Discussions are underway this Sunday for the new minimum wage increase, effective April 1.
Initiated on February 5, the process involves consultations scheduled to conclude by March 22, presenting recommendations to set the minimum wage.
This marks the fourth consecutive increase by the government, from 650 euros in 2019 to €780 in April 2023.
Soon price reductions on the shelves – The Prime Minister said in the interview he gave to Star that the minimum wage will be over 800 euros
The road to increasing the minimum wage to 950 euros and the average salary to €1,500 by 2027, as the government has pledged, is difficult and long.
According to academics and labor experts, the goal is hard to achieve even at nominal prices. As they say, after the increase in the minimum wage, the average has been set at €1,200.
The National Economy and Finance Minister, Kostis Hatzidakis, announced on Sunday that the minimum wage increase, set to exceed 800 euros, will be revealed by the end of March to take effect from April 1.
In an interview on SKAI TV, Hatzidakis emphasized the government's commitment to redistributing surplus in case of high growth rates.
The Institute for Social and Trade Union Research has revealed that the value of the small consumer basket, consisting of 20 essential products, witnessed a substantial 5.9% increase in 2023 compared to the previous year. This surge, from BGN 107.03 to BGN 113.72, has raised concerns about the economic well-being of the general population.