In accordance with Article 39 of Law No. 5013\/2023 (Official Government Gazette A\u2019 2\/19-01-2023) on “Multi-level\u00a0 governance, risk management in the public sector and other provisions”, the deadlines for the submission of all the\u00a0 procedures for the increase in the minimum wage (written invitation on the part of the Coordination Committee of the\u00a0 public consultation, drafting and submission of the report, the transmission of the memorandum and documentation as\u00a0 well as of the report of the specialized scientific and research bodies to the Centre for Planning and Economic Research,\u00a0 along with the draft Consultation Conclusion and the recommendation of the Minister of Labour and Social Affairs to the\u00a0 Council of Ministers), in order for the new minimum wage increase to take place on 1 April 2023, instead of on 1 May\u00a0 2023, as was originally planned.<\/p>\n
The rate of increase of the minimum wage is expected to range from 5.5% (most likely scenario) to 9.5%, with a view to\u00a0 setting the minimum wage at pre-2011 national levels.<\/p>\n
Depending on the rate of increase, the overall cost is expected to shift from EUR 713.00 to EUR 752.00-\u20ac781.00, which\u00a0 entails impending increases in a variety of benefits and allowances dependent on the minimum wage (for example,\u00a0 unemployment benefits, managerial contract determination thresholds, and so on).<\/p>\n
With reference to the three-year periods of service completed by employees (triennials), and as it does not appear that\u00a0 the rate of employment will fall under the 10% threshold, it is not expected that they will be \u2018unfrozen\u2019 beyond 14 February\u00a0 2012.<\/p>\n