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
JP Morgan Revised Greece Outlook to ‘Overweight’
The investment bank notes that Greece is showing the strongest GDP growth in the Eurozone. Additionally, efforts to clear up bank balance sheets are anticipated to yield increased capital returns.
Vardis I. Vardinogiannis, Greek Tycoon and Shipping Magnate, Dies at 91
In 1990, Vardinogiannis was targeted in an attack which involved three rockets fired at his vehicle by the terrorist organization 17 November.
Kudos for Greek Sheep’s Milk Cheeses
Graviera is the Greek version of the Swiss gruyère, and is generally considered the second most popular cheese made in the country after feta
EIB Survey: Greeks Rank Climate Change as Top Concern After Cost of Living
Specifically, 98% of the Greeks surveyed stated that the country must to adapt to climate change, with 60% saying that priority should be given to these adjustment measures
Trump Tells Putin not to Escalate Ukraine War during Phone Convo
Meanwhile, President Joe Biden, is preparing to lobby Trump against abandoning U.S. support for Kyiv
Former Thessaloniki Mayor Yiannis Boutaris Dies at 82
Boutaris entered politics in 2010, serving as the 60th mayor of Thessaloniki for two consecutive terms until 2019, becoming a transformative figure with his progressive policies.
Greece Plans to Link Golden Visa to Startup Investments
The Greek government wants to decouple the Golden Visa Program from Real Estate investments
Greece Honored Country at World Travel Market (WTM) 2024
Greece held a prominent position within the exhibition space, with its main entrance adorned digitally in Greek colors.
Inflation in Greece Down to 2.4% in October, ELSTAT says
On a year-to-year basis, the average inflation in Greece from November 2023 to October 2024 increased by 2.9%, compared to a 4.2% rise during the same period the previous year
First-Ever Pop-Up American Space at a Sports Venue Opens at Georgios Karaiskakis Stadium
The new Pop-Up American Space was inaugurated at the Georgios Karaiskakis Stadium by US Amb. George J. Tsunis, Olympiacos FC President Evangelos Marinakis and the Mayor of Piraeus, Yannis Moralis