Greek Prime Minister Kyriakos Mitsotakis announced a minimum wage increase to €880, effective April 1, 2025, during a Cabinet meeting. This 6.02% rise from €830 aims to enhance workers’ purchasing power and support Greece’s economic recovery, marking the fifth such hike since 2019. With a cumulative increase of 35.4%, nearly double the inflation rate, the government targets a €950 minimum wage by 2027, placing Greece 11th among EU nations with statutory minimum wages.
Tag: income
A cappuccino in Athens costs nearly the same as in cities like Stuttgart and Antwerp, yet Greek salaries are roughly half of those in Germany and Belgium. This disparity highlights the affordability challenges faced by Greek consumers, where a daily cappuccino can represent a significantly larger percentage of their monthly income.
Greece is considering a new legislative regulation to exempt tips below a certain threshold from taxation, following a Supreme Court ruling that classified all tips as taxable income. The proposed regulation aims to provide relief for employees and businesses affected by the recent decision.
Cristiano Ronaldo reigns as richest athlete, but where does Giannis Antetokounmpo rank? Explore the top earners across sports like basketball, football, tennis & more!
The decline of the unemployment rate in Greece to 9.2% in December 2023, three percentage…
Artists and other professionals in the fields of the arts and culture (including tour guides),…
As Greece commenced its fourth attempt since 1975 to make changes to the country’s Constitution,…
A senior Greek government official announced that pre-legislated pension cuts will not be applied as…