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  1. Budget primary deficit at 1.47 bln euros in Jan, revenue shortfall hits 812 mln
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    billion euros. Net revenues came to 3.85 billion euros, below target by 812 million euros... a deficit of 782 million euros for the month.

    100%

  2. Rise in overdue contributions slows to 310 mln in Q3, total at 16.9 bln

    EconomyMacroeconomy

    The rise in unpaid social security contributions (SSCs) slowed quarter on quarter (QoQ) to 310 million euros in Q3 of 2016, from 831 million in Q2. The outstanding amount reaching 16.92 billion, the quarterly bulletin of the single SSC collection centre (KEAO) displayed on Monday. The increase

    53%

  3. Budget primary confirmed at deficit of 1.47 bln in Jan as taxes dwindle
    Finance Ministry

    EconomyMacroeconomy

    . Net revenues came to 3.85 billion euros, below target by 812 million euros. The monthly primary... a deficit of 782 million euros for the month.

    48%

  4. Athens buoyed by content, mood of Mitsotakis trip to Washington
    Image: https://primeminister.gr/

    PoliticsForeign Policy

    the world's longest submarine power cable (310 kilometres (190 mi) from Israel to Cyprus and 898... Europe. Additionally, Mitsotakis has announced the appointment of Nikos Tsafos, a member of the Center

    43%

  5. Increase of 11 pct in minimum wage to have knock-on effect in economy
    Photo by MacroPolis

    Economy

    that the minimum wage in Greece will increase for the first time in a decade to 650 euros per month, from 586... percent. Given that the process of deciding the appropriate level for the minimum wage, i.e. one... wage rise during the crisis era and as part of the agreement for the second adjustment programme

    39%

  6. Data underlines Greece still has big wage gap to bridge
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    and purchasing power parity, the current administration has repeatedly pledged a rise of the average wage... authorities have realised that the rises in the minimum wage that started in 2019 under the previous... report, the Bank of Greece dedicated a section to wage developments in the country, comparing the wage

    34%

  7. Wage rises become top issue but trajectory lined with obstacles
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    in February 2012 when the minimum wage was brought down to 580 euros and the wage for Greeks under the age... - from 2026. A new process was also introduced for the setting of the minimum wage, with the state heavily involved in deciding the wage after consultations and proposals with the main employer

    30%

  8. Minimum wage increase set for end of January amid concerns about economic impact
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    Greece’s Labour Ministry is moving ahead with plans to increase the country’s minimum wage between... the governement it eyeing. In the interview, Achtsioglou said that the subminimum wage of 510 euros gross... the government’s plans, Achtsioglou had clarified that the new wage increase, which will directly

    27%

  9. PM goes big on minimum wage increase, but opposition unmoved
    Photo by MacroPolis

    PoliticsGreek Politics

    Prime Minister Kyriakos Mitsotakis has been pinning his hopes on a pre-Easter minimum wage rise.... The rise in the wage will cause a domino of increases to another 24 benefits tied to it, starting... of workers that are paid the minimum wage, rising from 19.7 pct in 2016 to 27.7 pct in 2020. The new

    27%

  10. Athens poised to unveil new minimum wage as post-MoU review continues
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    The government is preparing to announce a new minimum wage and the scrapping of the sub-minimum... as the minimum wage is set to increase and the youth minimum wage is about to get abolished. Greece... of boosting productivity and lowering non-wage costs. The Fund insists that Greece should remain focused

    26%