Greece
Economy
Minimum Wage in Greece: A Tale of False Promises and Hopes
The Greek government announced on Monday that from January 1, 2022 the minimum wage in Greece will increase by 2 percentage points.
Economy
Greece's Creditors "Concerned" About Minimum Wage Hike
Greece’s creditors expressed deep concern on Thursday over the recent decision by the government to increase the minimum wage by 11 percent, according to reports.
"Not even the Greek experts had proposed a minimum salary hike of 11 percent," an...
Economy
Greece Raises Minimum Wage to €650, Nixes Sub-Minimum for Under-25s
Greek Prime Minister Alexis Tsipras announced on Monday that the nation will raise its minimum wage to €650 ($745) per month, and his government will abolish the ''sub-minimum'' wage which has been paid to those under the age of 25.
Tsipras declared...
Economy
Greece to Raise Minimum Wage in February
The Greek government will increase the minimum wage effective February 1st, according to Labor Minister Effie Achtsioglou. She announced the measure on Friday in an interview with the News 24/7 radio station in Athens.
"The increase will be implemented as...
Economy
Greece Lags Behind in Minimum Wage, Purchasing Power
Greece is close to the bottom among countries regarding the minimum wages earned by workers, and Greeks have little real purchasing power, according to data from Germany's Wirtschafts-und Sozialwissenschaftliches Institut (WSI).
Greece's low ranking is attributed mainly to the economic crisis the nation has...
Economy
Greece to Raise Minimum Wage First Time since 2009
The Greek government on Wednesday tabled to parliament a draft amendment to increase the minimum wage for the first time since 2009, when the economic crisis started.
Labor Minister Efi Achtsioglou is to submit the amendment to parliament today (Thursday)...
Greece
Greece's Tsipras Vows to Raise Minimum Wage
The priority for the government will be to regulate the labour market and increase the minimum wage, Prime Minister Alexis Tsipras said on Friday, addressing the new cabinet formed after the recent government reshuffle.
This was the first cabinet meeting...
Economy
Greece Wants to Raise Minimum Wage, Says Minister
The government's aim is to increase the minimum wage, Labour Minister Efi Achtsioglou stated on Monday while speaking to Greek public broadcaster ERT.
Achtsioglou said that once collective labor agreements are restored in August, something that has been already legislated,...
Economy
Greek Minimum Wage Fell by 19.5 Percent Since the Start of the Crisis
Greece holds the record for the sharpest slide in the minimum wage levels from 876.62 euros at pre-crisis levels to 683.76 euros (current rate). In the last eight years from 2008-2016, the minimum wage has been slashed by 19.5 percent in...
Economy
Minimum Wage Drops Further in Greece
Minimum wage has dropped further in Greece, putting the country in 12th place among European Union member states, according to the latest Eurostat figures.
The new ranking puts Greece above Portugal and the former Eastern Bloc countries, while Spain and...
Greece
Desperate Greeks Signing Contracts that Pay Less than Minimum Wage
As unemployment soars in Greece, new employment contracts for Greeks desperately seeking work are emerging.
The Ergani database system of the Greek Labor Ministry records the flow of employment across Greece in terms of region, sector, company size and contract type, among...
Economy
Greek Labour Min: Gov't Will Implement its Pledges on Minimum Wage and Collective Contracts
The Greek government's pledges for minimum wage and collective contracts will be implemented, Greek Labour Minister Panos Skourletis on Tuesday reassured addressing an event on the occasion of the World Day for Safety and Health at Work.
Skourletis stated that...
Economy
Eurostat: Minimum Wages up in EU Except Greece in 2015
Greece is the only EU member-state where its nominal gross minimum wage fell in 2015 compared with 2008, to 684 euros from 794 euros, a decline of 14%, Eurostat said on Thursday.
In a report on minimum wages in the...
Business
ESEE: Raising Minimum Wage Will Boost Greek Economy
The National Confederation of Greek Commerce (ESEE) appeared supportive toward the newly elected Greek government's proposal to gradually restore the country's minimum wage to 751 euros. In a statement issued on the matter, ESEE estimated that such a development will...
Economy
Restitution of Minimum Wage, Layoffs Cancelled, Health Insurance for All, Citizenship to Immigrant Children; Some of First Reforms by Coalition
The restitution of minimum wage, granting citizenship to children of immigrants born here, the rehiring of public sector employees unduly laid off, were some of the reforms that will be implemented immediately, as reported after the first cabinet meeting.
Labour...