.. | Systematic monitoring of competitiveness and productivity indicators, through the examination of a wide range of internationally recognized qualitative and quantitative indicators and benchmarking against the world's best performing countries as well as with competing countries (especially within EU). This assessment and analysis of the economy’s international competitiveness aims to identify the key factors affecting competitiveness and to propose targeted policy measures. |
... | Identify weaknesses and propose reforms in priority sectors, with special focus on policy measures targeted to address competitiveness and productivity challenges identified, with the aim to promote sustainable development. |
... | Preparation of a Competitiveness Report, every two years, which will be submitted to the Minister of Finance and published at the same time. The Competitiveness Report will serve as the key analysis tool for the Council's work and will include the following: |
 | a. | ..benchmarking the competitiveness and productivity of the Cyprus economy internationally and against selected countries, |
| b. | ..conclusions on problematic areas and key factors affecting them, and |
| c. | ..identification of priority sectors where policy measures are needed to address the challenges identified. |
... | Preparation of additional reports, where appropriate, with regards to specific competitiveness and productivity aspects which may be identified as problematic by the Council, and for which specific recommendations for improvement, through concrete and practical measures, will be provided. |
... | Preparation of an Annual Report on the work of the Council. |
... | Conduct of dialogue with organized private sector stakeholders on key competitiveness and productivity issues. |
... | Cooperation with other EU member states' Councils and with the European Commission with the view to exchange views and best practices. |