Sign in
Stories
Greece Boosts Minimum Wage Progressively
Share
Greece's Economic Growth and Recovery
Greece's Wind Farm Controversy
Greek Debt Outperforms Investment-Grade
Athens Free Guided Tours Return
EU Election Impacts Climate Action
Greece and Turkey Renew Relations
Overview
API
Greece announces a 6.4% increase in the monthly minimum wage to 830 euros, with plans to further raise it to 950 euros by 2027. Prime Minister stresses the positive impact on workers and the economy, targeting an average wage increase to 1,500 euros by 2027. The country's economy showed growth of 2% last year and is expected to grow by 2.9% in 2024, fueled by tourism, investments, and domestic demand.
Ask a question
How might the increase in minimum wage impact the overall labor market and employment rates in Greece?
How might the wage growth in Greece influence the country's competitiveness within the European market?
What measures is the government taking to ensure that businesses can cope with the rising wage costs?
Article Frequency
0.2
0.4
0.6
0.8
1.0
Dec 2023
Jan 2024
Feb 2024
Coverage