Minimum wage: how much will it increase from April 1

According to exclusive information from the website enikonomia.gr, the minimum wage is currently “fixed” at 823 euros, while consultations are in full swing, which means that, apparently, the final increase will be higher than this amount.

A final recommendation is expected to be made to Cabinet on March 22 for the minimum wage increase to come into force on April 1. If the minimum wage increases from €780 to €823 gross, this means that the net earnings of private sector workers receiving the minimum wage will reach €700, an increase of 5.5%.

Salary gross and net. The difference between these two concepts is that salary gross is your income before taxeswhile net salary is your actual earnings after deductions.

Let us remind you that this is the fourth consecutive increase in the minimum wage: from 650 euros in 2019, it increased to 663 euros in January 2022, to 713 euros in May 2022 and to 780 euros from April 2023.

• ΓΣΕΕ proposes that the minimum wage reach 908 euros gross, i.e. increased by 16%.
• The Bank of Greece proposes to increase the minimum wage by 4%, that is, to 811 euros gross or 691.3 net.
• KEPE proposes to increase the minimum wage by 3.5% to 807 euros.
• ΓΣΕΒΕΕ proposes to increase the minimum wage by 5.5%, that is, to 823 euros.
• ΣΕΒ proposes to raise the minimum level to 811 euros, that is, an increase of 4%.
• ΕΣΕΕ calls for the minimum wage to be set at 815 euros, an increase of 4.5%.

According to the European Union, Greece ranks last in terms of minimum wage.

1. Luxembourg: 2571 euros
2. Netherlands: 2183 euros
3. Ireland: 2146 euros
4. Germany: 2049 euros
5. Belgium: 1994 euros.
6. France: 1767 euros
7. Spain: 1323 euros
8. Cyprus: 1000 euros
9. Poland: 978 euros
10. Portugal: 957 euros
11. Malta: 925 euros
12. Lithuania: 924 euros
13. Greece: 910 euros (780 euros x 14 monthly salary)
14. Croatia: 840 euros.

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