Greece will raise its monthly minimum gross wage by 6.4% to 830 euros, the conservative government said on Friday, the fourth such increase in five years aimed at easing the burden on households squeezed by a higher cost of living.
Greece will raise its monthly minimum gross wage by 6.4% to 830 euros, the conservative government said on Friday, the fourth such increase in five years aimed at easing the burden on households squeezed by a higher cost of living.
Funds of more than 52 billion euros are to be mobilized in the construction sector (public, private projects and residential property building) in the period 2024-2026.
The increase in the minimum wage also creates pressures for salary increases for other employees in Greece, especially in small businesses and some industries, such as services.
The government has decided to raise the minimum wage to around 830 euros gross.
Minister of Labor and Social Security Domna Michailidou spoke about the government’s decision to proceed with the fourth consecutive increase of the minimum wage on radio station Parapolitika on Wednesday.
With less than two months to go before the start of the summer tourist season, industry operators are worried about the final number of workers who will drive Greece’s heaviest industry forward.
Demographics is a matter of “major importance” for Greece due to the serious challenges it causes both in terms of economic development and social stability, according to the Foundation for Economic and Industrial Research
Money from the Recovery Fund may be lost, especially on Crete, because mainly small and medium-sized contractors have been left without staff and cannot carry out the projects they have undertaken.
Europe moved a step closer to giving so-called gig economy workers at online platforms such as Uber and Wolt greater social and labour rights on Monday, although companies said little would change under the watered-down rules.
The third Upfront Initiative forum, themed “Visibility in Practice,” is taking place this Thursday at the Athens Conservatoire (Rigillis & 17-19 Vassileos Georgiou B), under the auspices of the Presidency of the Republic.
The latest data from the Cyprus Statistical Service (CyStat) reveal a positive shift in the country’s economic landscape.
The unemployment rate in Greece dropped to 10.5% in the fourth quarter of 2023, down from 10.8% in the third quarter of the same year and 11.9% in the fourth quarter of 2022, according to the results of the Labor Force Survey for the fourth quarter of 2023, announced by the Hellenic Statistical Authority (ELSTAT) on Thursday.
A program launched a year ago providing subsidies to companies to hire former drug addicts, ex-convicts, victims of gender-based violence and human trafficking, and others to assist them in re-entering the labor market has reportedly been crowned with success.
Working pensioners have four months to apply on the special platform of the Single Social Security Entity (EFKA) to have the 10% special contribution deducted from their wage which will eventually lead to an increase in their pensions to the tune of up to 3,500 euros annually.
This year may be the sixth since Greece’s emergence from the bailout mechanism, but the return of incomes to pre-2010 levels is far from being a reality.
Labor inspectors in Greece report situations that beat even the most imaginative screenwriter of crime series.