Friday , August 12 2022
Home / Tag Archives: minimum wage

Tag Archives: minimum wage

Greek PM announces raise of minimum wage, unemployment benefit

Prime Minister Kyriakos Mitsotakis finally announced the much anticipated increase of the minimum wage as well as an increase of the unemployment allowance. “My decision today addresses the low-incomers and the unemployed,” he said in his televised message. The PM’s pre-Easter gift on Holy Wednesday is 50 euros more per …

Read More »

Minimum wage in Greece to rise by 2% as of 1.1.2022

The minimum wage for staff and laborers will rise by 2% as of January 1, 2022, Greece’s Labor Ministry said on Monday, following a decision by Labor & Social Affairs Minister Kostis Hatzidakis. The decision follows up on a cabinet approval in July. According to the ministry, the legal minimum …

Read More »

Greece raises the minimum wage by 2%, PM Mitsotakis announced

Prime Minister Kyriakos Mitsotakis announced on Monday the raise of the minimum wage by 2 percent. He made the announcement during a cabinet meeting. The minimum wage increases from 650 euros gross to …663 euros. Mitsotakis made the announcement during a cabinet meeting and said that the government decided to …

Read More »

Labor Ministry to open discussion on minimum wage

The Greek cabinet will have a discussion on the issue of minimum wage with a possible option for a rise, despite objections for a freeze by industrial institutions and business associations. Currently, the minimum wage in the private sector is set at 650 euros per month – with nominal salary …

Read More »

Tsipras announces 10.9% increase of minimum wage, to €650 from €586

Prime Minister Alexis Tsipras announced on Monday the much anticipated increase of minimum wage. During a cabinet meeting that was live broadcast, Tsipras said that the minimum wage will be increased from 586 euros gross to 650. He added that the sub-minimum wage for those up to 25 years old, …

Read More »

Greece’s lenders agree to increase of minimum wage: a bag of peanuts

Representatives of Greece’s lenders have reportedly given the green light for the increase of the minimum wage, an issue Prime Minister Alexis Tsipras has long promised to materialize. During a meeting with Labor Minister Efi Achtsioglou on Wednesday in Athens, the lenders have reportedly recommended a “cautious increase” in the …

Read More »

Greece to increase minimum wage as of 1. Jan 2019, announces Labor Minister

Minimum wage in Greece will be increased as of 1. January 2019, Labor, Social Insurance and Social Solidarity Minister Efi Achtsioglou announced beginning of the week. The relevant amendment was submitted to the parliament late on Wednesday in order to speed up the procedure The increase of the minimum wage …

Read More »

Gov’t priorities: Increase minimum wage, tax relief, no further pension cuts

Increase in minimum wage, tax relief, efforts to avoid the upcoming further cuts in pensions and the broadening of the tax-free basis. These are the targets of Greece’s coalition  government SYRIZA-ANEL now that the country has exited the last bailout program. The government targets for the next day is the …

Read More »

“Minimum wage hikes within 2018,” says gov’t spokesman

Greece’s government spokesman Dimitris Tzanakopoulos said that the coalition government plans wage hikes as part of a series of measures to counter the impact of austerity after Greece exits its third bailout in August. He appeared confident that the minimum wage will increase within 2018. “Preparations for the day after …

Read More »

Greece is the only EU country where minimum wage is lower than in 2008

Newly released Eurostat data on national minimum wages in the European Union have shown that while the minimum wage increased in all EU countries, in Greece it has decreased to level lower than in 2008. In ten countries, out of the 22 that have a national minimum wage, the amount …

Read More »

Wise Men proposal: Minimum wage for employees below 25 to be €434 gross, ie €364 net

The so-called Wise Men Commission suggested to Greek Labor Minister Giorgos Katrougalos to lower the minimum wage for young employees below 25 years old to merely 434 euro gross per month which is €364 net. According to the Wise Men’s findings, the minimum wage for this category of employees should …

Read More »

EU Commission works towards a EU-wide minimum wage

The idea of adaption of a European minimum wage is not new. European Commission President-designate Jean-Claude Juncker said in July 2014 that he would work towards the introduction of a minimum social wage in each member state of the EU. Two years later, the discussion on the issue is high …

Read More »

Greece’s labor market: “Galley conditions” as unemployment still at 24.2% and minimum wage is going down

I read today that unemployment in Greece dropped down to 24.2% in February 2016. In comparison, general unemployment was at 24.4% in January 2016 and 25.8% in February 2015. That’s definitely good news even though I am not sure about the correspondence of real people to a percentage difference of …

Read More »