minimum wage

The Greek Premier stated the new system would prohibit any reduction of the minimum wage by law.

The government instituted an additional 40-euro pay rise to employees earning the minimum wage in Greece last April

Plans to up Greece's minimum wage are driven by the fact that 7 out of 10 private sector employees are low wage earners and can't make ends meet, says TA NEA.

Beyond the monthly wage, he also said a new extraordinary welfare benefit will be funded from a windfall tax on record refinery profits in 2023

The government plans to raise the average wage to 1,500 per month by the end of its tenure

The PM outlined a series of priorities over the coming months which included tackling inflation, supporting agricultural products, and enhancing public health.

According to the data, Greeks rank last in per capita income purchasing power, coupled with the sixth-highest indirect tax burden in the European Union

In an interesting contrast, Sweden, Austria, Denmark, Finland, and Italy lack national minimum wages but establish them through collective agreements