The Greek government is embarking on a strategic initiative to reverse the brain drain phenomenon by enticing Greek professionals and scientists who left the country during the economic crisis to return. The ambitious goal is to achieve “brain regain.”
Remarkably, data from the Conference and Workshop on Neural Information Processing Systems (NeurIPS), one of the world’s premier conferences on artificial intelligence, indicates that 11% of the global top 0.5% of AI researchers are Greek. However, the majority of them currently work outside Greece.
Quantifying this reversal effort, statistics reveal that approximately one in three businesses made one to six hires of Greek professionals from abroad in the past twelve months. Moreover, 5% of the surveyed businesses conducted 10 to 50 such hirings, with the average being higher for companies with an annual turnover exceeding €50 million.
The most sought-after specialties include information technology, management, and engineering disciplines (excluding information technology), with 48% of repatriated Greeks holding expertise in one of these fields.
Digital Tech Professionals Made up a Large Portion of Professionals Who Left
According to a study by the Hellenic Federation of Enterprises (SEV), a significant portion of those who emigrated during the crisis specialized in digital technologies, exacerbating the shortage of skilled personnel with these qualifications in the Greek job market.
Speaking to ” Ta NEA”, Professor Lois Lamprinidis of the Department of Economic Sciences at the University of Macedonia addressed the causes of brain drain, efforts to address the youth exodus, and indications of a potential trend of repatriation.
Lamprinidis emphasized various factors contributing to brain drain, such as bureaucracy, nepotism, and meritocracy. However, the key issue, he asserted, is the limited demand for specialized human resources, leading to high rates of underemployment and non-career-oriented jobs with relatively low salaries.
In terms of government incentives to encourage repatriation, Lamprinidis raised concerns about the effectiveness of incentives alone, pointing to countries that achieved repatriation success through a combination of significant development rates and incentives. He also questioned whether those who stayed in Greece should receive equal treatment, highlighting potential social injustice.
Source: tovima.com
Latest News
Economist: Greece Included in the Best Performing Economies in 2024
Meanwhile, Northern European countries disappoint, with sluggish performances from the United Kingdom and Germany.
EasyJet Expands Its Routes from Athens
The airline’s two new routes will be to London Luton and Alicante and they will commence in summer 2025.
Capital Link Forum Highlights Greece’s Economic Resurgence; Honors BoG Gov Stournaras
Capital Link Hellenic Leadership Award recipient, Bank of Greece Gov. Yannis Stournaras, an ex-FinMin, was lauded for his pivotal role during Greece’s economic recovery
Tourist Spending in Greece Up by 14%, Visa Card Analysis Shows
Greece’s capital Athens emerged as the most popular destination, recording a 17% increase in transactions with Visa cards, surpassing even the cosmopolitan island of Mykonos.
Inflation in Greece Unchanged at 2.4% in Nov. 2024
The general consumer price index (CPI) posted a 0.4% decrease in November compared to the previous month
2024 Christmas Holidays: Extended Shop Hours Schedule
The 2024 Christmas Holidays extended shop hours schedule commences on Thursday, December 12 and runs until the end of the year.
ELSTAT: Seasonally Adjusted Unemployment Down in October
The number of employed individuals reached 4,284,694, an increase of 67,723 compared to October 2023 (+1.6%) and 22,002 compared to September 2024 (+0.5%).
Greek PM’s Chief Economic Adviser Resigns
In the post on his Facebook page, Patelis did not disclose the reasons that led him to step down.
“Masdar Invests in the people of Greece and in the vision of TERNA ENERGY”
Four messages from the CEO of Masdar, the Arab renewable energy giant, after its acquisition of 70% of TERNA ENERGY
Lloyd’s List Greek Shipping Awards 2024: Honors for leading companies and personalities in the Greek shipping sector
20 awards presented at the 21st annual Lloyd's List Greek Shipping Awards