Tamás Szemlér predictable economic environment, in 2005 the government has proposed to contribute to greater predictability by launching the debate on a more predictable wage policy. This, in principle, can also contribute to the objective of making macroeconomic, structural and employment policies more coherent. Microeconomic outlook and measures The microeconomic situation and development is also crucial for Lisbon-related reforms. In Hungary, though there is an improving trend, and the country performs better than some of its Central European competitors(see Figure 1), productivity is still much lower than in the EU. This situation is due to a number of structural characteristics, to the problems in the availability of capital(both physical and human), the inequalities in the competitiveness of the business sector and the relatively low average efficiency of public services. Figure 1. Productivity of labour in selected countries (per employee, EU-25=100) Pr oductivity of Labour(per employee, EU-25=100 ) 120 100 80 60 40 20 0 1995 1996 1997 1998 1999 2000 2001 2002 EU-15 Hungary Czech Rep . Poland Slovakia 2003 2004 Source: National Reform Programme for Growth and Employment(2005), p. 55. 124