Greek Prime Minister announces minimum wage increase to 920 euros

Greek Prime Minister Kyriakos Mitsotakis has officially announced a rise in the national minimum wage to 920 euros per month. This change represents a monthly increase of 40 euros compared to the previous year. This adjustment marks the sixth consecutive increase since 2022, resulting in a cumulative growth of 41.5% since 2019. The government stated that the raise will also impact seniority-based pay increments, public sector salary tiers, and various social benefits. Officials estimate that the cumulative annual benefit for employees is equivalent to nearly half a monthly salary. The policy aims to align with broader economic adjustments in the Greek labor market. The implementation details and specific impact on the private and public sectors are expected to be formalized shortly. This measure remains part of the government's ongoing strategy for wage reform.