Greece posted a 1.4% rise in competitiveness in third-quarter 2005 on the basis of a price comparison, and 0.9% in terms of labor costs, Development Minister Dimitris Sioufas said on Wednesday.

The country showed the highest rate of improvement in the eurozone on the basis of European Union financial data, Sioufas told a book presentation.

"In the indices of all international organizations, Greek competitiveness had been in a permanent state of decline from 2001 onwards, despite relatively high rates of growth," Sioufas said.

"We (the government) said we would put an end to this decline and what we said has become reality," he noted.

The book presentation was for "The Competitiveness of the Greek Economy 2005" by journalist Robert McDonald.
 

Source: Athens News Agency

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