14. For all regions whose GDP per capita (in PPS), used as eligibility criterion for the 2007-2013 period was less than 75% of the EU-25 average, but whose GDP per capita is above 75% of the EU-27 average, the minimum level of support in 2014-20 under ‘Investment for growth and jobs’ goal will correspond every year to 60% of their former indicative average annual allocation under the Convergence allocation, calculated by the Commission within the multiannual financial framework 2007-2013.

Between the years 2000 and 2007, i.e. before the financial and economic crisis, the average annual growth of the industrial production index in the EU-28 had been approximately 1,7 %.

23. Recognises the challenges of high unemployment and poverty, which continue to represent a major burden on the country; welcomes the debate on a minimum wage that is currently taking place in the parliament; recalls the low standing of the country in the UN Human Development Index and welcomes the adoption of the Strategy against Poverty and Social Exclusion; stresses, while calling on the government to make more efforts to address structural unemployment and protect vulnerable groups, that only sustainable economic growth through the creation of an environment that encourages businesses to invest more can be a solution to the seri ...[+++]ous problem of persistently high levels of unemployment in the country; to this end, urges the government to support small and medium-sized enterprises by facilitating access to finance and encourages it to continue its good practice of consulting business community representatives;

23. Recognises the challenges of high unemployment and poverty, which continue to represent a major burden on the country; welcomes the debate on a minimum wage that is currently taking place in the parliament; recalls the low standing of the country in the UN Human Development Index and welcomes the adoption of the Strategy against Poverty and Social Exclusion; stresses, while calling on the government to make more efforts to address structural unemployment and protect vulnerable groups, that only sustainable economic growth through the creation of an environment that encourages businesses to invest more can be a solution to the seri ...[+++]ous problem of persistently high levels of unemployment in the country; to this end, urges the government to support small and medium-sized enterprises by facilitating access to finance and encourages it to continue its good practice of consulting business community representatives;

In the first half of the 1990s, the EU experienced an annual average growth in labour productivity (1.9 %) considerably exceeding the US (1.2 %), but the pattern changed dramatically in the following period 1995-2001. The annual growth rate declined to 1.2 %, while the growth in the US expanded to 1.9 %.

I would like to draw the attention of the House to the fact that the vast majority of mutual funds now operated by these same managers cannot even perform at the average of the growth in Canadian stock exchange prices.