Greece

With more than a third of households unable to pay their utility bills on time, Greece has the unenviable distinction of topping all EU countries in the largest number of people unable to do so, according to data compiled...

Cypriot households and businesses continue to be highly indebted despite the decline in debt levels, according to a report released on Tuesday by the Central Bank of Cyprus. According to the report, the debt of the non-financial private sector reached...

Greece has reportedly the lowest savings rate among the 28 EU countries, as households and businesses 'bend' at the expense of wage cuts, excessive taxes and the burdens of a nation that is inefficient in critical areas such as...

Greek households continue to cut down on basic goods such as food, electronics and car fuel in order to meet their tax obligations to the State. According to data released by the Ministry of Energy and the Environment, in the...

The permanent residents of 47 remote islands in Greece are to get free internet access based on a Joint Ministerial Decision signed on Thursday by Minister of Digital Policy, Telecommunications and Media; Nikos Pappas and Interior Minister Panos Skourletis. The measure...

Crisis-stricken Greeks have seen their wealth decline by 40%, their income dropping 26% and food consumption reduced by 27% in a five-year period, a Bank of Greece study shows. The data applies to the 2009-2014 period and shows that annual...

The income in Greek households was 75.157 billion euros in 2016, according to income tax statements made to tax agencies last year, with the value of taxed income rising to 82.1 billion euros, official figures showed on Thursday. A total...

On Wednesday a study published in the Bank of Greece’s Economic Bulletin revealed that Greeks have seen their salaries shrink considerably in the period between 2010 and 2016. The study showed that in Greece annual households disposable income decreased by...

One in three families in Greece has at least one unemployed member, while the middle class is dwindling, a new survey on behalf of the Hellenic Confederation of Professionals, Craftsmen & Merchants (GSEVEE) says. The research was conducted by MARC...

Over the past several years, Greeks have had to cut corners and spending on modern conveniences in order to make ends meet due to rising taxes, slashed wages and pensions. According to a 2015 survey by the Greek Ombudsman, a constitutionally...

Greek households' living conditions and ability to maintain property to cover basic housing needs are behind other member states of the European Union. Information from the European Federation of National Organisations Working with the Homeleess (FEANTSA) gives an overview of...

  The majority of Greek households cannot afford to pay their taxes, says a study conducted by the General Confederation of Greek Workers (GSEE). "The sharp decline of wages in the past six years has reduced dramatically the tax-paying abilities of...

The dire state of the Greek economy is reflected in the inability of many households to fulfill their tax obligations, says a study conducted on behalf of the Hellenic Confederation of Professionals, Craftsmen & Merchants (GSEVEE). The study, conducted by the Institute of...

After hours of negotiating, Greece and creditors agreed that only the poorer families unable to pay their mortgages will save their homes from foreclosure, the measure applying to about 25 percent of people in debt. The meeting between Finance Minister...

Greek households lost 13.9 billion euros from their gross available income in 2013, with their available income falling by 10.2 pct, compared with 2012 from 136.5 billion to 122.6 billion euros, Hellenic Statistical Authority (ELSTAT) said on Tuesday. The statistics...