Greek hourly labour costs less than half of eurozone average
New figures from Eurostat have shown vast discrepancies between hourly labour costs across the European Union’s member states and the eurozone in general.
HCAP and Finance Ministry reveal five-year strategic plan for public assets
The Ministry of Finance (MoF) and the Hellenic Corporation of Assets and Participation (HCAP) have presented its five year plan for the so-called "super-fund" regarding the use of public assets between 2018-2022.
Working-class homes or millionaires' mansions - what's going under the hammer in property auctions?
On Wednesday 21 March, a familiar scene played out outside the offices of a notary in central Athens. A few dozen protesters organised by the anti-austerity “I Won’t Pay” movement and the political parties Popular Unity and Course for Freedom clashed with police as they tried to obstruct the scheduled auctions of foreclosed properties.
Self-employed paying less for social security contributions, Labour ministry reports
Data from the Labour Ministry has shown that a higher percentage of non-salaried workers will pay a minimum monthly social security contribution this year compared to last year, though the average amount payable has declined year-on-year.
Greek health care spending in the spotlight
The world of Greek politics is being consumed by a price-fixing scandal centred on the Swiss pharmaceutical company Novartis, and its alleged links to senior Greek politicians between 2006-2015.
Manufacturing wage cuts were turned into profit, GSEE study claims
A study by the General Confederation of Greek Workers (GSEE) has stated that lower wages during the crisis resulted in greater profit margins for companies rather than lowering prices.
Piraeus Port Authority lays out major development plans
Piraeus Port Authority (PPA) on Monday unveiled its ambitious 10-year investment plan, involving an estimated 500 million euros in investments.
Grand projects and even loftier ambitions drive Greece's energy project bonanza
Following a bleak few years, Greece’s energy sector is starting to show significant potential, with several major projects moving forward.
Business balance positive in 2017, small companies continue to dominate
Data from the General Commercial Register database (GEMI) has shown that in 2017, the balance of companies which joined the registry as opposed to those which left it was the highest since 2011.
Athens set to profit from falling borrowing costs as yields drop ahead of review completion
Greek borrowing costs have dropped significantly as the country nears the completion of what is meant to be its final adjustment programme.