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International Internet Magazine. Baltic States news & analytics Friday, 24.10.2014, 19:07

Estonian aims to raise productivity per employee to 80% compared to EU average

Juhan Tere, BC, Tallinn, 29.06.2012.Print version
The Estonian government approved on Thursday of the proposal to compile Estonian business growth strategy for 2014-2020, the main aim of which is to increase Estonia's competitiveness via creation of bigger additional value, LETA/Äripäev.ee reports.

The aim is to facilitate achieving the competitiveness plan "Estonia 2020" aims: raise productivity per employee to 80% as compared to EU average and raise the employment rate in the age group 20-64 to 76% by 2020, writes LETA.

 

In 2009, Estonia's productivity per staff was estimated to be 65.8% of EU average.

 

The state plans to make the business and innovation policy strategic framework a more integrated whole, with the strategy. The strategy is targeted directly at companies and three aims are kept in mind: Estonian companies should earn more income from products and services with high extra value, entrepreneurs are competent, well managed and effective and the Estonian economy is internationally integrated, innovative and enterprising.






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