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  1. Greece sees highest tax wedge increase among OECD countries in 2016
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    worker. The evolution of the tax wedge for a single worker in Greece since 2000 shows it has edged up by 1.1 pp until 2016, while the respective OECD average has dropped by 1 pp over this period. It is noted though that the Greek figure peaked at 43.2 percent in 2011. It has declined by 3 pp since

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  2. Disposable income rises slightly in Q4 for first time since Q3 2014
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    security contributions. Over the last seven years, disposable income has been slashed by 36.6 percent... and landed at 15.75 billion. Since 2009, compensation of employees has recorded a nosedive of 32.8... quarter and stood at 14.61 billion in Q4. This item has declined by 27.5 percent over the last seven years

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  3. Ankara directs ire at Athens over ruling on soldiers as Cyprus talks drift
    Photo by Andrea Bonetti/Fosphotos

    PoliticsForeign Policy

    request for the men, which it has branded traitors, in January after Greece's top court ruled... activity in the Cypriot EEZ has coincided with reports in the Turkish Cypriot press according to which... further pressure on the Cyprus Republic ahead of hydrocarbon exploration in July. UN role There has been

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  4. Economic sentiment down 1.7 pts in May, consumer confidence up for second straight month
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    and stood at -69.7, its highest reading since January. However, consumer confidence has dropped by 5.3... is the lowest reading since May 2016. Since the beginning of the year, this indicator has declined by 4.7.... Over the last 12 months, the biggest improvement of 22.9 points has been recorded by the services

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  5. Greek and Turkish PMs tone things down, look to new Cyprus talks
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsForeign Policy

    of communication open to prevent the escalation of tension. Yildirim has said that violations are being carried... soldiers who fled to Greece but whose extradition to Turkey has been blocked (much to Ankara’s frustration... and that no decision has been taken yet on their political asylum applications. Yildirim phrased his

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  6. Conference on Cyprus: foot-dragging towards a dead end
    Photo by Panayotis Tzamaros/Fosphotos

    Agora

    Anyone even remotely interested in the Cyprus issue has, by now, become an expert on the geography... has explained. Given that more than 75 percent of the privately owned land in northern Cyprus.... This is true. One has also to take into account, however, that the two communities have failed

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  7. Cyprus talks fail to deliver result, leave concerns about future ties
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsForeign Policy

    could hint at a “Plan B” that many fear Ankara has already prepared in case the Cyprus talks ended... and viable solution that could allow Cyprus to exist as a normal state without guarantees. He has also... an interest in a Cyprus solution but President Donald Trump has also promised to cut the US share of UN

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  8. Samsung buys out Innoetics in latest boost for Greek tech sector
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    South Korean technology giant Samsung has bought out Innoetics, a small Greek tech firm which... startup success story. Innoetics was bought up with 100 percent ownership by Samsung at a sum that has.... According to the head and former CEO, Emilios Halamandaris, the company has ceased its commercial

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  9. Collapse of Cyprus talks, "Justice March" raise risk of offshore drilling standoff
    Photo by Fosphotos

    Agora

    The collapse on 7 July of the latest UN-sponsored talks to resolve the Cyprus issue has increased... of the Cypriot EEZ on 12 July. Drilling is expected to last for two to three months. Turkey has repeatedly... to negotiations in the foreseeable future. The collapse of the Cyprus talks has increased the risk

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  10. Bond success questioned as coalition looks to build on trial issue
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    After Tuesday’s trial bond issue, the government has set its sights on tapping the markets at least... administration to claim that it has moved the country forward and is now well poised to take it out... was higher now than it was in 2014 as Greece’s five-year bond yield has only fallen by 0.325

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