ROULA SALOUROU

Baby boomers are retiring

The country’s social security system is in for seven difficult years, as up until 2030 the generation of baby boomers will be rushing to retire.

More years of work, lower pensions

Today’s teenagers, the children born during the debt crisis of the previous decade, who will enter the labor market around 2030, will be able to retire at the age of 72.5 having worked at least 38.5 years, according to the European Commission’s 2024 Aging Report – Economic and Budgetary Projections for the EU Member-States 2022-2070.

15.04.2024 / 22:00

Viable social security system, but only on low pensions

The sustainability of the social security system is considered assured until the distant 2070.

12.04.2024 / 11:04

Labor boost from third countries

At least 18,500 citizens from countries outside the European Union now work legally in Greece..

11.04.2024 / 18:35

Contribution cut from 2025

The new reduction in social security contributions by employers, which the government plans to implement in two phases, will start in 2025.

30.03.2024 / 19:30

‘Brave’ rise in minimum wage

The new minimum salary to be introduced from next Monday, April 1, will amount to 830 euros gross.

27.03.2024 / 14:02

Professions with salary raises

The increase in the minimum wage also creates pressures for salary increases for other employees in Greece, especially in small businesses and some industries, such as services.

23.03.2024 / 13:12

Minimum wage to rise to €830

The government has decided to raise the minimum wage to around 830 euros gross.

13.03.2024 / 00:47

Unblocking small debtors at EFKA

The Labor Ministry will grant social security capacity to approximately 100,000 self-employed people with small debts to the Single Social Security Entity (EFKA) – from a few cents to 100 euros.

11.03.2024 / 22:33

Urgent need for workers from abroad

Money from the Recovery Fund may be lost, especially on Crete, because mainly small and medium-sized contractors have been left without staff and cannot carry out the projects they have undertaken.

05.03.2024 / 20:34

All EFKA services in an app soon

The Single Social Security Entity (EFKA) is seeking to make a huge leap.

28.02.2024 / 21:12

Working pensioners stand to reap benefits

Working pensioners have four months to apply on the special platform of the Single Social Security Entity (EFKA) to have the 10% special contribution deducted from their wage which will eventually lead to an increase in their pensions to the tune of up to 3,500 euros annually.

26.02.2024 / 23:15