Greece – Muhasebe News

German tourists to Bulgaria are becoming more and more popular

MuhasebeNews — Mon, 17 Apr 2023 07:25:37 +0000

Bulgaria ranks fifth in the German publication “Express”‘s list of this year’s most affordable summer vacation destinations. In the newspaper, it says:

“The Balkan nation was previously only known to a select few connoisseurs, but it is now quickly establishing itself as a popular vacation spot. The Black Sea is a great option for those looking to unwind on the beach on a budget. But Bulgaria has much more to offer than just the coastline, sand, and sun. There is a vast deal of unspoiled wilderness nearby that beckons you to explore. Not to mention that those with a passion for culture won’t be let down. Urban tourism is a perfect fit for Sofia’s capital. Sofia excels in other areas outside history and culture, like as its vibrant nightlife.”

The Eastern Rhodopes’ pristine wilderness offers fantastic chances for mountain tourism, according to Berlin’s “Tagesspiegel” newspaper.

Germans are looking for less expensive vacations.

However, Bulgaria continues to be most popular among Germans as a place to spend their beach vacations. Several tour companies also mentioned this at the significant tourism exhibition that was held in Berlin last month.

Once more, operators focus mostly on Sunny Beach, Golden Sands, and Albena vacations, but more and more frequently they also discuss the fantastic potential for balneotourism in Bulgaria.

However, the public legal media ARD warns that Bulgaria is one of the three summer holiday spots with the largest growth in aircraft ticket prices, up to 28 percent, along with Turkey and Egypt.
Germans are searching for alternative vacation spots for the next summer because the cost of popular tourist destinations like Italy and Spain has skyrocketed.

Source: novinite.com
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

Greece Inflation Hits 17-Month Low

MuhasebeNews — Tue, 11 Apr 2023 08:24:00 +0000

The evolution of the Consumer Price Index (CPI) of March 2023 (reference year 2020=100.0) is depicted as follows:

The CPI in March 2023 compared with March 2022, increased by 4.6%. In March 2022, the annual rate of change of the CPI was 8.9%.

The CPI in March 2023 compared with February 2023, increased by 1.2%. In March 2022, the monthly rate of change of the CPI was 2.7%.

The average CPI for the twelve – month period from April 2022 to March 2023, compared with the corresponding index for the period April 2021 to March 2022 increased by 9.2%. The annual rate of change of the average CPI between the twelve – month period April 2021 to March 2022 in comparison to the period April 2020 to March 2021 was 3.5%

Monthly rates of change: March 2023 compared with February 2023

The 1.2% increase of the Overall CPI in March 2023, compared with the corresponding index in February 2023 is, mainly, due to the changes in the groups of goods and services as follows:

1. An increase of:

• 0.1% in the group Food and non-alcoholic beverages, due to the increase, mainly, in the prices of: bread and cereals, beef, pork, dried salted or smoked meat, cheese, preserved or processed vegetable, coffee. This increase was partly offset by the decrease, mainly, in the prices of: fresh fish, yoghurt, olive oil, fresh vegetables.
• 1.2% in the group Alcoholic beverages and tobacco, due to the increase, mainly, in the prices of alcoholic beverages (not served).
• 29.4% in the group Clothing and footwear, due to the recovery of part of prices up to normal levels as before the winter sales period.
• 1.2% in the group Household equipment, due to the recovery of prices up to normal levels as before the winter sales period and due to the increase, mainly, in the prices of non-durable household articles.
• 0.3% in the group Health, due to the increase, mainly, in the prices of hospital and clinic services.
• 0.8% in the group Transport, due to the increase, mainly, in the prices of: second hand motor cars, tickets for passenger transport by air. This increase was partly offset by the decrease, mainly, in the prices of diesel.
• 0.6% in the group Hotel-Cafés-Restaurants, due to the increase, mainly, in the prices of: restaurants-confectioneries-cafesbuffets, hotels-motels-inns.
• 0.8% in the group Miscellaneous goods and services, due to the increase, mainly, in the prices of other appliances and articles for personal care.

Source: Hellenic Statistical Authority
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

Greece wants to extend TurkStream pipeline

MuhasebeNews — Fri, 07 Dec 2018 09:30:30 +0000

Greek Prime Minister Alexis Tsipras had an interview with Russian news agency TASS on Dec. 6.

Greece is negotiating with the EU on the extension of the TurkStream, a natural gas pipeline running from Russia to Turkey, across Greek territory to other EU countries.

Tsipras said Athens and other European countries are convinced that the EU has to move to cooperation with Russia on the TurkStream pipeline.

Greece thinks the pipeline should become not only TurkStream but ‘’EuroStream’’ as well as part of the multifaceted policy in the energy sphere.

The first line will be designed for the Turkish market and will meet 35 percent of Turkey’s natural gas consumption alone. The second is for gas supply to countries in southern and southeastern Europe.

The launch of the second branch of the TurkStream to deliver gas to southern and southeast Europe was scheduled for 2019.

In November, Tsipras stated that Greece is actively agitating for this gas pipeline to pass through Greek territory to Europe.

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

Euro Area Unemployment at 9.5%

MuhasebeNews — Fri, 05 May 2017 15:08:29 +0000

The euro area (EA19) seasonally-adjusted unemployment rate was 9.5% in March 2017, stable compared to February 2017 and down from 10.2% in March 2016. This is the lowest rate recorded in the euro area since April 2009.

The EU28 unemployment rate was 8.0% in March 2017, down from 8.1% in February 2017 and from 8.7% in March 2016. This remains the lowest rate recorded in the EU28 since January 2009. These figures are published by Eurostat, the statistical office of the European Union.

Among the Member States, the lowest unemployment rates in March 2017 were recorded in the Czech Republic (3.2%), Germany (3.9%) and Malta (4.1%). The highest unemployment rates were observed in Greece (23.5% in January 2017) and Spain (18.2%).

Source: Eurostat

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

Eurozone Unemployment Rate!

MuhasebeNews — Wed, 03 May 2017 07:11:06 +0000

The latest data on unemployment rate in Eurozone has been declared.

According to the latest data, unemployment rate of Eurozone remains stable.

On the other hand, the differences between countries about the unemployment rates are huge, ranging from 3.9% in Germany to Greece’s 23.5% in January,

Source: Eurozone

Euro Area and EU28 Government Deficit at 1.5% And 1.7% of GDP Respectively

MuhasebeNews — Sat, 29 Apr 2017 06:52:18 +0000

In 2016, the government deficit and debt of both the euro area (EA19) and the EU28 decreased in relative terms compared with 2015. In the euro area the government deficit to GDP ratio fell from 2.1% in 2015 to 1.5% in 2016, and in the EU28 from 2.4% to 1.7%.

In the euro area the government debt to GDP ratio declined from 90.3% at the end of 2015 to 89.2% at the end of 2016, and in the EU28 from 84.9% to 83.5%. In 2016, Luxembourg (+1.6%), Malta (+1.0%), Sweden (+0.9%), Germany (+0.8%), Greece (+0.7%) registered a government surplus.

At the end of 2016, the lowest ratios of government debt to GDP were recorded in Estonia (9.5%), Luxembourg (20.0%), Bulgaria (29.5%).

Source: Ministry of Economy

Greece Debt Relief in Eurozone!

MuhasebeNews — Fri, 28 Apr 2017 06:21:02 +0000

The authorities in Eurozone have promised that there would be deal by the end of May in order to solve the debt issue of Greece.

Jeroen Dijsselbloem claimed that some of Athens debt will have to be written off for its public finances to become sustainable.

On the other hand, the International Monetary Fund had insisted it would only take part in the emergency loan programme if there were debt relief.

Source: Euronews

Debt Crisis of Greece!

MuhasebeNews — Thu, 13 Apr 2017 08:26:47 +0000

European Union is in search of a solution for Greek debts!

The head of IMF Christine Lagarde claimed that Greek debt has a long road ahead in order to fight against its debts and they haven’t made a progress with the negotiations.

On the other hand, countries in Euro zone, especially Germany, do not want Greek debt to be relieved.

Source: Euronews

Women in Statistics in Turkey, 2016

MuhasebeNews — Mon, 27 Mar 2017 08:53:05 +0000

Female population constituted 49.8% of Turkey’s population
In Turkey, while male population was 40 million 43 thousand 650 persons, female population was 39 million 771 thousand 221 persons in 2016. In other words male population constituted 50.2% of the population and female population constituted 49.8%. Because of females live longer than males, this proportional balance changes for the benefit of females in the age group of 65 and older. Male population constituted 43.9% of elder population and female population constituted 56.1%.

Female life expectancy at birth is 80.7 years
According to life tables, 2015 results; life expectancy at birth is 78 years at total, 75.3 years for males and 80.7 years for females. In general, females live longer than males and the difference in life expectancy at birth is 5.4 years.

Illiterate female population is 5 times more than illiterate male population
In Turkey, while the proportion of total illiterate population in 25 and over age groups is 5.4%, this proportion is 1.8% for male population and 9% for female population in 2015.

While the proportion of high school and equivalent graduates in 25 and over age groups is 19.5%, this proportion is 23.5% for males and 15.6% for females. The proportion of total higher education graduates is 15.5%, this proportion is 17.9% for males and 13.1% for females.

Selected indicators by sex, 2015

Female employment rate was less than half of male employment rate
According to household labor force survey results; in Turkey the employment rate of population aged 15 and over was 46%; this rate was 65% for males and 27.5% for females in 2015.

When the employment rates in member countries of the European Union were analyzed, it was seen that Sweden had the highest employment rate for females with 74% and Greece had the lowest employment rate for females with 42.5% in 2015. The average employment rate for females in European Union countries (28 countries) was 60.4%.

In member countries of the European Union, Netherlands had the highest employment rate for males with 79% and Greece had the lowest employment rate for males with 59.3% in 2015. The average employment rate for males in European Union countries was 70.8%.

Labor force participation rate of educated females is higher
According to household labor force survey results; in Turkey, labor force participation rate of population aged 15 and over was 51.3%, this rate was 71.6% for males and 31.5% for females in 2015.

When labor force participation rate by education status was investigated, it was seen that the higher education status of females, females participated more to labor force. The labor force participation rate was 16.1% for illiterate females, 26.6% for females who graduated from school less than high school, 32.7% for females who graduated from high school, 40.8% for females who graduated from vocational high school and 71.6% for females who graduated from higher education.

Every 4 out of 5 males found it appropriate for females to work
According to family structure survey, 2016 results; the proportion of individuals who approved females’ working was totally 84.9%, the proportion of males who approved it was 78.1% and the proportion of females who approved females’ working was 91.5%.

When the proportions of individuals who approved females’ working was analyzed by Statistical Regions (SR) Level 1, the highest proportion was in TR3 Aegean (İzmir, Aydın, Denizli, Muğla, Manisa, Afyonkarahisar, Kütahya, Uşak) with 90.6% and the lowest was in TRC South East Anatolia (Gaziantep, Adıyaman, Kilis, Şanlıurfa, Diyarbakır, Mardin, Batman, Şırnak, Siirt) with 71.5%.

Females who graduated from higher education earned more income
According to income and living conditions survey results; while working females who graduated from higher education had average annual main job income as 29 thousand 238 TL, working females who graduated from high school had average annual main job income as 16 thousand 124 TL in 2015. Females who didn’t complete any school had average annual main job income as 8 thousand 528 TL.

34.3% of the first marriages was realized between the ages of 20-24 in females
According to family structure survey, 2016 results; when the first marriage ages declared in the survey by individuals aged 15 and older and who experienced marriage was analysed, it was seen that first marriages mostly took place between the ages of 20-24 with 37.5% in Turkey. While the proportion of males who married for the first time in the 20-24 age group was 41.3%, this proportion was 34.3% for females.

In the case of conflict, spouses reacted with shouting to each other mostly
According to family structure survey, 2016 results; in the case of conflict between the spouses, 75.3% of males and 66.2% of females reacted with shouting/raising their voices to their spouses mostly. 55.1% of males and 64.2% of females remained silent in the case of conflict. 3.6% of males and 2.4% of females used physical violence to their spouses when they were in conflict.

According to Statistical Regions (SR) Level 1, the highest proportion of using physical violence to spouses was highest in TRC South East Anatolia (Gaziantep, Adıyaman, Kilis, Şanlıurfa, Diyarbakır, Mardin, Batman, Şırnak, Siirt). In this region 8.6% of males, 7.5% of females used physical violence to their spouses.

The proportion of males’ using physical violence was lowest in TR3 Aegean (İzmir, Aydın, Denizli, Muğla, Manisa, Afyonkarahisar, Kütahya, Uşak) with 1.7%, this proportion for females was lowest in TR4 East Marmara (Bursa, Eskişehir, Bilecik, Kocaeli, Sakarya, Düzce, Bolu, Yalova) with 0.7%.

Household chores and responsibilities were shared with paying regard to sex
According to family structure survey, 2016 results; it was observed that while females did continuous house works like cooking, dishwashing, laundering, cleaning the house and ironing, males did works which had apparency and definite beginning and ending like repairing, painting the house, paying the bills.

Throughout Turkey, cooking was done by females with the proportion of 91.2%, by males with 8.8%. Painting the house was done by males with the proportion of 80.4%, this proportion was 19.6% for females.

Married males and females are happier
According to life satisfaction survey results; the proportion of individuals who declared themselves as happy was 61.3% in 2016. While the level of happiness was 58.1% for males, it was 64.5% for females. It was seen that 64.7% of married individuals, 57.3% of individuals who never married, 50.9% of widowed individuals and 32.5% of divorced individuals were happy.

60.8% of married males, 68.3% of married females declared themselves as happy. While 54.5% of males who never married and 62.1% of females who never married were happy, 29% of divorced males and 35.5% of divorced females were happy. It was seen that 53.1% of widowed males and 50.5% of widowed females were happy.

Level of happiness by marital status, 2016

About 4 out of every 10 females felt insecure in their own neighborhood
According to life satisfaction survey results; while the proportion of the individuals who felt insecure when they were walking alone at night in their own neighborhood was 26.2% totally, this proportion was 15.2% for males and 37% for females in 2016. 71% of males and 47.5% of females felt themselves secure in their own neighborhood.

The proportion of the individuals who felt insecure when they were alone at home was 7.9% in total, this proportion was 4.5% for males, 11.2% for females. 86.7% of males, 76% of females felt themselves secure when they were alone at home in 2016.

Deaths caused by diseases of the circulatory system took first place
According to causes of death statistics results; among the causes of death cases in 2015, diseases of the circulatory system were in the first place with 40.3%, neoplasms were in the second order with 20% and diseases of the respiratory system were in the third order with 11.1%.

When the causes of death cases were examined by sex, for females diseases of the circulatory system were in the first place with 44.3%, neoplasms were in the second order with 15.5% and diseases of the respiratory system were in the third order with 10.1%. For males the sequence of the death causes is similar with the females, diseases of the circulatory system were in the first place with 36.8%, neoplasms were in the second order with 23.9% and diseases of the respiratory system were in the third order with 11.9%.

Females participated less in political life than males
While the proportion of female deputies was 4.5% in the Grand National Assembly of Turkey in 1935, this proportion has increased to 14.7% after 81 years. The total number of ministers in 2016 in Turkey is 27 and the number of female ministers is only 1. While the proportion of female mayors in local governments was 0.9% in 2009 local elections, this proportion was 2.9% in 2014 local elections. While the proportion of female head of quarters was 2.3% in 2009 local elections, this proportion was 2% in 2014 local elections.

Minimum Wages in the Other Countries

MuhasebeNews — Mon, 20 Mar 2017 12:51:20 +0000

Introduction
The amount of minimum wages for the next year is determined in the meeting made in December being the last month of the previous year.

The institution which determines the amount of minimum wage is titled “Minimum Wage Determination Commission”.

Members of the Commission are listed below:
– 5 people – Representatives on behalf of the Government
– 5 people – Representatives from Turkish Company Union (on behalf of workers)
– 5 people – Turkey’s Employers’ Association

The amount of minimum wage in 2017 is supposed to be declared before the year ends.

1- What were the Amounts of Minimum Wages in Turkey for the Last Years?
The gross amounts of Minimum wages for 13 years between 2005 and 2017 are shown in the table below.

In the last column of the table, one may see the increase rate of minimum wages in comparison with the previous year.

The increase rate of minimum wage in 2016 is higher compared to the previous years. As minimum living allowance was included in minimum wage. In the previous years, minimum living allowance was not included in minimum wage.

2- How much is the Minimum Wage in 2016?
Minimum wage in 2016 including minimum living allowance;
Gross:                              1.647,00 TL
Net:                                 1.176,47 TL
Minimum Living Allowance: 123,53 TL (minimum)
Net Paid:                          1.300,00 TL (including minimum living allowance)

3- How much is the Minimum Wage in 2017?
The gross amount of minimum wage in 2017 is 1.777,50 TL and the minimum amount for an employee is 1.404,06 TL including minimum living allowance. Minimum living allowance is included in that amount. There will not be added minimum living allowance to the expounded amount.

Minimum wage in 2017 including minimum living allowance;
Gross:                              1.777,50 TL
Net:                                 1.270,75 TL
Minimum Living Allowance: 133,31 TL (minimum)
Net paid:                          1.404,06 TL (including minimum living allowance)

4- Where Would You Like to Live?
If minimum wage is taken into consideration while giving an answer to this question, the answer will be Luxembourg, the Netherlands, Australia or Belgium. For those countries have the maximum amount of minimum wage, according to Organization for Economic Co-operation and Development. Below, one may find the amount of annual minimum wages of some countries in the World in line with the data given by Organization for Economic Co-operation and Development. Turkey ranks number 20 in the list.

Date: 20 March 2017