minimum wage

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...

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)...

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...

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,...

The European Federation of National Organizations Working with the Homeless (FEINTS) recently did a survey which revealed that Greeks are spending more of their income than any other EU country on housing costs. The costs taken into consideration are everything...

"Poor" Greeks are paying as much as "rich" Germans in order to put the daily food on the table, says a World Economic Forum report. The figures on food prices are compiled by the UN Food and Agriculture Organization, which...

On their first meeting with new Labor Minister Efi Achtsioglou on Tuesday, Greece's creditors insisted, as previously, on a larger percentage in mass layoffs. The chiefs of mission of the four institutions resumed talks with the Greek side on the...

On Monday evening the scene outside of the Greek parliament was a familiar one as some 7,000 trade union members gathered to protest in an effort to highlight the government's duty to protecting wages, pensions and to restore collective...

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...

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...