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Newsletter 323 - 14/01/2022
his TV interview that the second increase to the minimum wage would come on May 1. The minimum wage.... The decision to move ahead with the minimum wage boost earlier than expected comes on top of the latest... of the minimum wage to 800 euros, cuts to VAT on basic goods and excise duty on fuel, an intervention
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Newsletter 439 - 01/11/2024
wage. The decision to turn towards tax policy comes at a time when New Democracy continues... of the formula that will determine the minimum wage. The current consultation process, which has... in the public and private sector with ELSTAT tasked to compose the indicator. The new minimum wage
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Konstantopoulou dominates opposition politics as PASOK and SYRIZA struggle to make mark
PoliticsGreek PoliticsThe opposition parties have tried to play down the latest increase to the minimum wage, which..., where Labour Minister Niki Kerameus confirmed that the minimum wage would increase from 830 to 880... affair. Mitsotakis is hoping to follow up on the increase to the minimum wage, which has risen by more
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PM pledges higher wages for armed forces in bid to win over voters, own party
PoliticsGreek PoliticsHot on the heels of announcing the latest increase to the minimum wage, Prime Minister Kyriakos... to present on Wednesday, there would be wage increases for the armed forces. He argued that ensuring... and weapons. The details of the wage increases are due to be announced by Defence Minister Nikos
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Newsletter 500 - 27/03/2026
to €300 million. This was quickly followed by the scheduled announcement of the new minimum wage... experience. A worker with nine years of tenure will see their wage increase to €1,196 per month... are paid the minimum wage, and the new rate also applies to the public sector, covering around 500,000
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Greece braces for price shockwaves from Iran amid weakening purchasing power
EconomyMacroeconomyof the new minimum wage, effective from April, which rises by €40 to €920 gross per month, without any pay adjustments for work experience. A worker with nine years of tenure will see their wage increase.... Some 700,000 workers are paid the minimum wage, and the new rate also applies to the public sector
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Coalition adopts court ruling that restores judges' pay, others poised to follow
PoliticsGreek Politicsa decision issued last year by a special court that rules on wage issues. As such, the government... percent wage cuts imposed on members of the armed forces and emergency services. This leaves... public sector unions are pursuing efforts to overturn wage cuts but the government has sought to prevent
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BoG charts how crisis has affected private sector employment
Economyfor women and at -13 percent for men. However, the daily wage for women stands at 42.9 euros, which... shift work. In addition, 94,000 employees saw a wage reduction in their labour contracts in 2012, while nominal salary cuts implemented in 2012 affected 261,300 employees with an average wage
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Troika review begins with fiscal targets and tax breaks in focus
EconomyMacroeconomypercent wage cut on armed forces and emergency services that emerged from the Council of State... are not politically feasible. The troika is also reportedly insisting on a new wage structure in the public sector with an introductory wage at 586 euros (similar to the minimum wage in the private sector
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First signs from new Greek government point to awkward meetings with lenders
EconomyProgrammeis the restoration of the minimum wage in the private sector to 751 euros. The minimum wage currently stands... on collective wage bargaining. In addition, Alternate Minister for Social Security Dimitris Stratoulis... and increase age limits. Note that the upcoming decisions on the restoration of minimum wage
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