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Labour database shows 8 in 10 workers earn less than 1,200 per month
EconomyThe annual edition of data from Ergani, the Labour Ministry’s database, gives a good snapshot of Greek entrepreneurship and economic activity as well as details about the earning capacity of workers. According to Ergani Greek companies are dominated by ...
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Greece to pay IMF but concluding negotiations will be a tougher task
PoliticsGreek PoliticsThere were no surprises from Greek Finance Minister Yanis Varoufakis’s meeting with International Monetary Fund managing director Christine Lagarde in Washington on Sunday but the government in Athens still faces a challenging few days ahead. Lagarde co...
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Greeks graduating after 2011 encountered limited opportunities, low pay
SocietyA report by the Foundation for Economic and Industrial Research (IOBE) has revealed that graduates in Greece after 2011 were twice as likely to be unemployed as graduates in the overall working-age population, and that the majority of them earned salari...
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Tsipras eyes review conclusion, insists SYRIZA patience will pay off
PoliticsGreek PoliticsPrime Minister Alexis Tsipras assured SYRIZA’s political secretariat on Monday that the government will manage to wrap up the third review on time and that better days are on the way for his party. Speaking to SYRIZA officials after the departure of the...
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Alpha Bank turns profitable in Q1 as last year's clean-up efforts pay off
EconomyBankingAlpha Bank reported a net profit of 125 million euros in Q1 2022, compared to a loss of 282 million euros in the same quarter of 2021. In the last quarter of 2021, the net loss was 408.1 million euros, mostly on the back of 551.8 million euros of impair...
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Greece: After a deal, work on a solution
Agorato implement. The crucial deadline is now June 30th, when Greece promises to pay €1.6 billion... economy. Source: Eurostat, Haver Notes: Q1 2000 = 100. Unit labour costs measure labour costs per unit... capital that could be wasted on another pension reform – with 45 per cent of pensioners already below
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Greece's public healthcare in a muddled and troubled state
EconomyFeaturesfor the local population and NGOs. MSF recently reported that they pay 60 euros per pneumonia vaccine in Greek pharmacies compared to the lowest global price of the vaccine which is around 2.80 euros per dose... physicians per capita in Greece. Statistics to 2014 from the OECD show that in 2010, there were
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In latest review of loan quality, BoG says capital ratios to remain high after targeted NPE reduction
EconomyBankingmarginally increased to 45.2 percent. The qualitative characteristics revealed ‘unlikely to pay... expenses) by 8 percent per annum from mid-2016 until the end of 2019 and a cost of risk (provisions over... per annum and an average cost of risk (CoR) of 1.3 percent. Under this scenario, CET1 ratio is seen
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Going for Growth: What next for Greece's economy and banks?
Agoradollars and the GDP per capita was 28,900 dollars[3]. In Q4 2018, those figures stood at 218 billion.... Firstly, Greek shipping firms pay no direct tax to the public purse. Secondly, despite the largest... then. In fact, Deutsch’s share price was 112 euros per share in May 2007, at the end of February those
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Greece worst in EU for gender equality as power resides overwhelmingly with men
Societyin the domain of money, the report found that women earn 15 percent less than men per month. In couples... no children. The report found that women in Greece earn on average 87 cents for every euro a man makes per hour, resulting in a gender pay gap of 13 percent. The gender pension gap is 25 percent. In the domain
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