Tag Archives: unemployment

The proportion of long-time unemployed in Greece is particularly high. According to data published by the Greek Statistics Authority (ELSTAT), 72.2% of the Greek unemployed have been looking for more than 12 months for a work without success. But also without any allowance given by the state or any support …

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In the years of the crisis, Greeks have turned into entrepreneurs by necessity – if not by desperation. Lack of job opportunities sends more and more unemployed Greeks into “micro-entrepreneuship” of high risk and uncertain outcome for the sole purpose of survival. Wanting to ensure a minimum income and given …

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Unemployment in Greece fell down to 23.3% in April – a rate we have not seen for quite long time. According to Greek Statistics authority (ELSTAT) the number of unemployed is 1,115,443 people. Compared to April 2015, the number of people who found a job was 90,995. 23.3% April 2016 …

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The government is gearing its efforts towards achieving fair economic growth that will create long-lasting and decent jobs, Prime Minister Alexis Tsipras said on Thursday evening, as he introduced the government’s plan “Greece 2021: Fair growth, productive reconstruction”, at an event at the Acropolis Museum. “The main focus now is …

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It is not a secret that over-taxation is killing the Greek economy and individual businesses, even those in the early stage of their establishment. Based on my recent informal asking around small business owners aged 32 – 63, they all said in one voice: “Do not start a business in …

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European Economy Forecast – Spring 2016. things looks better for Greece with recession at 0.3% and not 0.7% as predicted by the country’s lenders. In general, the EU forecast for Greece expects “Growth to return in the second half of the year.” The Economy more resilient than expected in 2015. …

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Unemployment in Greece fell but it is still high, the highest within the European Union. Fro December 2015, Unemployment was not anymore 25% as in the last three years but at 24%. So, it is not 1:4 Greeks are unemployed but just 1:3.99999999…. Greeks. By the way, I do not …

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Only ten percent of Greece’s unemployed receives the unemployment allowance of 360 euro per month. According to Greek Employment Agency (OAED) governor Maria Karamesini, there are currently 1,050,000 registered as ‘unemployed’ and only 10% of them – that is 100,000 people – receive the small aid. Unemployment allowance is given …

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Greece comes second on world’s list with highest unemployment rates. In the sixth year of austerity program, unemployment may have fallen below 25% but it is still high with one in four Greeks being without work. According to Forbes, the debt-ridden country is followed by Spain, another country of the …

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Greece’s four main banks will have to reduce their employees by a total of 4,350 and shut down about 180 branches up to the end of 2017. These new reduction demands result from the derailing of the Greek economy generated by the prolonged uncertainty during 2015 which brought the country …

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The independent investigator from the United Nations Human Rights Office of the High Commissioner concluded his mission on the effects of the foreign debt crisis, the creditors’ adjustment program and the impact on economic, social and cultural Human rights. In the UNHR website, Juan Pablo Bohoslavsky posted his preliminary report …

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Greeks in frenzy for a job at a public hospital. A total of 690 vacancies have been opened for nurses, paramedical professions and administrative staff and thus for graduates of secondary education or vocational schools IEK. And Greeks are storming the electronic applications system to grab one of the very …

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Greeks continue to ‘invest’ in education and ‘produce’ qualified jobless despite the high unemployment among the youth and the highly skilled labor craft. According to OECD’s latest report “Education at Glance 2015” Greece has the highest rate in higher education. The Organization for Economic Cooperation and Development found in its …

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The “Silly Season” is over. Time for hard work, hard news and figures. Greece’s government is challenged to meet its obligations towards the country’s lenders, successfully pass the first review and receive 2 billion euro as first tranche of 3. bailout program. After the Eurogroup approved the 48 Prior Actions …

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Success! Greece’s unemployment rate fell to 24.6% in the second quarter of 2015. Second quarter is April, May, June when traditionally the tourism industry gets boosted. What is odd is that the monthly statistics of unemployment were not that low and therefore one could raise the question: If unemployment was …

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Nice. Unemployment rate dropped from 25.6% April to 25% in May 2015. However, this positive development did not hinder Greece from holding the top position in unemployment among the European Union and the Eurozone countries. With 25% in general unemployment and 51.8% among the youth, Greece leads the list of …

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The Organization for Economic Cooperation and Development cut its global growth forecast, saying investment is lagging and risks including a possible Greek default are hurting confidence. In its semi-annual report the OECD says  that “the world economy will expand 3.1 percent this year, down from the 3.7 percent predicted last …

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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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Don’t ever mess with the Greek bureaucracy, especially when it comes to ask from the state something that you have the right to receive as a citizen. Health care? Benefits? Allowances? Tax return? You find yourself running from department to department,  from different floors to different buildings in different suburbs …

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European Commission spokesman Margaritis Schinas said Thursday that the European Commission was “not satisfied with the progress of reforms talks between Greece and its creditors.” “Work needs to intensify” Schinas said hinting to the next eurogroup meeting on April 24th and added that “This sequence of events…has not yet materialized, …

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