Greece

The Greek government is considering to exchange debts from unpaid contributions to security funds with lower pensions for the self-employed. Those with outstanding security contributions to the fund for the self-employed (OAEE) who are unable to pay, may be given...

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,...

A circular of the new single security fund (EFKA) says that starting Greek professionals will pay discounted contributions for the first five years, but will have to repay them retroactively plus interest. This comes after a promise by Prime Minister...

"Those who cannot afford to pay their security fund contributions, they can take their families and move to Bulgaria," said the President of Freelance Professionals Security Organization (OAEE), Dimitris Tsakiris. The provocative statement of the OAEE chief was made during...

Greek taxpayers' debts to the state increased by 1.3 billion euros this year, reaching a total 91.5 billion, amounting to more than half of the country’s gross domestic product. According to data from the General Secretariat for Public Revenue, in...

Hikes in security contributions and taxes, along with rumors that contributions for 2017 will be calculated on the basis of earnings in 2015, have led thousands businesses and professionals to change their tax status. Security contributions have moved to 26.95%...

Representatives of Greece’s employer unions claimed they are not opposed to a temporary increase in contributions to the country’s social security system, which is set to be reformed. Greek Prime Minister Alexis Tsipras met with the country's four employer unions on Thursday afternoon to discuss...

Greek professionals and freelancers brace to pay up to 75 percent of their income in taxes and security contributions in the new year, as taxes and contributions go up as of January 1st, 2018. The new tax calculation system and...

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...

Greece's two major security funds, OAEE and IKA, face tremendous shortages two months before the end of the year. The Professional Freelancers Security Organization (OAEE) is about to go bust. OAEE received 835 million euros in credit from the state...

The total debt to all Greek security funds reached 33.62 billion euros at the end of 2015, according to a Naftemporiki newspaper report. About 90% of the total debt from security fund contributions, or 30 billion euros approximately, are debts...

  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...

Prime Minister Alexis Tsipras met on Monday with the U.S. Army General Curtis Scaparrotti, EUCOM commander and NATO's Supreme Allied Commander Europe, to discuss regional developments concerning security, the role of NATO and its contribution in managing the refugee...

This morning the entrance to a branch of the Labor Ministry in Athens city center was blocked by a group of self-styled anarchists. In protest of the latest social security reforms, they have draped a banner on the front...

Creditors suggest that Greece should proceed with government spending cuts instead of raising taxes and contributions in order to save security funds. According to a new report by the European Central Bank, at this point the Greek government must proceed...