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The announcement marks the fifth increase in the minimum wage since 2019, reflecting the government\u2019s ongoing efforts to bolster workers\u2019 incomes and stimulate economic growth.<\/p>\n
The new minimum wage will rise from its current level of \u20ac830, representing a 6.02% increase. Alongside this, the minimum daily wage will also see a proportional hike, moving from \u20ac37.07 to \u20ac39.30. Mitsotakis emphasised that the measure aims to enhance workers\u2019 disposable income, boost purchasing power, support livelihoods, and further drive Greece\u2019s economic recovery.<\/p>\n
This latest adjustment brings the cumulative increase in the minimum wage since 2019 to an impressive 35.4%. According to the Prime Minister, this translates to a gain equivalent to roughly five additional minimum wages from 2019 levels per year for workers. \u201cThe total increase of 35.4% since 2019 is nearly double the cumulative inflation rate of 18.1% over the same period,\u201d Mitsotakis noted. \u201cThis means the real income of workers is being significantly protected.\u201d<\/p>\n
Greece now ranks 11th among the 22 European Union member states with a statutory minimum wage. Looking ahead, the government has set an ambitious target of raising the minimum wage to \u20ac950 by 2027, signaling a continued commitment to improving living standards.<\/p>\n
The announcement has been met with optimism as part of a broader strategy to strengthen the Greek economy, which has been steadily recovering since the challenges of the past decade. For Greek workers, the increase offers a tangible boost amid global economic uncertainties.<\/p>\n
(Source: To Vima)<\/p>\n<\/p><\/div>\n<\/p><\/div>\n