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Budget primary deficit at 1.47 bln euros in Jan, revenue shortfall hits 812 mln

Mon, 15 Feb 2021 12:44:00 GMT

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.

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

Tue, 25 Oct 2016 07:39:00 GMT

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

Budget primary confirmed at deficit of 1.47 bln in Jan as taxes dwindle

Fri, 26 Feb 2021 10:37:00 GMT

. 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.

Athens buoyed by content, mood of Mitsotakis trip to Washington

Thu, 19 May 2022 08:27:00 GMT

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

Increase of 11 pct in minimum wage to have knock-on effect in economy

Tue, 29 Jan 2019 08:41:00 GMT

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

Data underlines Greece still has big wage gap to bridge

Thu, 03 Oct 2024 09:37:00 GMT

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

Wage rises become top issue but trajectory lined with obstacles

Mon, 19 Jun 2023 04:59:00 GMT

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

Minimum wage increase set for end of January amid concerns about economic impact

Wed, 23 Jan 2019 08:45:00 GMT

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

PM goes big on minimum wage increase, but opposition unmoved

Thu, 21 Apr 2022 09:28:00 GMT

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

Athens poised to unveil new minimum wage as post-MoU review continues

Mon, 28 Jan 2019 08:00:00 GMT

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