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Greece

Greece to Lower Taxes and Social Security Contributions for Some

Greek Prime Minister Kyriakos Mitsotakis announced on April 22 five measures to lower taxes and social security contributions for the country, effectively a reversal of tax hikes imposed by the previous government. They are aimed at individual entrepreneurs, legal entities, businesses,...

Athens Braces for Transport Strike as Unions Protest Social Security Reforms

Buses, trolleys, trams and metro transportation will be out of operation in Athens on February 18, as employees will be taking part in the 24-hour strike against the new social security bill expected to be brought before Parliament on...

Social Security Debt Grows by 827 Million in Second Quarter

Arrears to social security funds increased by 827,180,068 euros in the second quarter of the year according to a report Friday by the Center for the Collection of Social Security Arrears (KEAO). More specifically, 533.7 million euros of this spike...

The Establishment of the Social Security Institution in Greece

The Social Security Institution (IKA) was established by law in June 8, 1932 as a socio-economic necessity at a time when Greek society was oscillating by an unstable political situation and the aftermath of hundreds of thousands of refugees...

Labor and Social Security Ministry Announces Cuts to New Retirees' Pensions

Greeks who have retired after May 13, 2016 are facing cuts to their pensions, a new circular issued by the Labor and Social Security Ministry on Thursday. There are some 55,000-60,000 newly retired Greeks that will see cuts averaging 15-20...

Greek Social Security System on the Decline

The drop in the average Greek salary has resulted in the rise of flexible forms of employment, both factors that have crippled the sustainability of the country's security system. Despite the numerous interventions in terms of pensions, social security experts...

Unionists Protest Social Security Fund Changes by Blocking EFKA Entrance

On Tuesday morning unionist gathered at the new EFKA social security fund in downtown Athens and blocked the entrance in protest to the new reforms which have merged the majority of Greece's social security funds under one umbrella. "We want to...

Self-Employed Greeks Closing Their Books Due to Social Security Tax Reforms

Tax offices have reported that the self-employed of Greece have opted to close their books or transform their companies in order to avoid the new taxes that they will have to endure under the new social security system. Previously, these...

Farmers Meet With Minister to Challenge Changes in their Social Security, Taxation

Representatives of farmers from around Greece asked the Minister of Agriculture Development Vangelis Apostolou on Wednesday to take responsibility for the changes in their social security and taxation, during a meeting which they described as “crucial” for determining their...

Farmers Protesting Tax Increase and Cuts to Social Security Close Greek-FYROM Border

The customs office at Evzones, near Greece’s border with FYROM, was blocked by farmers and from the municipality of Peonia on Saturday, who are protesting about the increase in taxation and changes in their social security fees. Speaking to Athens-Macedonian...

Dijsselbloem's Spokesman Clarifies That 'Social Security Measures' Concern Minimum Guaranteed Income

Michel Reijns, spokesman of Eurogroup's chief Jeroen Dijsselbloem, made clear on Wednesday that the statement regarding "social security measures" does not concern pension reforms, but the minimum guaranteed income. Dijsselbloem had informed the Dutch lawmakers on Tuesday that measures concerning...

Social Security Fund for Self-Employed (OAEE) Requests Help to Pay Pensioners

  OAEE, the social security fund for self-employed workers is asking for financial assistant from the Social Security Capital for the Solidarity of Generations (AKAGE) in paying its pensions. Reportedly, this week the OAEE board submitted a request to AKAGE in...

Greece's Social Security Foundation (IKA) Seeks Help to Pay Pensions

Greece's Social Security Foundation (IKA) on Thursday is expected to seek approval for additional funding in order to pay pensions. The fund's reserves show a growing deficit, despite the fact that its revenues show an upward turn in the summer...

Man Attempts Suicide at Social Security Office in Lamia

According to local media, on Tuesday, a 65-year-old man reportedly tried committing suicide by slashing his wrists with a pocket knife at a local branch of the OAEE social security fund for self-employed professionals. The event took place in Lamia,...