Greece: increase in minimum wage from May 1

Immediately after Easter, it will become known what the minimum wage in Greece will be. The dominant scenario – it will increase by 6-8% and exceed 700 euros. Now, when purchasing power has fallen sharply, this figure is 663 euros. From May 1, the minimum wage is expected to reach around 710 euros. At the […]

Greece: Unemployment down 4.4%, wages up

Encouraging data on the labor market, unemployment and wages came from ELSTATaccording to the Ministry of Labor. In particular, according to ELSTAT, unemployment “has decreased by 4.4 percentage points since the ND came to power in the country. (from 17.2% when SYRIZA was defeated in the 2019 elections to 12.8% in January 2022).” Basic data […]

Greek Ministry of Labor to Open Discussion on Minimum Wage

The Greek Cabinet of Ministers will discuss the issue of the minimum wage, with a possible increase, despite objections to the freeze from industrial organizations and business associations. Currently, the minimum wage in the private sector is set at 650 euros per month, with a nominal wage of 758 euros if Christmas and Easter bonuses […]

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