The Greek Prime Minister, Mr Kyriakos Mitsotakis, is expected to announce new increases in the private sector wages as well as some changes concerning the collective agreements, during this year’s Thessaloniki International Fair.
In addition to the new increase in the minimum wage, which is set to exceed 751 euros in 2023, the Greek Prime Minister is accepting suggestions for the restoration of the legal status that applied to collective agreements before the financial crisis and the memoranda.
In this way, he will mark the end of this difficult period and he will give the impetus for a more substantial increase in wages, meeting the long-standing demand of the General Confederation of Greek Workers that the level of wages should be determined through negotiations between the employers’ and the workers’ organisations.
Lifting the restrictions on collective agreements
According to these recommendations, after the country exits from the enhanced surveillance, the Greek Prime Minister could proceed to remove the restrictions imposed – through the memoranda – on the regime of collective agreements.
That is, to restore the responsibility of setting minimum wages to the signing of a national agreement between employers and employees. Restore the post-employment validity of collective sectoral agreements, as well as the principle of the most favourable contract.
All this, together with the new increase in the minimum wage – to be set above 751 euros as in 2012 – will mark the end of memoranda and the beginning of a new era in labour relations.
It is in the next days that we will see whether the Greek Prime Minister adopts these recommendations.
Latest News
Bank of Greece Governor Says EU will Retaliate to Trump’s Tarrifs
The Bank of Greece Governor defended the independence of central banks amid criticism from U.S. President-elect Donald Trump, who had publicly commented on Federal Reserve Chair Jerome Powel
September in Greece Winning Tourists Over from US, Germany
Tourists continue to visit Greece off-season into Sept. with the number of inbound travelers up by 6.6% and a 7.9% rise in travel receipts.
Bitcoin Surges Toward $100K Amid Pro-Crypto Optimism in US
According to Reuters, the cryptocurrency surged to an all-time high, briefly exceeding $96,898 during Asian trading hours.
Greek Driver Violations at a Touch of a Button
Traffic offences recorded in the last five years by Greece’s “Driver Behavior Control System” are now available on Gov.gr Wallet
Milan Tops List of Most Expensive Streets, Athens’ Ermou Holds Steady at 15th Place
In Athens, following Ermou Street is the southern suburb of Glyfada and Tsimiski Street in Thessaloniki.
New Gov.gr Service Enables Secure Reporting of Minor-Related Delinquency
It should also be noted that via the recently introduced initiative ‘Safe Youth’ application citizens have access to specially tailored informative material regarding the safety of children and adolescents
Thousands Strike in Athens Over Soaring Living Costs and Stagnant Wages
Inflation, particularly in food prices, has been crushing Greek households
Greece Overhauls Property Valuation System
Greece plans to launch a revamped property value registry in 2025 and overhaul the way objective values are calculated to enhance tax revenue and improve transparency.
Greece’s New Tax Bill Foresees Tax Relief Beyond Big Business
Tax relief measures in Greece are proposed for freelancers, property owners and farmers, along with 'big business'
Unions Call Nationwide Industrial Strike for Wed.
Mass transits are usually affected, especially in the greater Athens-Piraeus area, although bus and metro services are curtailed but not fully halted