Labour law

Several major tech companies are reshaping their workforce dynamics at the beginning of 2024, with eBay becoming the latest to announce substantial layoffs. The decision to cut 1,000 jobs, despite the company's robust profits, adds to a growing list of tech giants implementing significant workforce reductions this January.

BELGRADE - The average monthly wage in Serbia will exceed 1,000 euros in a year and two months' time, President Aleksandar Vucic said on Wednesday.

The new, increased minimum salary is expected to be implemented this year from April 1, earlier than planned, with the new minister of labor and social security, Domna Michailidou, announcing the filing of an amendment to speed up the process "so that the new increase can be taken into account for the tourism season."

In a move to address economic concerns and improve the standard of living for workers, the Greek government is set to increase the minimum wage by approximately 5%, raising it from the current 780 euros to a range of 820-830 euros.

The first increase in the salaries of civil servants after 14 years, the unfreezing of the step-up period for the salaries of 100,000 private-sector workers on the minimum wage, as well as the prime minister's pledge to set the average monthly salary at 1,500 euros by 2027, are three factors that will determine the actual rate of salary growth this year.

Croatia has ushered in a new fiscal landscape, as nine tax laws come into effect on January 1, boosting the minimum wage to 830 euros, as reported by Croatian Prime Minister Andrej Plenkovic.

With the start of the new year, several significant changes and regulations have come into effect across Bulgaria, impacting various aspects of daily life and welfare.

1. Minimum Wage Increase: The minimum wage sees a substantial hike, climbing from BGN 780 to BGN 933 (EUR 476), resulting in a net pay of BGN 723.99 after deductions.

Treasury and Finance Minister Mehmet Şimşek has said in a New Year's message that the positive results of the government's economic program will be achieved in 2024.

The monthly met minimum wage will be 17,002 Turkish Liras ($578) in 2024 for millions of employees, Labor and Social Security Minister Vedat Işıkhan has announced.

The new minimum wage level is 49 percent higher compared with July, when the wage was increased in a mid-year adjustment. It marks a 100 percent hike from January last year.

The Greek economy currently needs workers, especially in sectors such as agriculture, where the shortages are great. 

The logical option would be to give work permits to foreigners, many of whom are already working in the country as undeclared laborers.