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New pension system, lower primary surpluses among govt targets for 2020
PoliticsGreek Politicsthat the pension bill will be accompanied by actuarial studies that will confirm its sustainability until 2070... 2.7 bln euros of IMF loans ahead of schedule this year, a move that the government saw as a key part... will apply from January 1, are seen by the government as ways of securing or winning over the support
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EU funds seen as cushioning Covid-19 impact, giving govt fiscal space
PoliticsGreek Politicsuntil October 15 and it will allow employers to reduce contract hours by 50 pct. The state... advice as a continuation of the formula that saw Greece deal effectively with the coronavirus... of the funds available from the EU. The panel is headed by Nobel Prize-winning economist Christopher
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Running the wrong way: Rama's spat with the EU over vaccination underlines growing frustration
Agora. In the same month, Albania saw medical equipment blocked at the border with Greece under the same EU...-in-office and Albania’s Chief Diplomat until a month ago to be subtle and tactful with his criticism... not to bite on the hand that “feeds” their people, invest in their future and build their schools. Winning
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Insurgent campaign from Kasselakis puts shock SYRIZA leadership win in touching distance
PoliticsGreek Politicsfollowing Greece’s civil war and during the military dictatorship. Some SYRIZA officials saw this not only... elections. Kasselakis, though, would have to wait until the next national elections, due in 2027 before... to the point that he now stands a good chance of winning the party leadership on Sunday – a prospect
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Newsletter 394 - 22/09/2023
Greece’s civil war and during the military dictatorship. Some SYRIZA officials saw this not only... earmarked until the end of the year, partly in response to Storm Daniel. There has been extensive... entrepreneur Kasselakis sprung a major surprise by winning the first round on Sunday. Achtsiouglou had
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April saw first rise in Greek banks' Eurosystem funding this year
EconomyMacroeconomyGreek banks’ Eurosystem funding increased by 1.27 billion in April, showing a monthly rise for the first time since December 2013, according to the Bank of Greece's (BoG) monthly financial statement. The headline figure stood at 61.96 billion at the end...
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Most Greeks saw income fall over last year, limiting purchasing power
SocietyThe results of a survey by the Labour Institute (INE) of the General Confederation of Greek Workers (GSEE), which was published on July 17, highlighted how salary earners’ purchasing power has been limited. The survey, conducted in cooperation with Alco...
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Increase in number of services that saw their turnover decrease in Q2
EconomyMacroeconomyThe evolution of turnover indices for the services sector showed a worsening performance in Q2 2014, with 10 out of the 14 types of services, or specific activities of services as they are referred to, posting a negative growth, according to the Helleni...
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Almost all services in Greece saw decline in Q3
EconomyMacroeconomyThe evolution of the turnover indices for the services sector showed a further worsening in the third quarter (Q3) of 2014 with 12 out of the 14 service activities recording a drop, according to the Hellenic Statistical Authority (ELSTAT). In the preced...
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Tsipras has until Sunday to keep Greece in euro, must pass measures immediately
PoliticsGreek PoliticsGreece's European lenders told Prime Minister Alexis Tsipras on Tuesday that he has just a few days left to keep his country in the eurozone. At the end of a day that included a Eurogroup and euro area summit, European Council President Donald Tusk and ...
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