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

Sisterhood, Science and Strength: Zoe Haritopoulou-Sinanidou’s journey so far

At just 20 years old, Zoe Haritopoulou-Sinanidou is already leaving her mark on the world of biomedical science — and beyond.

Documentary screening in Canberra and Sydney highlights ANZAC-Greek connection

Two special screenings of the documentary 'ANZAC: The Greek Chapter' were held in both Canberra and Sydney.

Mary Coustas breaks comedy mould with first non-comedy role in over a decade

Mary Coustas, known for her comedic roles, is stepping outside her usual genre with her first serious role in 13 years.

Kazantzakis in Marrickville: A bold revival of Columbus at Sydney’s Hellenic Art Theatre

Stavros Economidis, founder of Hellenic Art Theatre, had his reasons for choosing to perform ‘Christopher Columbus by Nikos Kazantzakis’.

Art, Accountability and the Role of Institutions: Greek Centre hosts forum on Khaled Sabsabi

On Monday, the Greek Centre hosted a public forum ‘Who’s Afraid of Khaled Sabsabi? Art, Fear, and the Collapse of Institutional Courage.’

You May Also Like

Sydney doctor Peter Alexakis found guilty of malpractice

Sydney doctor Peter Alexakis has been found guilty of professional misconduct in NSW Civil and Administrative Tribunal (NCAT) this week.

‘Cowardly act’: Greek PM demands urgent probe into journalist’s murder

Greek Prime Minister Kyriakos Mitsotakis on Saturday demanded the "swift resolution" of a probe into a crime journalist's murde.

‘Wild Colonial Greeks’: Peter Prineas to launch new book at Mytilenian House

Sydney writer and historian Peter Prineas will be launching his new book, 'Wild Colonial Greeks', at the Mytilenian House in Sydney on Wednesday, March 3.