Minimum wage

Real Minimum Wages declined in most EU Member States

Against the background of inflation affecting European countries, minimum wage workers in 15 out of 21 Member States with statutory minimum wages registered a decline in their wages in real terms between 1 January 2021 and 1 January 2022. This was despite comparatively large increases in nominal rates in the EU during the period.

Athens Chamber of Commerce: Increase of minimum wage with reduction of non-wage costs

Moving in the right direction is the increase of the minimum wage, as it strengthens the income of the low paid and at the same time can "breathe life" in to the market, as noted in a statement by the president of the Athens Chamber of Commerce, Giannis Chatzitheodosiou.

New minimum wage close to 703 – 710 euros

High expectations for the increase of the minimum wage, which may even exceed 6%, are cultivated by the government, while the process has entered its final stage with the Centre of Planning and Economic Research-KEPE today, Friday 15 April, to deliver to the Minister of Labor the conclusions of the dialogue between scientific and social actors.

Bulgaria’s Ministry of Finance: Minimum Wage will remain at BGN 710 until 2025

The minimum wage will remain at the level of BGN 710 (EUR 363) until 2025, it is clear from the draft of the new medium-term budget forecast of the Ministry of Finance. It envisages a lower rate of annual growth of pensions - from July 1, 2023, it will be 9.1 percent, and in the coming years, the indexation will be respectively 6.9 and 5.4 percent.

“Fast track” assessment of the economy in the midst of a general strike

Outstanding pensions, court decisions on retroactive pension amounts, raising the minimum wage and the financial productivity incentives of civil servants introduced by the government, are once again entering the crisis of the European institutions, according to the 14th assessment of the national economy.