Hellenic Federation of Enterprises

Although the economy returned to growth last year, this has not resulted in an increase in citizens' disposable income, the Hellenic Federation of Enterprises (SEV) suggested on Thursday. It also noted the huge distance the economy has to travel to achieve a model of sustainable development.

Greek workers need to acquire new skills in order to meet the requirements of the labor market and respond to the challenges the transition to the digital economy entails, according to a special report by the Hellenic Federation of Enterprises (SEV).

The report stresses the need for the direct cooperation of workers, enterprises, the academic community and the state.

The Hellenic Federation of Enterprises (SEV) will prioritize the creation of jobs over increasing the minimum wage in negotiations set to start with the other social partners - employer associations and employee unions - ahead of talks concerning the drafting of a new national collective labor contract.

Some 676,700 very small, small and medium-sized enterprises account for almost 87 percent of employment in Greece, according to the Hellenic Federation of Enterprises (SEV).

Members of the Communist Party-affiliated union PAME vandalized the entrance to the Hellenic Federation of Enterprises (SEV) in central Athens with red paint early on Tuesday.

The PAME members targeted SEV's offices during an anti-austerity protest.

In a statement, PAME blamed Greek industrialists for repeated cuts to salaries and compromising workers' rights over the years.

Evangelos Mytilineos, owner of the Athens-listed Mytilineos Group of metallurgical companies, is the proposal of the Executive Committee of the Hellenic Federation of Enterprises (SEV) for the new president of the country's most influential employers' association.

Deputy Prime Minister Yiannis Dragasakis has responded to accusations leveled against the government about overtaxing the Greeks, claiming that Greece defaulted because of undertaxation in previous years, while also placing the biggest part of the blame for the crisis on the private sector.

The legal framework for streamlining insolvent enterprises and restructuring their loans - which is a key tool for banks in their battle to reduce nonperforming loans - remains inefficient, according to an analysis issued on Tuesday by the Hellenic Federation of Enterprises (SEV).

The Hellenic Federation of Enterprises (SEV) has again warned that overtaxation could keep the country's growth rates at subdued levels, while the obstacles the government is putting in the way of big investment projects such as the Halkidiki gold mines (Eldorado Gold) and the development of the former airport at Elliniko (Lamda Development) serve as a deterrent to other would-be investors.

The Hellenic Federation of Enterprises (SEV) is calling for the reorganization of the labor market's monitoring mechanisms and the penalty system, along with the reduction of non-salary obligations (taxes, social security contributions etc), in order to help combat undeclared or partly declared labor.