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  1. Manufacturing wage cuts were turned into profit, GSEE study claims
    Photo via Flickr https://flic.kr/p/3pyqsB

    EconomyFeatures

    A study by the General Confederation of Greek Workers (GSEE) has stated that lower wages during the crisis resulted in greater profit margins for companies rather than lowering prices. Wage..., leading to reduced competitiveness on the international markets. “Perhaps the time has come

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  2. New Democracy turns up heat on Tsipras and Kammenos
    Photo by Panayotis Tzmaros/Fosphotos

    PoliticsGreek Politics

    has entered a period of extreme polarisation. New Democracy hopes that it will be able to rally... of the support it has lost since 2015 by focussing on the idea of tackling the old political system

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  3. Net job hirings balance negative by 16,542 in January
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    of January has recorded a negative balance for every year since 2001, with the exception of 2014 when... percent) were voluntary. Full-time hirings represented 46.8 percent of the total. The balance has

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  4. Greek health care spending in the spotlight
    By Natasha Pandazopoulou/Fosphotos

    EconomyFeatures

    developed for physicians in line with international practice, and an electronic prescription system has been... that the economy itself has shrunk drastically over the same period. While Greece topped the tables

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  5. Self-employed paying less for social security contributions, Labour ministry reports
    Photo by MacroPolis

    EconomyFeatures

    Data from the Labour Ministry has shown that a higher percentage of non-salaried workers will pay... amount payable has declined year-on-year. The bulletin, which the ministry appears to have launched...-employed workers and reports of such workers deregistering from the status of “self-employed” en masse

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  6. Part-time work, low pay characterise crisis-era job market
    Photo by Panayotis Tzamaros/Fosphotos

    Society

    Research by the Centre of Athens Labour Unions (EKA) has shown that women and young workers were hardest hit by changes in Greece’s post-crisis job market. The research, titled “Living and working... they were in has no connection to their qualifications or what they had studied. Full insurance

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  7. Unemployment rate at 20.8 pct in Dec as employed rise by 107,687 in 2017
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    October 2011 where the total number of unemployed has stayed below the 1-million mark. The overall... month last year, the balance improved by 13,275. The report noted that the month of January has

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  8. Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
    Image via www.eurobank.gr

    EconomyBanking

    . The report notes that the figure for net profits has been calculated before discontinued operations.... The bond has a conditional pass through structure and is euro denominated. It carries a fixed

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  9. Eurosystem funding drops by 4.58 bln in January, banknotes in circulation fall
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    has been steadily falling with the latest reduction coming on March 8, when the ECB announced... collateral, along with improved market access. Eurosystem funding to Greek banks has declined

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  10. Wages index improves by 0.2 pct in Q4, up by 2 pct YoY
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    for the year. From a recent high of 91 in Q3 2016, the index has fallen by 0.5 percent. The record high... peak, the index has declined by a quarter on the back of the negative impact stemming from

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