Productivity

Deeper integration of the European Union's internal market could prove crucial for boosting lackluster economic growth and productivity levels in the 27-member trading bloc, a senior IMF official told AFP Friday.

Greece's agricultural population is aging. The country's farmers have a low level of training and are largely stuck in the practices and reasonings of the past, characteristics that, in combination with others, affect the productivity and competitiveness of Greece's domestic primary production sector.

Labor productivity in Greece remains low compared to Europe, according to the annual report of the Hellenic Productivity Council highlighting a permanent weakness of the Greek economy.

A pay rise alone is not enough to lure back scientists who emigrated during the financial crisis of the previous decade, according to the majority of participants of a conference on the challenges and opportunities for individuals, society and the economy by the National Documentation Center. 

The Hellenic Federation of Enterprises (SEV), in association with ALBA (the Graduate Business School of the American College of Greece), is organizing its seventh cycle of scholarships for the educational evolution of its members' officials.

Payments of productivity bonuses have started for civil servants who have achieved the goals set by government ministries for 2022. The beneficiaries are employees of the Ministry of Finance and other financial services of the state.

An article in the German newspaper Handelsblatt mentions the incentives that the Greek government wants to give to small businesses to increase competitiveness.

The newspaper writes: "No other economy in the EU has as many small businesses as Greece. With tax breaks for mergers and acquisitions, the government now wants to change that."

Tapping away at the computer keyboard, and sitting for hours in the office chair, it's an image familiar to many, but the norm of working long hours is killing hundreds of thousands of people every year.

That's according to the World Health Organization, which warned Monday, that longer working hours is a worsening trend that may have intensified during the pandemic.

Civil servants will be rewarded for their productivity, Interior Minister Makis Voridis said on Wednesday.

Speaking to Open TV, Voridis noted that initiatives will be taken in the near future in order to create a reward mechanism so as "to instill a culture of meritocracy in public administration."

Turkey's industrial productivity increased by 2.84% year-on-year from July to September, the Industry and Technology Ministry said on Dec. 11. 

Calendar adjusted index of production per person employed stood at 114.09 in the third quarter of 2020, rising from 110.23 in the same period last year, according to official figures.