Greece and Cyprus are among the countries identified with an increasing risk-of-poverty rate of the working age population along with Portugal, Spain, Italy, Ireland, Slovenia, Bulgaria, Austria and Sweden according to a report published yesterday by Eurostat.
The report shows that in 2020, the year of the COVID-19 outbreak, the median employment income of the working age population (18-64) in the EU decreased by 7% compared with 2019. However, the median disposable household income as well as the at-risk-of-poverty rate remained stable, with varying trends across countries.
This information comes from the early estimates on income inequality in 2020 published by Eurostat today. This article presents a handful of findings from the more detailed Statistics Explained article.
The losses in employment income were largely due to the unprecedented rise in the number of workers absent from work or working reduced hours. However, the usual government transfers and taxes as well as temporary policies helped to offset the impact of the COVID-19 crisis on disposable household income.
RELATED: Greece Tops EU with Highest Rate of Youth Unemployment - Greek City Times
Greece has finalised its institutional framework for data centre licensing, paving the way for the…
The Greek National Opera will stage La Forza del Destino for the first time in…
On January 21, 2025, one day after his inauguration, President Donald Trump welcomed His Eminence…
Ambassador of the Republic of Cyprus in Moscow, doctor Kypros Giorgallis, visited the painting exhibition…
A 39-year-old Turkish man was arrested for the murder of an OPAP store owner in…
Turkey is undergoing a significant naval modernization under the "Blue Homeland Modernization" initiative, which is…