According to a report by the journalist group Lighthouse reports, 22.74% of migrants employed in Greece are overqualified for their jobs, which is second only to Italy.
Italy is the worst country in terms of over-qualification, where two-thirds of immigrants are over-qualified compared to 41.3% of natives, said Lighthouse.
Considering the labor shortages throughout Europe in a variety of sectors, the information is pertinent because it points to a need to create a pathway for the recognition of academic qualifications of migrants.
Additionally, it indicates that a host of other structural issues in the labor market must be rectified to enable migrants to flourish.
According to the European Commission, brain waste is the non-recognition of skills and qualifications acquired by migrants outside of the EU.
It impacts women more than men and, across Europe, 47.5% of college-educated immigrants are overqualified for their jobs compared to natives.
In order to calculate brain waste, Lighthouse reports considered the rate at which college-educated migrants are overqualified for their current jobs, are unemployed compared to college educated natives and are underemployed compared to natives with the same education.
Lighthouse reports says that the European economy could grow by 33.8 billion euros if the structural discrimination was rectified.
Latest News
Two Greek Beaches in Top 50 in the World
Both Greek beaches were on the list of the best beaches in Europe too
Eurostat: Greece 20th out of 26 European States in Hourly Average Wage
According to figures released by Eurostat, the Benelux Grand Duchy of Luxembourg, one of Europe’s hubs for finance, is in first place
Greek Property Renovation Surge amid Economic Constraints
This has led to a notable escalation in renovation costs, with average prices per square meter exceeding previous norms and reaching even 1,000 euros in premium locations
RRF: Additional €5.1bln Funds for Subsidies to Greece in 2025
By April 22, funds totaling 5.75 billion euros had been transferred for approved projects of the Recovery Fund to entities within and outside the general government and final recipients
OECD: Greek Economy Resilient with 2% Growth Forecast for 2024
However, the OECD highlights challenges including the need to enhance productivity and fiscal adjustment due to high debt levels.
Challenges and Delays in Greece’s Hydrocarbon Exploration
Sources disclose that the petroleum companies holding the concessions are seeking partners to jointly invest and share the costs of exploration and drilling.
Greek Beach Visitors Can Report Violations on New ‘MyCoast’ App
Greek authorities hope the newly-launched, free ‘MyCoast’ app will help clamp down on public beach violations
BoG Figures Confirm Banner Year for Greek Tourism in 2023
20.6 billion euros in related revenues topped the previous year’s figure by 16.5%
Piraeus Bank to Propose First Dividend in 16 Years
Piraeus Bank has forecast profits of roughly 900 million euros this year, rising to one billion euros next year
Eurostat: Inflation in Greece Eases to 3.2% in April; 2.4% in Eurozone
The rate of increase for food prices was up by 4.9% in April 2024, compared to 4.8% in the previous month