Greece

The average hourly labor cost in Greece in 2017 was €14.5 ($17.8), according to figures released by Eurostat, well below the EU average of €26.8. This was also less than the average for the eurozone (€30.3) but significantly higher than the...

In the last four years, the labor cost per hour in Greece dropped by 11.2 percent according to data Eurostat published on April 10. According to Eurostat, Greece is the only country in the Eurozone where the cost of the...

The Greek Federation of Employers, SEV, is asking for the reduction of labor costs as a negotiating point for talks with the unions and the government. On the other side, ESEE, the Confederation of Greek Merchants is asking for...

The financial crisis is indeed a source of problems, but sometimes employers cross the line just because the crisis supplies them with ample justification to do so. A very imaginative “solution” was found in Larissa where a witty employer...

The cost of labor was increased by 2.2 percent in Euro-area during the second quarter of 2018, according to data published by Eurostat. This didn’t happen due to higher wages but mainly because of the increase in taxation of labor. Across...

Greece’s borrowing costs have tumbled to a record low on Wednesday, reflecting hopes among foreign investors that the new government will be able to reinvigorate Greece’s reform program. The 10-year bond yield fell 2.6 percent on a daily basis on...

Greece not only interrupted but also reversed reforms in the first half of 2015, resulting in a cost to the economy between € 86 and 200 billion, head of the European Stability Mechanism Κlaus Regling told Kathimerini newspaper. The EU...

An exhibition of Chinese Opera Costumes was inaugurated on Thursday evening in the city of Elefsina, west of Athens, in a latest effort to enhance cultural relations between Greece and China. The opening ceremony was attended by the deputy Party...

The "proud negotiations" that Alexis Tsipras keeps talking about were completed on Thursday night with Greece agreeing to prolonged austerity measures and without getting what the prime minister has been promising Greek people ever since he set foot in...

The report of the Unified System of Control and Payment of Pensions "ILIOS" made public by the Labor Ministry shows that 1.2 million Greek pensioners live on less than 500 euros per month. The figures date from December 2016...

Wage costs in Greece's public sector increased in 2016, while at the same time private sector employee costs shrank, according to Eurostat. The European Union statistical authority figure show that in the fourth quarter of 2016, hourly labor costs to the...

This month Athens audiences will have the opportunity to experience a little of the glamour of Russia's Bolshoi Theatre and its legendary ballet, through the exhibition The Magical World of the Bolshoi Theatre that opens at the Athens Concert Hall...

Greece's creditors have proposed more flexibility and mobility regarding employment and suggested the Danish model for labor legislation. The proposals came to light after the conclusion of the first bailout program review. They are included in the latest Parliamentary Budget...

The Yanis Varoufakis period cost the Greek economy about 100 billion euros, said the President of the European Stability Mechanism, Klaus Regling on Wednesday. The euro zone rescue fund managing director gave an interview on Skai television during his visit...

Tourism in Greece is one of the most important and thriving sectors in the country's failing economic and social systems. The Greek National Tourism Organization (GNTO) announced it will collaborate with Yahoo and the Travel Channel in order to...