x

Economy

Mitsotakis Announces €50 Increase in Minimum Wage

ATHENS – Minimum monthly salaries will increase by 50 euros as of May 1, from 663 to 713 euros, Prime Minister Kyriakos Mitsotakis announced in a televised address on Wednesday evening.

Combined with the first pay raise that took effect on January 1, this latest increase equals a 9.7% increase compared with the minimum wage in 2021, expained the premier. He underlined that this means some 650,000 workers receiving minimum wage will essentially be receiving more than one extra monthy salary every year, besides Easter and Christmas bonuses.

Mitsotakis also noted that this decision, which was taken “in a spirit of responsibility and solidarity” towards workers, is a move that protects social cohesion and to prevent setbacks in the country’s progress so far. As he explained, he meets many young people who are paid the minimum wage in cities across the country. “The common anxiety I can see in everyone’s face is the high cost of living from the international energy crisis and the war in Ukraine – the prices of electricity, on the supermarket shelves, at the gas pump,” he said.

Wages “are still very low in our country,” he noted, as “the wounds of the ten-year financial crisis are yet to heal, while the global explosion of inflation rates is hitting the low-paid and the unemployed first.” He pointed out however that in the 33 months of his government “the unemployment rate has been reduced by 5 percentage points, despite the successive crises that have taken place during that time.”

Finally, the prime minister underlined that he has the utmost confidence in the potential of the country’s economy, “and above all in Greek workers.” The government serves the policy of “development for all,” and this increase is another step in that direction, he stressed.

RELATED

ATHENS — A little-known Greek anarchist group has claimed responsibility for an arson attack on an Italian diplomat's car at her home in Athens.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

Mitsotakis: Today’s Bill Comes to Define a New Field in Which Everyone Should Move

ATHENS - At the end of August 2022, I announced a legislative initative for the upgrading and modernisation of the protection, the operation of the security agencies and the operation of the communications and after the change in National Intelligence Service's (EYP) leadership and the establishment of double check to the legal intrusions," stated Prime Minister Kyriakos Mitsotakis addressing the parliament on Thursday during the debate on Justice Minstry's bill on the lifting of the communications confidentiality, cybersecurity and protection of the citizens' personal data.

PERTH AMBOY — People are asking questions about a storm protection proposal for New York and New Jersey that would be among the most massive and costly flood control projects ever done in America.

NEW YORK. A delegation of the Diaspora Sector of Greece’s ruling New Democracy party visited New York City December 1-4.

WASHINGTON — The House gave final approval Thursday to legislation protecting same-sex marriages, a monumental step in a decadeslong battle for nationwide recognition of such unions that reflects a stunning turnaround in societal attitudes.

LOS ANGELES — Comedian Jerrod Carmichael will host next month’s Golden Globe Awards, presiding over a boozy celebration of TV and film that is trying to make a comeback after being knocked off the air by scandal.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.