MacroPolis

One unicorn does not a Silicon Valley make: positive news on startup front also highlights limitations

By: Georgiou Nakou

Record investments in Greek startups and a number of headline-grabbing exits – including Greece’s first “unicorn” – have generated a lot of interest in the space which the government views as a national success story. A closer look at the numbers reveals positive trends over recent years, however it also highlights the need for some perspective around a subject that is often susceptible to hype.

Employment data for 2021 shows 88.3 pct of firms have up to 10 staff, 1 in 5 workers earns below 500 euros

A special publication by the Labour Ministry based on data from the Ergani database presents the latest digest of the Greek labour market and a profile of Greek entrepreneurship.

Employment balance negative by 25,804 in Jan as pandemic support is wound down

Greece’s employment balance stayed negative in January as departures outpaced hires by 25,804, according to data from the Labour Ministry’s Ergani information system.

Traditional sectors carry burden of job creation as unemployment levels fall

Having weathered the pandemic over the last two years, Greece’s labour market remains on the recovery path it has been following since July 2013, when monthly unemployment rate peaked at 28 pct and 1.36 million Greeks were out of employment.

Despite job losses in Q4 2021, year closes with positive hirings balance

Greece’s employment balance remained negative in December as departures outpaced hires by 2,598, according to data from the Labour Ministry’s Ergani information system.

End of freeze on layoffs coincides with worst ever hirings balance in Nov

Greece’s employment balance remained deep in the red in November with 79,129 more departures than hires, from negative 70,048 in October, according to data from the Labour Ministry’s Ergani information system.

Employment balance turns negative by 70,048 in Oct as tourism season ends

Greece’s employment balance in October turned negative with 70,048 more departures than hirings, from a positive balance by 19,727 in September, according to data from the Labour Ministry’s Ergani information system.

August sees first negative hirings balance of year

Greece’s employment balance in August turned negative as there were 9,875 more departures than hirings, from a positive balance of 24,395 in July, according to data from the Labour Ministry’s Ergani information system.

Food delivery boycott prompts SYRIZA to argue against labour deregulation

Opposition leader Alexis Tsipras has seized upon the recent controversy surrounding a popular food delivery platform to highlight what he sees as opportunities for abusive workplace practices offered by the government’s recently enacted labour law.

Employment balance positive by 24,395 in July on tourism hires

The employment balance was positive with 24,395 more hirings than people leaving their jobs in July, data from the Labour Ministry’s Ergani information system showed.