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Fico: Productivity and salary imbalance due to cheap labour

Slovak PM Robert Fico, speaking at the opening of the European Productivity Conference and 10th national productivity forum in Žilina on October 23, said that Slovakia's leading position in productivity within the V4 countries didn't correspond with the growth of salaries, which was a downside of pursuing a cheap labour policy.

According to the Slovak Productivity Centre (SLCP) in Žilina supervisory board chairman Milan Gregor, the European Productivity Conference has four main topics that resonate not only in the EU but also in Slovakia - competitiveness, a knowledge-based economy, innovation and productivity.

The European Association of National Productivity Centres (EANPC) president Peter Rehnstrom stressed that the goal of the first conference in Finland last year was to create a network and integrate individual productivity centres. Rehnstrom said that the EANPC is composed of 14 centres and the decision to organise international productivity conferences was adopted three years ago to not only learn how to enhance productivity but also to discuss this sphere. TASR

Compiled by Zuzana Vilikovská from press reports
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