Income distribution

This can reduce the growing polarization between the rich and the rest, he thinks, quoted by NOVA TV. 

Frans Timmermans, the Socialist candidate for the European Commission's presidency, defended the idea of ​​introducing a minimum wage in Warsaw in all member states. This, in his words, can reduce the growing polarization between the rich and the rest.

Although for the last 10 years the average wage in Bulgaria has grown by almost 90% and the minimum - by 180%, Bulgaria remains the poorest country in the European Union and the inequalities between people continue to deepen. This picture was presented by the President of CITUB Plamen Dimitrov at a conference on social rights.

A European Commission report on the Greek economy released today calls for a swifter implementation of reforms and expresses concerns about the long-term impact on the budget of the government's minimum wage hike.

Romania is confronted with increased risks in the form of the current account deficit deteriorating and the increase of unit labor costs, and the recent government decisions have increased the risks in the financial sector and they could negatively affect private investment, the European Commission shows in the Country Report Romania published on Wednesday.

An 11 percent increase in Greece's minimum wage and the abolition of the so-called subminimum wage paid to young employees which were announced by Prime Minister Alexis Tsipras during a cabinet meeting early this week came into effect on Friday.

The announced increase of the minimum wage to 650 euros a month (gross) has generated concern domestically and abroad regarding the impact on the economy.

The announcement of the increase of the minimum wage, expected this week, is set to create a new social, economy and business landscape in Greece.

The increase of the minimum wage looks likely to be just over 8 percent, or 50 euros per month. The ministerial decision, which will be signed next week, is expected to lead to pay adjustments for more than 400,000 employees who receive the minimum monthly wage.

The heads of the creditors' mission to Athens have, according to sources, expressed concern about the abolition of the subminimum wage during their meetings with political party representatives.

The slowdown in the rate of job creation in the last few months of 2018 averted the achievement of an all-time high in new jobs, according to the official data of the Labor Ministry's Ergani hirings database.

In 2018 as a whole, 141,003 new jobs were created, according to the database, down from 143,545 jobs created in 2017, meaning that 2,542 fewer jobs were created last year.