The gradual return to normalcy and high and sustainable growth rates are the two main goals of the government, according to the Minister of Social Security Panos Tsakloglou, speaking at the stand of OT.gr at the Thessaloniki International Fair. He added that there are sound government estimates that the second half of 2021 will be accompanied by a strong recovery, but not 16%, as reflected in the second quarter.
He also referred to the high unemployment rates in the country, mainly in terms of young people and women, noting that there are specialized programs for employment. At the same time, he noted that at the moment, the data on employment growth in Greece are better than in 2019.
Also, the Minister of Social Security stated that during the pandemic there were government measures to protect employment, something that led to the current increase in the level of employment in Greece.
At the same time, he noted that the existing statistics show that the brain drain in the country has stopped, adding that the Prime Minister Kyriakos Mitsotakis will announce tonight measures to strengthen employment, which will include young people.
“We know that there is a problem of unemployment in Greece”, he stressed, adding that in 2007 Greece marked 12 years with the 2nd GDP growth rate in Europe but also the 2nd unemployment rate for women and young people, which means that this issue is timeless
He attributed the phenomenon to many factors for the low levels of employment in Greece, in relation to the eurozone, citing the example of frequent early retirement of women. “Today more and more women are entering the labor market,” she said, noting that this is positive for both themselves and the economy as a whole. Mr. Tsakloglou also stated that the data on youth unemployment “do not say much”, because many are in education.
Referring to the phenomenon of price increases in the country, Mr. Tsakloglou said that it is mainly due to the increase in prices for pollutants, but also to malfunctions in the economy, due to the pandemic.
At the same time, he noted that there are two schools of thought: one that argues that the phenomenon will be temporary and another that predicts that there will be more permanent features, with the government agreeing with the former and preparing to announce support measures.
Latest News
Fitch Ratings Maintains Greece at BBB-; Retains Stable Outlook
Fitch Ratings: Greece's ratings are supported by income per capita levels above and governance indicators in line with the 'BBB' median
Global Citrus Production Declines – Greece’s Outlook
In Greece, specifically, orange prices increased by 30.18% this Sept.
NATO Secretary General Rutte to visit Greece
Former Dutch PM Mark Rutte, the Alliance's new chief will first visit Ankara a day earlier to meet with Turkish leadership
PM Mitsotakis from Naxos: Decarbonization Fund to Facilitate Islands’ Green Transition
“The resources will help connect the islands to the mainland's electricity grid," he noted.
Retail Sales in Greece Up 0.8% in Q4 2024: ELSTAT
Retail businesses in the food and fuel sectors posted a turnover of €6.82 billion in Q3 2024, a 1.2% increase compared to €6.73 billion in Q3 2023
September in Greece Winning Tourists Over from US, Germany
Tourists continue to visit Greece off-season into Sept. with the number of inbound travelers up by 6.6% and a 7.9% rise in travel receipts.
Bank of Greece Governor Says EU will Retaliate to Trump’s Tarrifs
The Bank of Greece Governor defended the independence of central banks amid criticism from U.S. President-elect Donald Trump, who had publicly commented on Federal Reserve Chair Jerome Powel
September in Greece Winning Tourists Over from US, Germany
Tourists continue to visit Greece off-season into Sept. with the number of inbound travelers up by 6.6% and a 7.9% rise in travel receipts.
Bitcoin Surges Toward $100K Amid Pro-Crypto Optimism in US
According to Reuters, the cryptocurrency surged to an all-time high, briefly exceeding $96,898 during Asian trading hours.
Greek Driver Violations at a Touch of a Button
Traffic offences recorded in the last five years by Greece’s “Driver Behavior Control System” are now available on Gov.gr Wallet