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  1. Disposable income rises by 4.1 pct YoY in Q3, final consumption grows 1.8 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    in unemployment, along with wage and pension cuts. Reduced salaries in the private sector were mostly..., reduced minimum wage and a gradual shift towards part-time and flexible work over full-time... is planning to raise the minimum wage after almost a decade, as well as abolishing the sub-minimum

    5%

  2. New Democracy counters SYRIZA's offensive, unveils renewal effort
    Photo via @kmitsotakis

    PoliticsGreek Politics

    on the increase to the minimum wage and the bond issue, New Democracy is attempting to wrestle back the initiative... latest developments, the minimum wage being raised by 11 percent to 650 per month and the over..., the government is attempting to confront both of these criticisms head-on. The minimum wage increase

    5%

  3. Moody's raises Greece two notches to 'B1' but highlights challenges for further upgrades
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    Ministry, employment contracts are becoming more flexible and wage bargaining is increasingly at the firm level. Moody's raises caution over the decision to increase the minimum wage by 11 percent, exceeding the experts group's recommendation of 5-10 percent, if it translates into high wage increases

    5%

  4. Disposable income rises by 1.7 pct YoY in Q4, final consumption grows 1.4 pct
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    with wage and pension cuts. Reduced salaries in the private sector were mostly the result of “voluntary... wage and a gradual shift towards part-time and flexible work over full-time positions. In the public... the minimum wage after almost a decade, as well as abolishing the sub-minimum wage. Social

    5%

  5. Disposable income rises by 4.9 pct YoY in Q1, final consumption up by 0.2 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    compensation has fallen by 3.8 percent since 2012 due to a sharp rise in unemployment, along with wage...” downward adjustments in employees’ gross wages, new collective labour agreements, reduced minimum wage... of the sub-minimum wage, and an increase in minimum wage for most workers. Social contributions

    5%

  6. Labour market developments in Greece during Covid-19
    Photo by MacroPolis

    Agora

    such as vocational training, business licensing, wage policy and collective bargaining procedures. It is helpful..., wage moderation, less early retirement, and guarding against excessive taxation of spouses... participation, and wage demands should be moderate until unemployment falls to much lower levels. Tri

    5%

  7. Newsletter 309 - 24/09/2021

    Newsletters

    covered a wide range of issues and included an 800-euro minimum wage, tax relief, easier access to higher... scrap the legislation passed by the current government, boost the minimum wage and launch a pilot 35-hour working week that would not entail wage reductions. These proposals also coincided with a furore

    5%

  8. The quarterly national accounts from the income side
    Photo by MacroPolis

    Agora

    in Greece as compared with the euro-zone partners. The wage share has been around 34 percent in Greece.... The differences in the wage share and the profit share in Greece and the euro-zone average are shrinking... suggests that, at the recent pace, it will take 20 years up to around 2040 for the wage share in Greece

    5%

  9. Mitsotakis targets inflation on path to elections in 2023
    Photo via www.primeminister.gr

    PoliticsGreek Politics

    that the second instalment of the minimum wage increase will be implemented on May 1, which is earlier than... to move ahead quickly with the minimum wage increase, after the first instalment of 2 pct on Jan 1... minimum wage to 663 euros. Mitsotakis did not give details about how big the second increase

    5%

  10. PM unveils 1.1-billion-euro anti-inflation package to opposition scepticism
    Photo via www.primeminister.gr

    PoliticsGreek Politics

    after the 10-year crisis, reiterating the government’s pledge for a second rise in the minimum wage... consumption taxes, as well as bumping up the minimum wage from 663 euros to 800 euros. In a separate...) which found that minimum wage workers had lost 12.1 pct of their spending power in January compared

    5%