Greece to Increase Minimum Wage for Third Time to Tackle Inflation

Greek Prime Minister Kyriakos Mitsotakis has announced that the country will increase its minimum wage for the third time from April 1st in response to high inflation and its impact on household incomes.

The basic wage will increase to 780 euros per month, a 9.4 percent increase, benefiting around 600,000 workers. While Mitsotakis acknowledged that wages in Greece are still low and impacted by imported inflation, he stated that the increase would offer significant relief and demonstrate the government’s commitment to improving salaries in both the public and private sectors.

The Greek economy has been experiencing strong growth momentum and declining unemployment rates, with taxes being reduced. Mitsotakis believes that the time has come to provide relief to workers and increase the basic wage amidst this favorable economic environment. This move highlights the government’s efforts to address the challenges faced by the workforce and to tackle inflation.