Greece to raise minimum wage, aim to reach 950 euros by 2027

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29th March 2024 – (Athens) Greek Prime Minister Kyriakos Mitsotakis announced that the country will increase its minimum monthly wage from 780 euros to 830 euros as of 1st April. This marks the fourth such increase in the past five years, reflecting the government’s efforts to improve the economic conditions for low-income earners.

Since 2019, the minimum wage in Greece has risen by 27.7 per cent, starting from 586 euros. Prime Minister Mitsotakis emphasized that the government’s long-term goal is to further elevate the minimum wage to 950 euros by 2027, while also aiming to raise the average salary to 1,500 euros.

During the Greek debt crisis, which spanned from 2009 to 2018, the minimum salary was reduced to 586 euros as part of measures to enhance the country’s competitiveness. However, labour unions have argued that the government’s previous adjustments were insufficient to address the impacts of inflation on low-income workers.