Energy Conference in Athens on its role in economic recovery

The important role played by the energy sector in developing the Greek economy will be the main focus of the 20th “Energy and Development” conference which will be held in Athens on November 11-12.

The conference, which is organized by the Institute of Energy for South-East Europe (IENE) at the Eugenides Foundation, will be attended by senior executives, scientists, engineers and energy professionals from all the major Greek energy-related companies and also by policy-makers.

(Source: ANA-MPA)

By Ioanna Zikakou – Oct 22, 2015,


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Greek Unemployment Rates are the highest in the EU

Eurostat figures released on Friday place Greece at the top of the unemployment table within the Eurozone as well as the European Union.

Greece’s figures, which take into account data available until the month of July, show a 25% seasonally adjusted unemployment rate, which translates to 1,197,000 people without a job. Spain, with an unemployment rate of 21.1% in September, is the only other EU country with more than a fifth of its population unemployed. Cyprus had the EU’s third highest unemployment rate with 15.1% in September.

The Eurozone‘s average unemployment rate is still higher than the European Union’s average unemployment rate. By September 2015 the unemployment rate for the monetary union was 10.8% while the EU had a 9.3% average unemployment rate.

Young people in Greece are also faced with the highest jobless rates. 48.6% of people between the ages of 15 and 25 who have been looking for a job within the past four weeks prior to July’s report, did not have one. That amounts to 139,000 people. Spain is a close second with an under-25 unemployment rate of 47.7%. The Eurozone’s average youth unemployment was 22.1% for September 2015 while the EU’s was 20.1% for the same month.

The figures also reveal a significant disparity between unemployment in eligible females and males in Greece. While 21.5% of eligible males were registered as not having a job, 29.4% of eligible females were unemployed in July. The gap in Greece does not reflect the extent of either the Eurozone’s or the EU’s gap, as there is a 0.2% higher unemployment rate for females in countries in the Eurozone and a 0.1% higher rate for females in countries in the EU.,  Anastassios Adamopoulos – Oct 30, 2015

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