Greece to increase minimum wage for third time in a year

·

The Greek government is examining the prospect of raising the minimum monthly wage to €780 from the current €713 level to reduce the effects of rising inflation. This will be the third increase in a row in the last one year. 

Labour and Social Affairs Minister Kostis Hatzidakis announced that he intends to introduce an amendment in the parliament in the next days and he will inform all the stakeholders regarding the timetable of the deliberations.

“As we did last year, a balanced solution will be found that will lead to a substantial and fair increase of the minimum wage, which will combine two parameters: easing the pressure on households and boosting the competitiveness and resilience of businesses, which are also suffering as a result of the international crisis,” the minister said according to amna.gr.

Mr Hatzidakis also spoke about the unemployment in Greece and he stressed that “we received an unemployment rate of almost 17.5% and today it is 11.4%. This 6.1% drop was not automatic but it was the result of our policies in the tax, fiscal, labour and insurance sectors”.

Source: amna.gr

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Matt Pillios named Kay & Burton’s 2025 Victorian Agent of the Year

Star real estate agent Matt Pillios has reclaimed his place at the top, being named Kay & Burton’s 2025 Victorian Agent of the Year.

Greek astronomer to present at Melbourne seminar on preserving the stars

For millennia, humanity has looked up in awe at the night sky, finding in its silent beauty a profound source of inspiration.

Historic Plaka landmark from iconic Greek film to be restored

The “Kokovikos House,” is named after the fictional couple in Giorgos Tzavellas’ bittersweet classic starring Konstantinou and Kontou.

Melbourne’s Sunday morning strollers walk, talk and keep Greek alive

On a crisp Sunday morning at Merri Creek, a group of walkers from the Sunday Morning Strollers, winds its way along the leafy green trail.

A sweet favourite: Niki Louca’s authentic baklava recipe

Niki Louca from My Greek Kitchen shares her favourite recipe for baklava with The Greek Herald.

You May Also Like

Harrison Kitt suffered ‘mental impairment’ during crash which killed Joanne Shanahan, court hears

A court has heard there is "unlikely to be any debate" that a man suffered "mental impairment" during a crash that killed two women last year.

Sydney play to shine light on Jews from Rhodes set against backdrop of the Holocaust

Sydney’s most beloved Jewish performers bring to life Vic Alhadeff OAM’s play ‘Torn Apart by War’ at Australia’s largest synagogue.

Newcastle Jets agree transfer fee for Stamatelopoulos to European Club

The Newcastle Jets has confirmed the departure of striker Apostolos Stamatelopoulos to a European Club for an undisclosed fee.