Bulgarians with Lowest Labor Productivity in EU

The labor productivity of Bulgarian workers is only 41.5% of the average in the EU. File photo

Bulgarians work the longest hours in the European Union, but produce the less.

The data comes from a study of the European Foundation for the Improvement of Living and Working and Eurostat, the statistical office of the EU.

The main factors for the low labor productivity are: lack of investments on the part of the State and the private business in modern technologies; the major part of job positions being in sectors with low added value; lack of qualified workers, and poor organization and management in many companies.

The low productivity – only 41.5% of the average in the EU, also reflects on salaries, which are 14 times lower than those in Denmark, for example.

The report further shows that compared to the newcomers from Central and Eastern Europe, workers in the older EU Member States work shorter hours, but with much higher effectiveness.

About 60% of working Bulgarians are store clerks, drivers, bartenders, waiters, and security guards while the number of those who produce goods is going down.

According to the Director of the Institute for Market Economy, Krasen Stanchev, the main reason for the low productivity is the too strong interference of the State in the economy.

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