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Minimum wage increase crashes against reality of Greeks' low purchasing power
AgoraThe media offensive launched last week to promote the latest rise in the new minimum wage in Greece... power terms (PPP), which placed Greece second from bottom. The latest minimum wage rise of 50 euros that will take the gross wage to 880 euros, paid out in 14 salaries per year, was initially
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Lenders flag up minimum wage, trade union law among issues to be examined in next review
EconomyProgrammein the context of the second programme review. These reforms mainly relate to the minimum wage, employee.... The institutions suggest the minimum wage structure to change as of 2017 without incorporating any allowance, which currently increases the minimum wage to 761 euros for those with 9 years of experience compared
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New data shows rise in average wage, but overall impact limited
EconomyMacroeconomysystem that maps out the earnings landscape for wage earners in the private sector in Greece... as the number of wage-earning employees in 2024 grew by roughly 4 pct, or over 93,000 employees, to 2.39... roughly 17 pct to just under 10 pct in 2024. Increases in the minimum wage over the period have also
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Tsipras goes big on minimum wage, hoping to enhance election hopes
PoliticsGreek PoliticsThe increase in the minimum wage announced on Monday by Prime Minister Alexis Tsipras beat... in the upcoming elections. Tsipras announced to the cabinet that the minimum wage will increase by 11 percent to 650 euros per month, while the sub-minimum wage for under-25s will also be scrapped
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Tension builds in SYRIZA leadership race as govt moves ahead with wage maturities
PoliticsGreek Politicstaking place despite repeated discussions about the issue. Wage maturities The SYRIZA leadership contest... of how wage maturities will apply again ahead of schedule. In his speech at the Thessaloniki... by declaring that three-year wage maturities in the private sector, which were frozen in the depths
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Budget execution shows surplus of 811 mln at start of 2014
EconomyMacroeconomyand the impact of the recent ruling by the Council of State overturning the wage cuts imposed... 1 billion euros compared to the initial estimate of 812 million incorporated in the 2014 budget... the ESA-95 methodology. Thus, the equivalent MoF projection of 812 million under EAP stands at 3.9
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Wage ruling gives gov't immediate fiscal headache, political one may come later
PoliticsGreek Politicseffort to create a single wage structure in the public sector. It should be noted that the court’s... second jobs. The decision apparently orders the government to reverse the 10 percent wage cuts imposed... on wage maturities If this proves to be correct, the government faces a challenge in finding
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Countdown begins for multi-bill, coalition eyes minimum wage increase
EconomyProgramme-bill on January 8. Minimum wage Despite the pressure on the government to tie up loose ends... that the government would examine the possibility of raising the minimum wage after Greece has exited the programme. This was interpreted by some as a clear pledge that the minimum wage, last set in 2012
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Government compromises on 2 pct rise for minimum wage
PoliticsGreek PoliticsIt was confirmed at a cabinet meeting on Monday that the minimum wage will rise by 2 pct... Hatzidakis means that the monthly minimum wage will go up from 650 euros, where it has been since 2019... away. Business associations had wanted the minimum wage to remain unchanged for another year following
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New Democracy pins hopes on minimum wage hike to reverse poll losses
PoliticsGreek PoliticsThe New Democracy government has unveiled an inflation-busting minimum wage hike a day after... with the opposition and putting re-election apparently out of reach for the conservatives. Wage increase In a televised address, Prime Minister Kyriakos Mitsotakis announced that the minimum wage
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