BUSINESS Economy

Backtracking seen after job market progress

ROULA SALOUROU

The latest data from the Manpower Organization (OAED) and the Labor Ministry’s Ergani hirings database confirm the dominance of flexible forms of employment in new hirings, the slowdown in unemployment’s pace of decline and the fact that half of the country’s jobless have been out of work for more than 12 months.

BUSINESS Markets

Benchmark bond yield climbs to year-high

ANESTIS DOKAS

The Greek bonds market has deteriorated further this week following the Eurogroup’s decision to postpone the payout of the 5.7-billion-euro bailout tranche to Greece and the disagreement between Finance Minister Euclid Tsakalotos and European Central Bank President Mario Draghi.

BUSINESS Stocks

ATHEX: Stocks ease on mixed news

The decision of the Eurogroup on Monday to put off the disbursement to Greece of the 5.7-billion-euro bailout tranche overshadowed the positive news of last Friday’s credit rating upgrade by Fitch – from B- to B – at the Greek bourse on Tuesday, although the losses were contained somewhat during the closing auctions.

BUSINESS Tourism

Fewer Cypriots visit Greece in January

The Passengers Survey of the Statistical Service of Cyprus (CyStat) showed on Tuesday that 107,759 residents of Cyprus returned to the island from a trip abroad in January compared to 108,981 in the corresponding month last year, recording a decrease of 1.1 percent. 

BUSINESS Taxation

Settling non-expired dues in 12 installments

A circular issued on Tuesday by the Independent Authority for Public Revenue offers taxpayers the chance to settle their dues to the tax authorities in up to 12 installments, be it for one non-expired income tax installment or their entire annual dues that would normally be paid in three tranches every two months. 

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IN IMAGES

Kindergarten teachers feeling downtrodden

A kindergarten teacher gestures angrily at a protest rally in downtown Athens on Tuesday. A few dozen protesters scuffled briefly with police as they tried to force their way into Parliament to meet with Education Minister Costas Gavroglou following fruitless talks with Interior Minister Panos Skourletis. Pre-school educators called a nationwide strike yesterday in protest at pay cuts and staff shortages, but also at education reforms that they feel will undermine the value of their university degrees by ‘demoting’ them from ‘educators’ to ‘carers.’ [Yiannis Panagopoulos/Eurokinissi]