Important update – new minimum wage increase in Greece is announced

Greece has a government-mandated minimum wage, calculated on the basis of 40 hours a week.

An announcement made by the Prime Minister on 17 March, confirmed that the upcoming increase in the minimum wage that will take effect on 1 April will be 9.4%, as opposed to 5.5%, which was the prevailing scenario. This comes as a response to the hit that Greek household incomes have been facing due to persistently high inflation.

Therefore, as of April 2023, the monthly gross minimum wage will be EUR 780, rather than EUR 713, which was the minimum wage (pre-tax) set in May 2022, following two previous increases. This change will also entail impending increases in a variety of benefits and allowances that are dependent on the minimum wage, such as unemployment benefits, managerial contract determination thresholds, and so on.