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Pensions
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More than half of Greek households rely mainly on pensions
SocietyThe main source of income for just over half of Greek households is still a pension, while just over 37 percent mainly rely on wages, the annual survey on income and household expenditure from the country’s largest small- and medium business association has found.
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Amid protests, coalition ponders tweaks to pension plan
EconomyProgrammeThe mounting protest action from farmers and the self-employed have confirmed the belief that pension reform would be the most complicated issue in the agenda for the first programme review agenda.
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S&P upgrades Greece’s rating by one notch, sees compromise on pension reform by March
EconomyIn an unexpected move, S&P upgraded Greece’s rating by one notch to ‘B-‘ from ‘CCC+’ on reform progress with a stable outlook.
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Declared income falls 28.7 pct from 2011 to 2014, salaries and pensions suffer most
EconomyA total number of 8.52 million individuals declared annual net income of 73.93 billion euros in 2014, according to Finance Ministry (MoF) data reported in the local media.
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Where things stand on the Greek pension reform proposals
EconomyProgrammeThe submission of the government’s pension reform plan to the institutions on January 4 marked the start of the effort to settle perhaps the toughest issue in the first programme review.
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Pension reform brings painful overhaul in social security contributions for self-employed
EconomyOne of the issues that emerged from the government’s draft plan on pension reform submitted to the institutions on January 4 relates to new method for calculating social security contributions for the self-employed.
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Suspension of Eldorado's mine work deals blow to coalition's investment drive
EconomyThe Canadian-based Eldorado Gold announced on Monday it is currently unable to complete development plans for its mining projects in Halkidiki (northern Greece) primarily as a result of the Ministry of Energy and Environment delaying the issuance of the required permits and licenses for more than three years.
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The pension and revenue interventions Greece has to make to meet its 2016 fiscal target
EconomyProgrammeGreece has to achieve a primary surplus target of 0.5 percent of GDP in 2016, according to the agreement reached with institutions last summer.
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Gov't hits back as pension reform row heats up
EconomyProgrammeThe government has hit back in the public relations battle over its proposed pension reforms by trying to rebut criticism from New Democracy point-by-point.
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Gov't submits reform plan that raises contributions and cuts future pensions
EconomyProgrammeThe government disclosed on Monday afternoon its final proposal for a unified social security system, which was sent to the institutions ahead of the first programme review later this month.