Minimum wage

PM announces minimum wage rise

Prime Minister Kyriakos Mitsotakis announced on Friday that the government will raise the minimum wage next month, for a third time in little more than a year. 

More specifically, Mitsotakis' conservative administration, whose four-year tenure ends in July, intends to raise the minimum wage by 9.4% to 780 euros per month, beginning April 1.

Greece to again raise minimum wage from April 1

The Greek government will raise the minimum wage next month, the third rise in more than a year, Prime Minister Kyriakos Mitsotakis said on Friday, months before its term ends.

Mitsotakis' conservative government, whose four-year term ends in July, raised the monthly gross minimum wage twice last year to 713 euros as households' incomes took a hit from persistently high inflation.

Walmart lifts wages at US stores again

Walmart announced on Jan. 24 it will again raise pay for hourly staff, an indication of persistent tightness in the labor market for front-line employees despite layoffs in the tech sector.

The retail giant, the biggest private employer in the United States, is boosting the pay range at U.S. stores to between $14 and $19 an hour from the prior $12 to $18 an hour.

Banks fear credit squeeze

Slovenian banks are sounding the alarm and urging the central bank to ease lending conditions after a significant increase in the minimum wage and new capital requirements have rendered much of the population ineligible for a mortgage.