ECONOMY

IKA owed some 400 mln euros by state

Greece?s main social security fund, IKA, is owed almost 400 million euros by public sector organizations, Labor Minister Giorgos Koutroumanis has revealed.

Koutroumanis submitted to Parliament on Friday documents that show a range of state-run bodies owe more than 392 million euros in unpaid social security contributions.

The minister said that IKA has agreed payment term with its creditors for only 62 million euros of these debts.

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