National Economy Minister Márton Nagy said the shortage of skilled labour is the “most important challenge” facing the European labour market ahead of a meeting of the Employment, Social Policy, Health and Consumer Affairs Council in Brussels on Monday.

Nagy noted that 77% of European companies had said that the shortage of skilled labour was the “most challenging” factor for their operations, while 60% had said that it was a “barrier to investment.”

He said the ministers would also discuss the employment and social policy priorities for the 2025 European semester and the traineeship directive. Although a qualified majority does not yet support the traineeship directive, he added, the sides are moving closer.

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