Fitch keeps Greek rating stable at 'BB-' but sees growth momentum building
Details of bond issue give Athens boost in bid to establish market access
Minimum wage increase set for end of January amid concerns about economic impact
S&P keeps B+ rating and positive outlook, stresses factors for stronger growth
PDMA sets out plans to build on recent market forays with bond issues in 2019
Backpay for civil servants gets "positive" measures rolling for government
Increase of 11 pct in minimum wage to have knock-on effect in economy
As was widely anticipated, during the cabinet meeting yesterday Alexis Tsipras announced that the minimum wage in Greece will increase for the first time in a decade to 650 euros per month, from 586 euros currently, effective from February 1.
This represents a rise of close to 11 percent, surpassing the upper threshold of the committee of wise men that had recommended a rise between 5 and 10 percent. Given that the process of deciding the appropriate level for the minimum wage, i.e. one that...
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