security funds

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...

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%...

Greece's pension system is at risk as there are 360,000 pending applications for main pensions, supplementary pensions and retirement lump sums. According to an Ethnos newspaper report, the pending applications that are stuck in the security funds' drawers for three...

The undeclared labor rate in Greece stands at 25% of the official gross domestic product, as 30% of Greeks have bought undeclared goods and services, says an International Labor Organization report. Greeks spend an average of 750 euros each per year...

Greek farmers and stock breeders on Thursday blocked with their tractors the customs office of Evzonoi in northern Greece, protesting against the new fiscal measures. From 12 noon until 2 pm, 30-40 tractors had blocked incoming and outgoing traffic on...

Greece is not on the agenda of today's (Monday) meeting of euro zone finance ministers, but European Commission officials warn Greece that September will be tough. The second review of Greece's bailout program will take place in September and it...

The Greek government is to proceed with confiscations of bank accounts and real estate for about 55% of debtors to the state aiming to raise 5 billion euros. The ministries of finance and labor and their respective collecting agencies turn...

After the new tax measures and contribution hikes, Greek wage earners will see only 42.50-67 euros going to their pockets for every 100 euros they make. The remainder 33-57.50 will go to state coffers in the form of income tax,...

Greece's finance ministry has decided on a policy to publicize the names of people who owe over 300,000 euros to the tax office or to pension and security funds. According to Alternate Finance Minister Tryfon Alexiadis, the names will be uploaded...

After four hours of negotiations with creditors' representatives late on Tuesday, Greece is coming close to the completion of the bailout program review. Only one issue remains open, with the Greek side hoping that it will be resolved soon. Specifically,...