Greece Raises Minimum Wage by €50 Per Month

Greek Prime Minister Kyriakos Mitsotakis today announced a €50 increase in the country's monthly minimum wage, effective April 1st, from €780 to €830 per month.

The decision came during a cabinet meeting held in Athens, emphasising its role in supporting workers without compromising the nation's economic stability or hindering business competitiveness.

Alongside the increase in the basic wage, Mitsotakis disclosed raises in 18 other benefits, marking an increase for 600,000 employees. Additionally, workers entitled to periodic raises based on seniority will also see increases in their wages.

Setting an ambitious target for his government's tenure, Mitsotakis reiterated plans to elevate the average salary to €1,500 and the minimum wage to €950 by 2027, coinciding with the conclusion of his second term in office.

The Prime Minister underscored the significance of this wage hike in bolstering family incomes while maintaining a delicate balance to prevent undue strain on production costs. Despite prevailing challenges, Mitsotakis affirmed the government's unwavering commitment to enhancing the quality of life for citizens, particularly amidst concerns regarding rising prices.

The government faces mounting pressure to address the cost of living crisis exacerbated by inflationary pressures. Recent polling conducted by Metron Analysis for Mega TV identified high prices and economic conditions as the foremost concerns among participants, signalling the urgency for responsive action from policymakers.

(Source: Amna)