OECD

Although businesses in Greece report a shortage of staff in cutting-edge specialties, OECD data show that 33.3% of vocational education graduates aged 25-29 are unemployed and not participating in an educational program that could enhance their professional skills.

The opposition's bid to address the issue of recent tax hikes has faced a setback during the July 25's extraordinary parliamentary session as the proposal for a general meeting was ultimately rejected, resulting in the parliament entering another recess.

The presence for the first time of a Hellenic Federation of Enterprises and Industries (SEV) representative at Friday's meeting of rectors sent a clear message that universities are turning their attention to the labor market.

Tellingly, the rectors are calling on the Education Ministry to strengthen the institution of the practical training of graduates.

The world's wealthiest nations must urgently prepare for the impact of an imminent "AI revolution" that will change jobs, create new ones and make others disappear, the OECD has said.

Wages are rising in Japan more than they have in decades, at least for some workers.

But so are prices, leaving many people feeling they must scrimp more than ever.

In May, the consumer price index was up 3.2 percent from a year earlier, well above the central bank's target of about 2 percent.

The Organization for Economic Co-operation and Development has forecast a weak global economic recovery from the shocks caused by the coronavirus pandemic and the Russian invasion of Ukraine, due to persistently high inflation and the associated restrictive policies of leading central banks seeking to contain price pressures by raising interest rates.

The Wealth of Nations Index is an innovative measure of economic development created by the Warsaw Enterprise Institute. Out of 38 classified countries (EU+OECD), Bulgaria ranks 36th. This is a rise of one notch compared to the previous edition. Ireland along with Switzerland and the United States are the top 3 countries on WNI.

"Our initial self-assessment showed that Bulgaria meets OECD standards to a high degree. With maximum internal mobilization, we have the ability to complete the accession process in about three years." This was commented by Caretaker Prime Minister Galab Donev at a joint press conference with OECD Secretary-General Matthias Korman.

In July 2022 Professors Konstantinos Drosatos and Nicholas Ktistakis published a letter in Nature, the pre-eminent scientific journal, demanding the creation of a national research foundation in Greece. Forty scientists, including myself, were co-signatories. The letter raised one fundamental issue, namely the lack of systematic funding that would support research in Greece.

Torn down by growing debt and a barrage of crises, leaders of the world's poorest countries have stepped up calls for the rules governing handouts of billions of dollars to be rewritten.

Western nations gave out more than $185 billion in grants and cheap loans in 2021, according to the OECD. Official development assistance is one of the pillars of the international financial system.