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Almost 25% of EU Citizens in Greece Work in Tourism Businesses

Almost one in four (23.4%) insured Europeans with EU citizenship find employment in Greece in the hotel and catering sector, and other tourism-related businesses. The statistics come from Greece's National Social Security Entity unified pension fund EFKA data for February. Europeans...

The First Settlement of Debt to the State Through Extra-Judicial Means Now a Reality

An unnamed company became the first entity in Greece to settle its debts to the state and restructure through an extra-judicial mechanism, Ministry of Finance sources said on Friday. The case concerned a bilateral negotiation for debts to the national...

24-Year-Old Employees in Greece Earn € 380 per Month on Average

Twenty-four-year-old employees in Greece earn an average of 380 euros per month, while an 18-year-old makes 265 euros per month, a Kathimerini newspaper report says. The report is based on data from statements submitted to the single security fund for...

More than 315,000 New Greek Pensioners Waiting for Payment

More than 315,000 pensions -- main and supplementary -- and retirement bonuses are overdue in Greece, according to a Kathimerini newspaper report. New pensions are one year overdue to recipients. The new pension laws, the merger of security funds, the...

Drastic Decrease in Greeks Declaring Payment Via 'Blokakia' Invoice Books

For the first quarter of the year the Finance and Labor ministries were expecting to see some 100,000 or more employees declared by their employers as receiving payment via "blokakia" or invoice books. Instead, a mere 12,000 employees were declared...

Lawmakers who Accidentally Received One-off Pension Bonus have Returned it, Says Labor Ministry

Greek Lawmakers who accidentally received a one-off pension bonus last December returned it to the unified national insurance body EFKA, the Labor ministry said on Tuesday. The bonus was intended for pensioners earning less than 800 a month but it...

More Than 90,000 People Still Waiting for EFKA Pay Notice

There are still some 90,000 workers in wait for their pay notices for the new Single Social Security Contribution (EFKA). The deadline for payments of January's social security payments is the end of this week, which has already been extended. Now,...

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...

Combating Unemployment and Undeclared Work Among the Labor Ministry's Priorities

Greek Labor Minister Efi Achtsioglou on Tuesday in a press conference presented the activities of the Labor ministry. She underlined that targeted and effective checks are being made to combat undeclared work. Achtsioglou stated that tackling unemployment is also...