Displaying items by tag: minimum wage

At €1120.5, the cost of doing business for each low-paid worker is now €1120.5 after the increase in the minimum wage to €920 from April 1, while for employee, the net wage amounts to 771.7 euros after deducting social security contributions (123 euros) and the payroll tax (25.3 euros)

Greece is preparing to raise its minimum wage again, with a new rate expected to take effect on April 1, 2025. This would mark the fourth consecutive annual increase since 2022, following the government’s commitment to steadily improve incomes after a decade of austerity.

The new minimum wage is set at 780 euros, as announced by Prime Minister Kyriakos Mitsotakis.