The minimum wage for workers in Greece is set for an increase of approximately 40 to 50 euros starting from April 1, 2025. The process of determining the exact adjustments is set to commence by the end of this month.
As reported the minimum wage is expected to reach 870 or 880 euros in 2025, which is a 40 or 50-euro increase, with a similar rate of growth projected in the following years. This aligns with the government’s goals to raise the minimum wage to 950 euros by 2027 and the average wage to 1,500 euros.
Achieving the goal of an average salary of 1,500 euros by the end of the government’s four-year term requires annually increases in the average salary of approximately 5.3%. This means yearly increases would need to exceed around 60 euros.
According to the annual report of the online system ERGANI, the average salary in 2024 should rise to 1,313.55 euros from 1,251 euros in 2023. By 2025, it should reach 1,379.22 euros, increase to 1,448 euros in 2026, and finally reach 1,520.50 euros by 2027.
However, the lack of collective labor agreements poses an additional challenge in shaping the new average salary. Large groups of workers have not signed contracts for years, resulting in their wages being compressed near the minimum wage levels.
Nonetheless, the government is determined to implement its plan regarding wage increases.
Labor Minister Niki Kerameus has already initiated the process by reaching out to relevant organizations, urging them to nominate representatives for two key committees tasked with shaping the consultation process on the minimum wage.
These committees, established under the new law enacted last December, will play a central role in determining the adjustments to the minimum wage level.
