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  1. Mitsotakis names extensive cabinet with dose of renewal

    PoliticsGreek Politics

    of responsibilities, which includes changes to the competencies of some ministries, rather than... – State Minister Akis Skertsos, who is also Mitsotakis’s chief of staff, and Culture Minister Lina..., naming three state ministers - Akis Skertsos, Stavros Papastavrou and Makis Voridis – and two

    11%

  2. Budget execution to Aug shows 3.8 bln primary surplus, 2.8 bln better than target
    Photo by MacroPolis

    EconomyMacroeconomy

    expenditure coming in 2 billion lower than target, while revenues beat target by 640 million. The monthly... to 1.04 billion euros, 2.84 billion better than target. Revenues Revenues (before tax refunds) rose... billion euros, 640 million higher than the reported target (including the first ENFIA instalment

    10%

  3. Greece cheaper than average for majority of categories except food, most expensive for communications
    Photo by Panayotis Tzamaros/Fosphotos

    Society

    as postal services and the internet. The country came in 57.6 percent higher than the EU average... prices were 5.2 percent higher than the EU average, ahead of Germany and the Netherlands. In other areas, Greece emerged with lower than average prices. Housing costs and prices in Greece came

    10%

  4. Three in 10 workers in part-time jobs, earning less than 400 euros
    Photo by Panayotis Tzamaros/Fosphotos

    Society

    percent did not make more than 23.48 per day. Men were more likely than women to be in full-time... in full-time work, the average daily salary was 15.1 percent higher than that for women (52.69 euros... and 23.09 for women.The same was also true for part-time work. Although women were more likely than

    10%

  5. Labour database shows 8 in 10 workers earn less than 1,200 per month
    Photo by MacroPolis

    Economy

    . According to Ergani Greek companies are dominated by small firms as more than 88 pct employ less than 10 workers, some 262,634 companies out of a total of 298,255. Around 10 pct employ between 11 and 50. This leads to a total dominance of SMEs in the Greek economy, with more than 98 pct

    10%

  6. Wealth inequality in Greece has grown at faster rate than eurozone peers during crisis
    Photo by MacroPolis

    Society

    The economic crisis has increased wealth inequality in Greece at a much faster pace than in other... increase than the two other countries, Italy and Spain, Credit Suisse considers to have experienced... from 52 to 55.6 percent, which means that in both cases the current total is also lower than

    10%

  7. Six in 10 Greeks earn less than average salary of €1,022 in private sector

    Society

    and grosses less than the average salary in the private sector. These are the general characteristics... than 1,022 euros a month, the average salary in the private sector, according to separate data from the country’s largest insurance fund IKA-ETAM. In 2013, the number of employees earning less than

    10%

  8. More than half of Greek households rely mainly on pensions

    Society

    households in 2015. Last year’s figure was slightly lower than the record 52 percent recorded in 2014 but almost ten percentage points higher than the 2012 share of 42.3 percent. Of those households... at less than 10,000 euros. The outlook for 2016 remains similarly negative, with seven in ten Greek

    10%

  9. Q1 GDP contracts 0.5 pct QoQ and 1.4 pct YoY, slightly worse than flash estimates
    Photo by MacroPolis

    EconomyMacroeconomy

    . The headline figure is slightly worse than the 0.4 percent QoQ contraction in the flash estimates released... in Q4 2015. Today’s figure for Q1 is slightly higher than the -1.3 percent released in flash estimates... reflects a nosedive in disposable income by more than 30 percent. This is attributed to a sharp rise

    10%

  10. Greek teens less likely to smoke, get drunk than European peers but gamble more
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Society

    drink, and are the most likely to have gambled for money than their peers in Europe. These are some... percent of them more than once, compared to an average of 23 and five percent, respectively. As was the case in Denmark and the Czech Republic, more than 90 percent of teenagers in Greece reported easy

    10%