The new minimum wage is set at 780 euros, as announced by Prime Minister Kyriakos Mitsotakis.
As Mr. Mitsotakis explained, this is an increase of 9.4% and he added that it will drag up the special allowances as well, such as the unemployment benefit.
As the prime minister pointed out, the increase is at the maximum margin of the country’s possibilities and reminded that the salary in 2019 amounted to 650 euros.
“Which means three extra monthly salaries have been added for 600,000 workers since then,” the PM said.
“I’m under no illusions, I know that wages are still low while being pushed further by imported inflation. I hear it especially from young men and women who are having a hard time,” the prime minister added.
Continuing, he said that “this new increase obviously does not solve the problem but it is a significant relief and above all it indicates our intention to upgrade salaries in both the public and private sectors”.
“I want to emphasize that the final amount that has been agreed is at the upper limit of our capabilities, it is, however, within the capabilities of the businesses that I want to remind that were supported by the government during the pandemic,” the prime minister explained.
Analyzing the reasoning behind the decision, he also stated that the national economy remains in strong growth momentum, stressing that unemployment is declining and taxes are being reduced. To add that “now is the time to support the workers with a new increase in the basic salary”. He closed by saying that “the dividend of development must be reaped fairly by all”.
Latest News
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
Yannis Vardinoyannis Assumes Post of Motor Oil Board President
He succeeds his father, Vardis, who passed away last week at the age of 91
PM Mitsotakis to Bloomberg: Our Majority Is Stable, Elections To Be Held in 2027
"The government has a solid 2.5-year mandate from the people to implement its policies," Mitsotakis stated