Labor
Minimum wage formula shift
A new mathematical formula to determine the minimum wage will apply from January 1, 2028 onward, will rely on inflation and productivity rates, and will be fully binding for the respective government. The regulation, which will be in the draft law of the Ministry of Labor, will not permit its reduction.
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Kyriakos Mitsotakis – Antonis Samaras – Kostas Karamanlis: The “appointment” at the Karamanlis Foundation in the midst of “freezing” relations
Kyriakos Mitsotakis: Focuses on everyday life – Thursday cabinet meeting on the new minimum wage
Britain urgently seeking to reset EU trade ties: Minister
Britain is urgently looking to reset its trading relationship with the European Union, and sees international commerce as key to reviving U.K. growth, Trade Minister Douglas Alexander has told AFP.
Alexander said Britain's 2016 vote to leave the EU caused "significant disruption" to its trade policy and the country needed to recalibrate its global trade outlook.
Pavlos Marinakis: Price reductions of 6% – 15% on 120 essential products in supermarkets
Government spokesperson Pavlos Marinakis began the briefing to political editors by discussing the implementation of price reductions on essential consumer goods, which are set to begin on supermarket shelves.
Greece’s minimum wage to have grown 46% by 2027
A first round of dialogue with all national social partners is under way, with the main topic of discussion being how much and how the minimum wage will increase after 2027, Labor Minister Niki Kerameus said on Saturday in an interview with Mega TV.
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Labor inspectors get busier
Labor inspectors have intensified their checks, looking for businesses that violate workplace regulations.
In a social media post, Labor Minister Niki Kerameus said Wednesday that there have been 7.4% more inspections and 15.1% more fines over violation, and an extra 15.1% in the amount of fines assessed over the first seven months of the year compared to the same period in 2023.
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Employers ask gov’t to continue incentives
The business world has asked the government to continue incentives for the companies in Türkiye on employment and production.
A delegation of the Turkish Confederation of Employer Associations (TİSK), led by Özgür Burak Akkol, chairman of the board of the federation, presented the demands of the business community to Vice President Cevdet Yılmaz at a meeting on Aug. 14.
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Türkiye expects more foreign investment soon, says VP
Türkiye has entered a phase where international companies are unveiling their investment decisions in the country, and more "good news" is expected to follow soon, according to Vice President Cevdet Yılmaz.
New interest in collective bargaining
The government wants to strengthen collective bargaining procedures, reversing a trend that saw sector agreements often ditched in favor of enterprise deals.
The government, having increased the minimum wage, has committed itself to raising middle-ranking private sector employees' wages, addressing concerns about stagnant incomes and the impact of inflation.
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