Tag Archives: private sector

Deposits placed by the private sector decreased by 591 million euros in November 2022, compared with a decrease of 550 million in the previous month and the annual growth rate decreased to 4.5% from 5.9% in the previous month, the Bank of Greece said on Thursday. The central bank, in …

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Greece’s umbrella unions of the public and private sector ADEDY and GSEE have called for a 24-hour general strike on Wednesday, November 9, 2022. Purpose of the general mobilization is to protest the rising prices in all sectors of life in the country. The unions participating in the strike accuse …

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Diagnostic centers, laboratories, polyclinics and clinical laboratory doctors have launched a three-day strike across Greece. The strike will leave patients insured at the National Health Care Organization (EOPY) without diagnostic tests and screening in private health sector, while public hospitals are “eternally” overwhelmed. The three-day  strike extends from Monday, July …

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Normalcy will partly return to Attica and Crete tomorrow Thursday, 27. January 2022, after two days of “obligatory holiday” due to snow weather Elpis. According to an announcement by the government spokesman the instructions about the operation of the public and private sector as well as the retail and schools …

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Greece’s  Civil Protection announced emergency measures for Attica late on Thursday due to bad weather front Ballos that is forecast to strike again from the early morning Friday, October 15, 2021. Measures have been announced also for regions forecast to be hit Ballos, too. The measures were decided during an …

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Prime Minister Kyriakos Mitsotakis announced on Thursday five measures to lower taxes and social security contributions for workers and businesses. The package of reductions is worth 2.5 billion euros. He said the measures will allow companies that sustained losses during the pandemic to return to profitability and will also pump …

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Greece is setting maximum prices for Covid-19 tests, molecular PCR and Rapid Test carried out at private health facilities, authorities announced on Friday. The price cap will be set by the Ministry of Development and with a legislative amendment to be tabled to Parliament soon. Speaking at the live briefing …

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32.8% of employees in Greece could work from home, a report by the Centre of Planning & Economic Research (KEPE) said on Monday.The report uses data from 2019 and makes use of the occasion of the lockdown experience due to the coronavirus outbreak. According to the report, 1,263,000 workers in …

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Nine in ten employees in the private sector in Greece faced worsening labor conditions in the years of the debt crisis, according to a survey carried out for the General Confederation of Greek Workers (GSEE) on the occasion of the 100th-year anniversary of its founding. The 90 percent of respondents …

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Private sector deposits in Greece’s banks increased by 841 million euros in July, Bank of Greece said on Tuesday. Deposits stood at 130.2 billion euros in July when they were 129.4 billion the previous month. In July 2018, the annual growth rate of total credit extended to the economy stood …

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Private sector bank deposits increased for a third consecutive month in July 2017, according to the Bank of Greece (BoG), with the total reaching 121.25 billion euros during that month, nearly a billion euros above the figure for the previous month of May 2017. “Nevertheless, deposits in the still bailout-dependent …

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High unemployment in austerity-stricken Greece dumps salaries and wages. Employers want to spend as less as possible on salaries, employees are forced to compromises unthinkable before the crisis. A job at any price. Not matter how low the price. Greece’s private sector employers shamelessly ignore labor laws and offer a …

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Greece will need to pay 1.6billion euro from its own pockets in order to be able to receive 800 million euros from the bailout trance. The Pending 8.5-billion-euro loan tranche approved by the Eurogroup on June 15, will be disbursed in two installments, European Stability Mechanism (ESM) Managing Director Klaus …

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Real unemployment in Greece is at 30% and the salary gap between the private and the public sector is growing. These are some of the findings of the annual report 2016 conducted bu the Labor Institute of the Confederation of Greek Private Sector Unions (INE-GSEE) about the state of laborers …

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When it comes to escape the nightmare of unemployment, one may grab all possible and impossible opportunities and even accept jobs with wages that let you come home with a loaf of bread, two tomatoes and a tiny piece of cheese. The data released by the Labor Ministry are shocking: …

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45% of Greece’s pensioners live below the poverty line. They receive monthly pensions below 665 euro gross. The data has been released by the Greek Pensioner’s Network and shows the dramatic situation in which 1.2million pensioners experience after the repetitive cuts and hikes for health contributions. Unions stress that 13.7% …

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Hundreds of pensioners gathered on Tuesday morning outside the Labor Ministry in Athens to protest the new cuts in their pensions. It is the second cut in supplementary pensions this year. As it was implemented retroactive, many pensioners were shocked in the first days of September see even more than …

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There is certainly something wrong in the Greek pension system as it divides the people in two social classes: the class of civil servants and the class of private sector workers. There is a lot of talk and scenarios about the future plans of the pensions reform as they are …

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All signs show in one direction: pensions cuts. But whether the cuts will affect only pensions above €1,000 or go deeper and affect pensions of €800 is not clear yet. Fact is that the Draft Budget 2016 has a “hole” of €741 million that has to be filled. And the …

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Here we are: competitive and eager to work for investors bringing development and growth. Here we are: Greeks eager to work for no money or for the prospect of being paid some time in the future – near or far, it doesn’t matter. Main thing we have an occupation to …

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