The European economy loses over 2% of productivity per year due to a mismatch of skills, according to a recent study commissioned by the European Economic and Social Committee. This means a loss of 80 eurocents for each hour of work. The situation will get even worse in the future due to demographic trends and ongoing technological developments, if no reforms are undertaken.
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The Africa-EU Economic and Social Stakeholders' Network sees young people in Africa as key actors in Africa's economic and social development.
The European Economic and Social Committee (EESC) welcomes the European Commission's proposals regarding its Action Plan on VAT, which aim to modernise the EU Value Added Tax (VAT) system, at the same time calling for some modifications. It asks the Member States to do their utmost to implement the proposed reforms and move towards the definitive VAT system within a reasonable timeframe.
EESC Vice-President Gonçalo Lobo Xavier at the European Industry Day
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Looking back at the achievements of the Maltese Presidency and in particular at the progress made by the business community – this was the focus of a debate during the last Employers' Group meeting on 20 September, with the participation of the Employers' Group members and the presidents of the three major Maltese employers' organisations.
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