News

Greece’s Minimum Wage Finally Set To Increase As Of January 2019

Date: 25.09.2018 / GreekCityTimes.com / Comments (0)

Greece on Wednesday submitted a draft amendment to parliament to speed up the process to raise the minimum wage for the first time since 2009.

The Labor Ministry tabled in parliament an amendment increasing the basic wage.
The draft bill sets out a time frame for the procedures to commence in the last ten days of September and wind up in the second half of January.

Earlier this week, Labour, Social Insurance and Social Solidarity Minister Efi Achtsioglou said that the hike to the basic wage will require four months to be completed.

Minimum wage in Greece will be increased as of 1st of January 2019, Labor, Social Insurance and Social Solidarity Minister Efi Achtsioglou announced at the beginning of the week.

The move comes a month after Greece emerged from its third international bailout.

The minimum wage was slashed by up to 32 percent to roughly 500 euros during the crisis as part of measures given by the country’s lenders to make the labor market more flexible and the economy more competitive.

The increase to the minimum wage will be concluded by January 2019, following consultations between employers, unions and the government, according to the draft law.

Greece had told its European lenders that it would reinstate the minimum wage process after the end of the bailout.

It added that “the immediate activation of the relevant process is imperative” and the minimum wage should reflect the country’s economic improvement.



http://greekcitytimes.com/2018/09/20/greeces-minimum-wage-finally-set-to-increase-as-of-january-2019/

Reviews & Comments


GPE360.com (GreekPropertyExchange.com) has relaunched as the top Greek real estate and property website portal dedicated to Greece and Cyprus’ industry. GPE360.com’s members include top real estate agents, realtors, individual sellers, FSBO, sale by owners, architects, developers, construction companies, lawyers, notaries and others that advertise residential (house, home, land, apartments, flats, villas, land, parcels and commercial listings for those looking to buy, sell and rent across all of the Hellenic Republic. GPE360.com is like the MLS database portal that is advertised in the top Greek diaspora and international markets around the world to those looking to invest - including Australia, the United States, Canada, United Kingdom, Germany, France, Spain, France, Europe, South Africa, Russia and everywhere else. Most foreigners start their home search in popular destinations like Mykonos, Chania, Crete, Athens, Thessaloniki, Cyclades, Santorini, Rhodes, Corfu, Ios, Lefkada and many more cities, prefectures and regions in Greece. GPE360.com has been featured in most Greek news media outlets and in some of the leading international publications in newspapers, magazines, websites, online news portals, television and radio. Notable publications featuring GPE360.com and its founder, Georgios Stroumboulis include the Wall Street Journal, G1 Brasil, India Today, Barron’s, El Mundo, Naftemporiki, Kerdos, Isotimia, Vradyni, Elefterotypia, Elefteros Typos, Imerisia, Ta Nea, Ethnos, Neos Kosmos, GreekReporter.com, PappasPost.com, Voria.gr, Parapolitika.gr, MetroGreece.gr, People Greece, NewsBeast.gr, Radio Neo Show, Antenna ANT1 Satellite TV, MEGA TV, Makedonia TV, Channel 9 (Το Α και το Ω των ακινήτων). GPE360.com is the only real estate website to have produced its own reality TV show called Hellenic Home Hunting (www.HellenicHomeHunting.com). Created, produced and edited by George Stroumboulis’ media company, BouliBrand (www.BouliBrand.com), this TV show caused an international media storm for controversy during the unstable economy period in Greece. Visit www.GPE360.com for the latest property listings and start your search, register for an account to sell or simply browse our news. Stay connected with us on Facebook (www.facebook.com/gpe360), Twitter (twitter.com/gpe360), LinkedIn (https://www.linkedin.com/company/greek-property-exchange-gpe-), YouTube (https://www.youtube.com/user/gpe360), and Instagram (www.instagram.com/gpe360/). Use the hashtag #GPE360 and #HellenicHomeHunting.



featured on the front page of

The Only TV Show Promoting
Greek Real Estate to the World!
WATCH FIRST SEASON