Friday May 29, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Crisis has major impact on the economics of immigration

Besides locals, the crisis that has been gripping Greece for the last six years has also had a major impact on the economic activities of immigrants.

Unable to find work, large numbers of non-Greeks have been buying one-way tickets home. The trend is confirmed by official statistics: The Hellenic Statistical Authority (ELSTAT) has recorded a sharp decline in the immigrant population, the Bank of Greece significant outflows of deposits, and the Social Security Foundation (IKA) a big drop in the number of the immigrants insured.

In just one year, the number of non-EU subjects living in Greece dropped by nearly 165,000, from 817,800 in 2011 to 650,800 in 2012. The largest segment concerns people of Albanian origin. The trend is certain to have continued in 2013 but as yet there are no available data.

The deposits of non-eurozone immigrants in Greek banks fell by 30 billion euros between June 2010 and June 2014. According to Bank of Greece data, the outflow amounted to about 3.5 billion euros in the June 2013 to June 2014 period.

The latest IKA data show that the number of insured immigants fell 33 percent in the first four years of recession, from 237,470 in December 2009 to 159,670 four years later. At the end of 2013, Greeks represented 90.15 percent of those insured with IKA from 87.17 percent four years earlier.

The sharp decline in the number of jobs held by immigrants is largely attributed to the collapse of construction activity. Of the 116,890 insured in this sector in 2009, 52,620, or 45 percent, were of foreign origin. In 2013, employment in the sector had fallen by two-thirds and the number of foreigners in it had dropped to 16,090. Employers in construction, numbering some 43,800 at end-2009, fell to just 16,050 four years later.

In 2013 IKA registered a rise in the total number of insured, from 1,434,850 in 2012 to 1,621,260. This is largely attributed to firms’ fears of being fined if caught employing uninsured workers.

ekathimerini.com , Sunday August 17, 2014 (18:28)  
Hoteliers seek VAT solutions
Chaos in the system for tax declarations
Lenders’ first-quarter data suffer from NPL expansion
Regional airport concession deal ‘to be sealed soon’
PM speaks to Merkel, Hollande as lenders increase pressure
With negotiations between Greece and its creditors at a critical phase, Prime Minister Alexis Tsipras on Thursday sought the assistance of German Chancellor Angela Merkel and French Presiden...
To Potami and PASOK poised to support deal
To Potami leader Stavros Theodorakis said Thursday that his party would back any agreement between the government and the institutions, while PASOK chief Evangelos Venizelos suggested that P...
Inside News
SOCCER
Panathinaikos conquers PAOK through Tavlaridis goal
A Stathis Tavlaridis goal has brought Panathinaikos to practically within one point from clinching a spot in next season’s Champions League qualifiers, as the Greens made it three out of thr...
SOCCER
AEK Athens returns to top league after financial collapse
Greek club AEK Athens has just returned to the country's top soccer league, two years after financial collapse sent it to a lower league. One of the country's largest clubs, AEK sealed its s...
Inside Sports
COMMENTARY
FIFA and fair play
Greeks must be among the less excited observers of the ferocious crackdown on the highest echelons of global soccer’s administrative body, FIFA: from the lowest leagues to our top teams, fro...
COMMENTARY
Greece´s Cuban pathway to a parallel currency
The idea of a parallel currency for Greece is worthy of consideration, with even German Finance Minister Wolfgang Schaeuble broaching the possibility as Greece fails to reach an agreement wi...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Hoteliers seek VAT solutions
2. Chaos in the system for tax declarations
3. Lenders’ first-quarter data suffer from NPL expansion
4. Regional airport concession deal ‘to be sealed soon’
5. PM speaks to Merkel, Hollande as lenders increase pressure
6. To Potami and PASOK poised to support deal
more news
Today
This Week
1. Endless confusion and worry
2. G-7 weighs in on Greece as Tsipras government told to be serious
3. ECB's Nowotny says no to loosening funding for Greece now
4. Lagarde says still much work to do in Greek debt talks
5. Greek bank losses show predicament amid record outflows
6. Following up on a positive step
Today
This Week
1. Hotel contracts with a ‘Greek default clause’
2. Neither Grexit nor a dual currency will solve Greece’s problems
3. Some 300 mln left banks on Tuesday
4. No more 'quick and dirty' fixes for Greece
5. Romantic notions meet reality
6. Tsipras faces down radicals within SYRIZA over terms of deal
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.