ECONOMY

OAEE ups pressure for unpaid fees

Having drawn 80 percent of its annual allowance according to the state budget between the months of January and July, OAEE, the social security fund for all self-employed people in Greece, backed by KEAO, the Center for the Collection of Social Security Arrears, is now turning the screws on debtors in a bid to get them to settle their outstanding accounts with the fund, or else risk having assets confiscated.

Official data show that over the past few days KEAO has sent out a total of 64,267 first notices, of which 6,024 concern overdue amounts to OAEE. Also, second-round warnings have been sent to 93,406 individuals, 5,941 of these concerning outstanding debt to OAEE.

These warning notices include numerous cases concerning small-scale debtors currently in danger of being confronted by mandatory measures such as confiscation of personal property.

The latest data showed that 776,906 individuals are registered with the OAEE fund. Of these, 659,000 owe a total of 9.1 billion euros.

Between the months of January and July, KEAO carried out a total of 1,372 real estate confiscations and 259 confiscations of other personal property, according to data provided by the center.