclear with North Korea's help?
AP NewsBreak: Palin implicated in ethics probe
Record-breaker Guo wins 5th 3m world diving title
China to allow 2,700 Muslims to visit Mecca: report
Yahoo eyeing sale of HotJobs, Yahoo Small Business: peHUB | Technology |
Suspect: Solo shooter killed Florida couple
Australia sweat over fitness of fast bowler Lee
IBM boosts Juniper pact, plays down Cisco rivalry | Technology |
Japan PM urges voters to say no to change
Cal State trustees vote for 20-percent fee hike
404 Not Found
Steve Madden sues eBay over watches | Technology |
Disney Japan to sell movies in tiny memory cards | Technology |
Actor Kiefer Sutherland dodges headbutt charge
Harry Potter actor sentenced to community service
NZ coming out of recession, jobless to rise
Seoul shares rise for 7th session; LG Elec falls
Movie deal could strengthen hold on Jackson estate
Actor Kiefer Sutherland dodges headbutt charge
Publicist: Mischa Barton 'making improvements'
Indonesia police search office after bomb threat
404 Not Found
NY judge reinstates Rather fraud claim against CBS
US Weekly editor resigning after six years
Marc Anthony takes stake in Miami Dolphins
Actor Stephen Baldwin files for bankruptcy in NY
Oz rockers Jet recovering from career turbulence
Movie deal could strengthen hold on Jackson estate | Entertainment |
Actor Stephen Baldwin files for bankruptcy in NY | Entertainment |
List of top 20 shows in prime-time Nielsen rating
NY judge reinstates Rather fraud claim against CBS | Entertainment |
Actor Kiefer Sutherland dodges headbutt charge | Entertainment |
Marc Anthony takes stake in Miami Dolphins | Entertainment |
US Weekly editor resigning after six years | Entertainment |
Massive quake moves NZealand closer to Australia
New Politkovskaya hearings start August 5: reports
BlackBerry cries foul over UAE 'spyware'
US envoy hears Pakistan concerns on Afghan war
Pakistan jets kill Mehsud associates: official
SKorea's Samsung claims slimmest 'watch phone'
India's Wipro says Q1 profit up almost 12 pct
Maliki to meet Obama, seek support for investment
Disney Japan to sell movies in tiny memory cards
SKorea's Samsung claims slimmest 'watch phone'
Obama in all-out push for US health reform
US touts 'defence umbrella' against Iran
Report: NY, NJ immigration raids violated rights
Immigrants from Mexico decline to lowest in decade
Woman found dead at Calif. food processing plant
Oakland voters pass pot tax to boost city coffers
3 accused of letting rats chew toes off Ohio baby
San Diego will seek lifting of seal removal order
Three wounded in shooting near Indonesia mine
Timor thriller 'Balibo' to stir up controversy
Taiwan aims to build $910 mln mega resort-casino
SKorea police use tear gas in strike standoff
Hyundai-Kia's 3.28 bln dlr 'green' project plans
Seoul shares end firm, rise for 7th session =2
Seoul shares end firm, rise for 7th session
LG Electronics posts record Q2 earnings
Chinese boycott Australian festival in Uighur row
Albania rids beaches of Cold War bunkers
APEC trade ministers protectionism warning
White House goes a little bit country
Pakistani c.bank buys 18.4 bln rupees of govt paper
'Criminal aspects' probed in Jackson memorial cost
LA County leaders vote in support of Wagner opera
PREVIEW-Pakistan central bank seen slashing discount rate
Japan should avoid deflation spiral: BoJ official
'Billy Elliot' begins its tour in Chicago in March
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01