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  1. Government commits to uniformed personnel pay rises amid clamour for higher incomes

    PoliticsGreek Politics

    , coast guard and fire service to be awarded more pay following the recent announcement of wage.... The fifth increase to the minimum wage under the current administration kicked in on Tuesday and to mark... departments. The visit gave the ND leader the opportunity to underline that the minimum wage, now at 880

    4%

  2. Newsletter 463 - 23/05/2025

    Newsletters

    elections.EconomyGovernment hails rising wage data, but full picture tells more complex storyThe issue of wages resurfaced... to bring the average wage to 1,500 euros by 2027, and the data from the EFKA fund backs the numbers... minimum wage arrangements are often prominent. A recent study by the Parliamentary Budget Office

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  3. OECD sees stable growth path of 2 pct in 2025, long-term challenges persist
    Photo via http://www.oecd.org/

    EconomyMacroeconomy

    consumption, led by minimum wage increases, and robust investment from the RRF. However, slowing... oil prices. Risks to the outlook include potential delays in RRF disbursements, excessive wage growth... and public servants. The minimum wage was increased by 6 pct in April 2025 and will rise cumulatively by 8

    4%

  4. The social and economic conditions that helped Golden Dawn flourish

    Society

    released by the Hellenic Statistical Authority (ELSTAT) for the second quarter of 2013, the wage index is 19 percent below its 2010 levels. At the same time the minimum wage, which is now set

    4%

  5. Disposable income plunged 9.3 pct in Q2, dragging consumption down with it

    EconomyMacroeconomy

    in the minimum wage, along with the downward adjustment of salaries set by sectoral collective agreements and “voluntary” wage cuts at the enterprise level resulted in a cumulative drop of 29.6 percent

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  6. The euro debate Greece is not having
    Photo by Harry van Versendaal

    Agora

    . This places the wage negotiating advantage on the employers’ side due to the oversupply of labour pushing wages downward either via new collective agreements or wage negotiations at the enterprise level

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  7. Another dive for compensation in Q3 drags disposable income, consumption down
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    . The effect of the reduction in the minimum wage, the downward adjustment of salaries set by collective labor agreements and the widespread “voluntary” wage cuts in the private sector have resulted

    4%

  8. IMF report sees a number of risks lying ahead for Greece

    EconomyProgramme

    on past wage cuts and property levies, the uncertain impact of new tax policy initiatives... dismissals, industrial actions (rules on strike and trade union operations) and minimum wage

    4%

  9. Greek union data suggest workers get paid late or in kind

    Society

    almost one third of the monthly wage is paid in the form of coupons that can be used to buy food... hired on 1-month, 4-hour working contracts for 180 euros. This implies a wage of 2.25 euros per hour

    4%

  10. Most Greeks saw income fall over last year, limiting purchasing power
    Photo by MacroPolis

    Society

    with a wage of 1,500 to 2,000 euros. Although there has been a trend towards stabilisation over the last... that indicated an increase. The bulk of wage earners (84 percent) prefers products on offer and almost one

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