Greece’s Minimum Wage Set to Rise by 46% by 2027

Discussions are currently underway with national social partners focusing on the trajectory for further increases in the minimum wage post-2027, as stated by Labor Minister Niki Kerameus during her recent interview with Mega TV.

Kerameus highlighted that the prime minister has already outlined a four-year plan, which targets raising the minimum wage to €950 by 2027. This marks a 46% increase from the €650 baseline when New Democracy assumed leadership of the nation.

In parallel, the minister addressed the forthcoming pension increases slated for implementation beginning January 2025. She emphasized the government’s ongoing commitment to enhance the disposable income of citizens, particularly for pensioners, following the economically challenging years of the crisis.

According to Kerameus, there has been a cumulative pension increase of over 13% during the past three years. She further mentioned that starting January 1, 2025, pensioners will see a uniform increase of between 2.2% and 2.5%. The precise adjustment will be determined based on financial data to be released in November, which are currently anticipated to be positive.

Source: GCT–Bill Kouras