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Wages in Public Sector Rose for Last Three Years; Private Sector Fell

According to the ERGANI database of the Greek Labor Ministry, the wages the Greek State paid to its staff rose by the impressive figure...

State Arrears to Private Sector Down in April

State arrears to the private sector eased to 3.908 billion euros in April, from 3.956 billion in March, the Finance ministry said on Tuesday,...

Wage Costs in Greece’s Public Sector Increase While Shrinking in Private Sector

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...

One in Two Private Sector Employees in Greece Earn Less than €800 per Month

One in two employees in the private sector in Greece earns less than 800 euros per month, while only 11 percent of public sector...

Further Reduction in Borrowing From ELA by Greek Banks

Greek banks further reduced their borrowing from the Emergency Liquidity Assistance mechanism (ELA) after the governing council of the European Central Bank approved a request...

Wage Employment in Private Sector Up in March

Wage employment in the private sector grew in March as the hiring/dismissal balance showed a surplus of 29,351 job positions, official data showed on...

Greek Private Sector Employers Owe an Average of 5 Monthly Salaries to 1 Mln...

The economic crisis in Greece has hit hard private sector employees with one million of them remaining unpaid for an average of five months,...

Attacks and Molotov Cocktails in the Center of Athens

Shortly before 13:00 pm around 30 masked men attacked police officers with stones damaging shop windows in the center of Athens during demonstrations by...

Overdue Debts to Private Sector Still Out of Budget

The payoff of overdue debts to businesses and pensioners is still out of the budget. Up until the end of September the debts have...

Almost a Quarter of Greeks are Pensioners, Says New Report

A little over 30% of the total Greek population has a job, while almost 25% of it is composed by pensioners, according to the numbers included in...

Greek Bank Deposits Dropped to 2003 Levels in July

Greek banks lost 39.4 billion euros in deposits between January and July. The Bank of Greece (BoG) announced on Thursday that Greek households withdrew 1.43 billion euros from...

PASOK Opposes Govt Plans for Changes in Public Sector Wages

Greek coalition government partner PASOK declared its opposition regarding the new pay structure in the public sector after the plan was leaked to the media. The party, which...

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