Economy
Pension reform brings painful overhaul in social security contributions for self-employed
One of the issues that emerged from the government’s draft plan on pension reform submitted to the institutions on January 4 relates to new method for calculating social security contributions for the self-employed.
Greek stocks down by 4.7 pct over week
The Greek stock market shed 4.7 percent this week on slightly lighter volumes but amid continued weakness in the global markets.
2015 primary surplus exceeds target as revenues outperform and expenditure is reined in
Greece’s budget primary balance reached 2.27 billion in 2015 up by 21.1 percent from the 2014 figure of 1.87 billion, the Finance Ministry (MoF) preliminary budget bulletin showed on Friday afternoon.
Receipts from taxes and social contributions rise to 39 pct in 2014, near EU average
Total receipts from taxes and social security contributions in Greece improved to 39 percent of GDP in 2014 from 38.3 percent in 2013, Eurostat figures showed on Friday.
Drop in building activity accelerates to 11.3 pct in Oct
Greek building permits dropped for the fourth successive month at an accelerating pace of 11.3 percent in October from 3.5 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Deflation drops to 0.2 pct in Dec, at 1.7 pct for 2015
The drop in the Greek Consumer Price Index (CPI) decelerated further to 0.2 percent in December from 0.7 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Greek labour market recorded in 2015 second highest net hirings since 2001
Net hirings stood at 7,826 in December, which is the second positive reading for this month since 2001, the Labour Ministry’s information system (Ergani) showed on Tuesday.
Car sales grow by 7 pct in Dec and by 13.5 pct overall in 2015
The number of road motor vehicles going into circulation for the first time continued heading north in December, rising by 7 percent compared to the 15.2 percent growth posted in November, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Suspension of Eldorado's mine work deals blow to coalition's investment drive
The Canadian-based Eldorado Gold announced on Monday it is currently unable to complete development plans for its mining projects in Halkidiki (northern Greece) primarily as a result of the Ministry of Energy and Environment delaying the issuance of the required permits and licenses for more than three years.
The pension and revenue interventions Greece has to make to meet its 2016 fiscal target
Greece has to achieve a primary surplus target of 0.5 percent of GDP in 2016, according to the agreement reached with institutions last summer.