Emergence

Almost a million Greeks risk facing unwanted surprises in the form of either a fresh cut to their pension or the imposition of additional social security contributions due to some unclear points in the law brought in by former labor minister Giorgos Katrougalos. The 2016 law concerns those who are involved in agricultural activities or declare an income from agriculture.

Moody's said on Monday it is maintaining its stable outlook on the Greek banking system amid improved profitability prospects, balanced by still very high problem loans. This expresses Moody's expectation of how bank creditworthiness will evolve in Greece over the next 12-18 months.

Thanks to good fiscal results, salaries and pensions will be increased by the end of the year.

The minimum labor cost to be raised as well, Labor Minister Aleksandar Vulin told RTS on Tuesday.

Thanks to good fiscal results, salaries and pensions will be increased by the end of the year.

The minimum labor cost to be raised as well, Labor Minister Aleksandar Vulin told RTS on Tuesday.

The draft memorandums of understanding submitted to the Finance Ministry on Monday by the European Commission and the International Monetary Fund provide for the possibility of cuts to supplementary pensions from 2019, the lifting of regulations on Sunday trading, the abolition of the Labor Ministry's veto on group layoffs and the extension of the collective labor negotiations' suspension until

The ratings agency Fitch on April 21 downgraded Italy's long-term debt rating a notch to BBB, one level above the "speculative" grade, citing the country's persistent debt and fiscal problems.

However Fitch said Italy's outlook was stable.

The Labor Ministry's main plan to save 1 percent of gross domestic product from 2019 pension expenditure provides for reductions even to very low pensions if the recalculation process shows a difference from the original calculation according to the previous method, the so-called "personal difference."

An internal document by the director of the Single Social Security Entity (EFKA), Thanasis Bakalexis, which was leaked to the Greek press opn Thursday, revealed that the new fund is unable to issue all 150,000 pending pensions by October, which it must do in order for the entity to receive the 869 million euros from the program for the payment of the state's expired debts, as agreed with the co

Fewer Bulgarians become indebted but the size of the debt is growing, announced the chairwoman of the Association of Collection Agencies in Bulgaria (AKAB) Rayna Mitkova, cited by BTA.