minimum wage

Kyriakos Mitsotakis spoke during Parliament debate on a draft bill dealing with the minimum monthly wage rate, which was later ratified by a majority of deputies, 157 out of 300

Minimum wage and collective bargaining rights are being debated on the floor of the Greek parliament today as the New Democracy’s bill new bill goes to a vote

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

For the first time, the adjustment system will include employees from the public sector, leading to a corresponding increase in their minimum wage

Calculations show that the real wage as of September 2024 is 693 euros, meaning the actual minimum wage has yet to reach 700 euros.

According to the findings of a scientific committee, the increase in the minimum wage will be determined by four indicators

There will be a gradual transition to this new wage-setting system which will be modelled on France’s approach.

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