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  1. Pension reform brings painful overhaul in social security contributions for self-employed

    Economy

    for supplementary, 6.95 percent for health and 4 percent for lump-sum. This brings the total SSC rate... the total tax and contributions burden well above 80 percent of their income. In an effort to appease... an upper limit on the sum of tax and contributions, thus alleviating the total burden on self-employed

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  2. Where things stand on the Greek pension reform proposals
    Photo by MacroPolis

    EconomyProgramme

    for a 3-year period by a total of 1.5 percentage points (pp), 1 pp for employers and 0.5 pp for employees... earnings of each employee for the total number of working years after applying a progressive replacement... with a total social security and tax burden above 80 percent of their income. A committee with experts

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  3. Labour Ministry 2015 data shows increase in employment, marginal drop in average wage

    Economy

    employing a total number of 1.67 million employees in 2015. Three quarters of firms were employing up... of the total employees are concentrated. The breakdown by business activity showed 18 percent of firms were... in the retail trade, 10.4 in catering and food services and 10.1 percent in wholesale trade. The total number

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  4. Gov't offers improved terms to farmers in bid to break deadlock

    Economy

    and medium agricultural producers so the total tax and social security contributions will be lower than... free threshold of 9,000 – 9,500 euros (from zero at the moment) will be applied to farmers’ total... from farming makes up at least 51 percent (from 35 percent currently) of total income will fall

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  5. Unresolved pensions issues complicate the fiscal front

    EconomyProgramme

    Center for Social Security Services (IDIKA) for July showed a total number of 2.66 million pensioners received a total monthly amount of 2.38 billion. Those pensioners received 4.56 million pensions... to surcharges and penalties. KEAO figures also showed that 12.4 billion or around 81 percent of total SSC

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  6. Deposit outflows for second straight month in February, at 548 mln

    EconomyMacroeconomy

    Greece entered a period of political and economic turbulence, total outflows have reached 43.5 billion euros. Total deposits - which also incorporate general government (gg) as well as euro and non-euro... sector, the total deposit flow in February incorporates non-euro area residents and gg inflows of 179

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  7. General government primary cash surplus triples to 3 bln by February, arrears climb to 6.1 bln

    EconomyMacroeconomy

    half of total gg arrears. Hospitals’ arrears are following suit at 1.09 billion accounting for 18 percent of total. In addition, tax refunds’ arrears stand at 658 million, state budget at 584 million... with bulk involving EFSF/ESM/IMF loans of 220 billion (68.5 percent of total). Bonds stand close to 60

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  8. A breakdown of the 5.4 bln in measures that form basis of agreement between Greece and creditors

    EconomyProgramme

    rates applied to the total income) will be replaced by a new progressive scale. Its rates will range..., and the contributory (variable) pension based on the contributions paid throughout the total number... to the elimination of the solidarity grant (EKAS), reduction in supplementary pensions for those whose total

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  9. Ministry's actuarial study shows the devastating impact of the crisis on the pension system

    Economy

    thereafter. At the same time, part time employment rose to 9.5 percent of total employed in 2015 from 5.5... of their total wealth. Following a series of pension cuts imposed in 2011 and 2012, the total pension

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  10. Eurogroup sets conditions for disbursements totalling 10.3 bln to take place

    EconomyProgramme

    of the total set of milestones will unlock the disbursement of 10.3 billion euros in two tranches.... The Greek Finance Ministry said that from the total disbursement amount one third (3.5 billion.... This means that the 6.8 billion, from total amount of 10.3 billion, that is earmarked for debt servicing

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