Minimum wage
Gov’t hails reduction of unemployment
The decline of the unemployment rate in Greece to 9.2% in December 2023, three percentage points lower than in December 2022, was the topic that government spokesperson Pavlos Marinakis chose to begin his press briefing on Monday, noting that 102,000 jobs have been created in the past year.
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Retail prices rise 6.7 percent in Istanbul
Retail prices in Istanbul rose by 6.7 percent in January from a month earlier, accelerating from the 3.5 percent monthly increase recorded in December 2023.
The annual increase in retail prices quickened from 74.9 percent to 76.2 percent, the data from the Istanbul Changer of Commerce (İTO) showed.
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Nicosia ups minimum salary to €1,000
Cyprus' Ministry of Labor and Social Insurance has announced a significant rise in the national minimum salary, effective this January, in a move aimed at bolstering the income of low-wage earners.
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Concerns Rise as Small Consumer Basket in Bulgaria Sees 5.9% Price Hike
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.
Earlier minimum salary hike
The acceleration of the process of determining the minimum salary, in order for the increase to be implemented earlier and to support employees in practice, will be one the first interventions by the new Minister of Labor, Domna Michailidou, as she tells Kathimerini.
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GSEE union to convene on Saturday on multiple labor issues
The General Council of the General Confederation of Greek Labor (GSEE) is to convene on Saturday, at the Radisson Blu Park Hotel in Athens, to decide on GSEE's response to the problems facing Greek workers and Greek society as a whole.
Vucic: Serbian average monthly wage to exceed 1,000 euros next year
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.
Minimum salary raise set to come earlier
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."
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Greek Minimum Wage Set to Increase to 820 Euros in April
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 factors that will shape salaries this year
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.
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