Page 22 - COMPASS - COMPETITIVENESS REPORT 2021 | COUNCIL OF COMPETITIVENESS IN GREECE

“COMPASS” REPORT 2021 – COUNCIL ON COMPETITIVENESS OF GREECE 21

The development of skills (digital as well as soft skills such as communication, flexibility
and adaptability, teamwork, creativity, emotional intelligence, etc.) as well as quality
improvements in provided vocational training and lifelong learning that closely
corresponds to market demands are the biggest challenges for the country in the Society
SOCIETY and Talent pillar. Activity in this direction will allow the country to better utilise a potentially
& TALENT
strong advantage it possesses: a reserve of high-quality human resources, particularly in
the natural and applied sciences.

Greece has launched projects and collaborations that aim to address environmental
sustainability and the development of transport and telecommunications infrastructures.
Developing, expanding, modernising and connecting transport infrastructures will bring
fundamental advantages, promoting commerce and achieving regional integration. At
RESOURCES & the same time, moves to develop telecommunication infrastructure are important and
INFRASTRUCTURE
will constitute the basis for the country’s digital transformation, both on the social and
on the corporate level.

Due to the extraordinary circumstances of the pandemic, this year there were no available
data for most indices of the Business Environment pillar. Recent years have brought
positive developments and reforms to stabilise the financial system, attract investment,
and promote innovative companies. Despite the measures, the pandemic is expected
BUSINESS to have a direct and significant impact on the country's entrepreneurial environment,
ENVIRONMENT
which is fragmented, counting numerous very small businesses. To boost the country's
competitiveness, it is deemed necessary to focus more on business financing beyond
traditional banking products; to further promote flexibility of the labour market; and to
bolster and facilitate the competitive environment by reducing non-wage labour burden
and by providing fairer tax treatment.