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Competitiveness: Slovenia, Bulgaria, Croatia, Malta & Cyprus fail to catch up

September 10, 2014 - Financial & Competition

Jennifer Baker is joined by Pia Ahrenkilde Hansen, spokeswoman of the European Commission, to discuss the European Competitiveness Report as well as the Member States’ Competitiveness Report – both released on Thursday 11 September.

Both reports show that the European industry is fighting hard to maintain its competitiveness, but especially that more needs to be done in order to reach a 20 percent share of Europe’s gross domestic product (GDP) by 2020 and in this way to achieve long term economic competitiveness for  European manufacturing industries, argues the spokeswoman. The Netherlands, Germany, Denmark and Ireland improved their competitiveness most, whereas Slovenia, Bulgaria, Croatia, Malta and Cyprus showed least progress , explains Ahrenkilde Hansen.

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