Home » today » News » The Greeks rejoice! They increase their minimum wage – 2024-10-12 20:43:00

The Greeks rejoice! They increase their minimum wage – 2024-10-12 20:43:00

From April 2025, the minimum wage in Greece will be set at approximately €870 gross. It is expected to gradually increase until the end of 2027. The Mitsotakis government has committed to set a minimum wage of €950 gross until the end of 2027, based on the projections of the finance team in the draft budget and the final proposal of the commission presented to the line minister , reported Bulgaria ON AIR.

Labor Minister Niki Kerameos predicted an increase in the minimum wage of at least 40 euros for private sector workers and a minimum of 20 euros for civil servants.

As of January 1, the scientific commission led by Professor Patrina Paparigopoulou proposes to maintain the current salary ratio between the private and public sectors. At the same time, however, an automatic adjustment established by law is introduced in relation to the minimum wage and daily remuneration based on a coefficient, which will be the sum of two indicators.

The annual percentage change in the consumer price index from July 1 of the previous year to June 30 of the current year for the bottom 20% of the household income distribution. Half the annual rate of change in the purchasing power of the general wage index over the same time period.

The Minimum Wage Commission proposes a gradual transition to a new minimum wage system. Until 2027, the current system will be applied, but with the addition of criteria that are taken into account when determining the statutory minimum wage and minimum daily rate. In particular, criteria such as the purchasing power of minimum wages and their adequacy, taking into account the cost of living, the general level of wages, their distribution and the rate of change, will be added.

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