Tag Archives: minimum wage

The minimum wage will be set at 780 euros gross from April 1, Prime Minister Kyriakos Mitsotakis announced οn Friday. This corresponds to an increase of 9.4 percent. Monthly minimum wage is currently 713 euros gross. With the increase from April 1, and the rise to €780, the net income …

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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 …

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The majority of workers in Greece has cut on basic food products and heating, while 3 in 10 declare insecurity to maintain their job, a survey conducted by Alco on behalf of the General confederation of Greek Labor (GSEE) and the Labor Institute has found. Solution to the current economic …

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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 …

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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 …

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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 …

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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, …

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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 …

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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 …

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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 …

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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 …

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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 …

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Greece’s labor minister Efi Achtsioglou might have shocked German journalists during a press conference in Berlin on Thursday. She said that in times of bailout agreements, the minimum wage fell by 22% and by 32% for young workers under 25 years old. “Greece is now a country with low minimum …

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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 …

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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 …

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What if we hear again and again, International Monetary Fund officials saying “we have made mistakes with the Greek program” and the usual stuff. The IMF keeps up its neo-liberal policies and will keep them up till the end of the days. In a report, the IMF insists on considering …

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Companies systematically evading taxes will soon see a padlock on their doors for 30 days. This new kind of fine to Greece’s tax evaders was announced today by the General Secretary of Public Revenues. The same fine will be imposed to company owners who prohibit tax inspectors from conducting inspections …

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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 …

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Everyone who lives in Greece knows that there are no jobs. And that if there are any, they are badly paid. Not so much because of the low salaries but because full-time jobs have become a rarity. Part-time jobs prevail and rule the Greek labor market. Almost half a million …

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Greek government sent a 47-page long draft plan to the creditors on Monday. In the lost list of austerity reforms the government has among others: privatizations and early retirement,  debt restructuring and Primary Surplus 2015-2018, tax revenues, minimum wage and collective bargain. The signals from the country’s creditors were rather …

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