ECONOMY

Staikouras says many pensions to rise by 7.5% in new year

Staikouras says many pensions to rise by 7.5% in new year

Many pensioners can expect to see their pensions increase by about 7.5% next year, Finance Minister Christos Staikouras said on Saturday.

Staikouras said the increases would benefit 2.3 million citizens, the vast majority of whom are pensioners on low incomes.

In a television interview with private broadcaster SKAI, the minister also said that the government will legislate for the third increase in the minimum wage in first half of the new year.

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