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EconomyProgramme![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-medium.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
IMF insists labour market reforms need to be preserved The IMF has reiterated its key recommendations for Athens and placed strong emphasis on labour policies and continuing reforms that will foster growth and facilitate investment.
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EconomyFeatures
More changes needed to unlock private sector's potential, report says Greece has to take specific steps to unleash the potential of its business economy because the reforms implemented during its three adjustment programmes have not had the desired impact, a study carried out by the German Institute for Economic Research (DIW) argues.
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EconomyMacroeconomy
Employment balance records 33,620 more hirings than departures in June The employment balance remained in positive territory in June with 33,620 more hirings than departures, data from the Labour Ministry’s Ergani information system revealed.
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EconomyMacroeconomy
Unemployment rate stable at 21.2 pct in Q1 The Greek non-seasonally-adjusted unemployment rate came to 21.2 percent in the first quarter (Q1) of the year, remaining unchanged from Q4, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
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EconomyMacroeconomy
Wages index rises by 2 pct in Q1 and 4.9 pct YoY The seasonally adjusted (SA) Wages Index rose by 4.9 percent year-on-year (YoY) in the first quarter (Q1) of the year, after a rise of 2 percent in Q4 2017, Hellenic Statistical Authority (ELSTAT) figures revealed on Tuesday.
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EconomyMacroeconomy
Hirings balance hits new record high of 108,725 in May The employment balance continued its positive momentum in May with hirings outpacing departures by 108,725, data from the Labour Ministry’s Ergani information system revealed.
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EconomyMacroeconomy Unemployment at 20.1 percent in March Greece’s seasonally adjusted (SA) unemployment rate in March came to 20.1 percent, falling against the downward revised figure of 20.6 percent for February, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
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EconomyMacroeconomy
Almost 1 in 3 jobs in private sector are part-time, average full-time salary at 936 euros The Unified Social Security Fund (EFKA), which has since last year seen all the main social insurance funds in Greece come under its umbrella, released on Wednesday its latest employment data.
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EconomyFeatures
Concerns raised about next year's pensions cuts Employees at Greece's main social security fund have raised the alarm regarding the extent to which pensions will be cut next year, when Greece is expected to trim its spending on retirees by 1 percent of GDP, or 1.8 billion euros.
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EconomyMacroeconomy
Marginal increase to 20.8 pct for Feb unemployment rate Greece’s seasonally adjusted (SA) unemployment rate in February was 20.8 percent, edging up slightly from the upward revised figure of 20.7 percent in January, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.