Saturday Jan 31, 2015 Search
Weather | Athens
16o C
13o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
First signs of stabilization in salaries

By Sotiris Nikas

The first signs that a long period of declining salaries is gradually coming to end are emerging from the latest Hellenic Statistical Authority (ELSTAT) data. According to the authority’s salary index, in the first quarter of the year salaries grew by 0.6 percent from the same period in 2013 across the economy, while in comparison to the index’s peak in Q1 of 2010 salaries have dropped by 24.7 percent.

The rise by 0.6 percent in the January-March 2014 period comes after the seasonal adjustment of data. ELSTAT has applied Eurostat standards and has concluded that the first quarter of the year was the first in 14 consecutive quarters in which the index stopped declining. In the first quarter of 2013 the seasonally adjusted index had shown a 12.4 percent drop from Q1 of 2012.

This reversal points to a stabilization of salaries, which are now entering a new period. Finance Ministry officials expect that this could have a favorable impact on consumption and on the course of the country’s gross domestic product.

ekathimerini.com , Sunday June 29, 2014 (20:03)  
Greek markets plunge as SYRIZA digs in on challenge to austerity
Greek bank debt plummets as investors head for the exit
Increase in minimum salary is left aside for now
Decline in euro rate has exporters eyeing growth in 2015
Merkel rejects debt writedown for Greece
German Chancellor Angela Merkel and her finance minister have both ruled out a debt haircut for Greece, rejecting the new Greek government's demand to write off part of its 320 billion euro ...
US to work closely with Greece and EU to resolve differences, says White House
The United States will continue working closely with the new government in Greece and other European leaders to resolve differences that could improve Greece's economy, a White House spokesm...
Inside News
BASKETBALL
Panathinaikos preserves perfect home record
After yet another great performance at home, Panathinaikos defeated Galatasaray 86-77 in Athens on Friday to get to three wins in five games at the Euroleague top-16. The Greek champion shoo...
SOCCER
Gattuso: Unpaid OFI players couldn´t buy food
Former coach Gennaro Gattuso has lifted the lid on the plight of crisis-club OFI Crete which has been banned from playing in the Super League until it clears mounting debts with its staff. T...
Inside Sports
INTERVIEW
SYRIZA must come up with ‘pragmatic solutions,’ Schulz tells Kathimerini
“SYRIZA must realize that it is now the Greek government, not a party running an election campaign,” European Parliament President Martin Schulz, the first European official to visit Greece ...
COMMENTARY
Strange haste
The members of the new government must have a lot of confidence in themselves. Several days before announcing his program, Prime Minister Alexis Tsipras and his cabinet have opened up a mult...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greek markets plunge as SYRIZA digs in on challenge to austerity
2. Greek bank debt plummets as investors head for the exit
3. Merkel rejects debt writedown for Greece
4. US to work closely with Greece and EU to resolve differences, says White House
5. Panathinaikos preserves perfect home record
6. Increase in minimum salary is left aside for now
more news
Today
This Week
1. Merkel rejects debt writedown for Greece
2. Greek bank debt plummets as investors head for the exit
3. US to work closely with Greece and EU to resolve differences, says White House
4. Greek markets plunge as SYRIZA digs in on challenge to austerity
5. SYRIZA must come up with ‘pragmatic solutions,’ Schulz tells Kathimerini
6. Why Greece went left while Europe turns to right
Today
This Week
1. Greek Elections 2015 | LIVE
2. SYRIZA heads for historic victory but without majority
3. Greek Elections 2015 | LIVE
4. Greek Elections 2015: The day after | LIVE
5. SYRIZA's win will test institutions
6. EU must accept that Greek debt relief is inevitable
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.