Minimum wage

The Plenary of Cyprus' House of Representatives approved the supplementary state budget amounting to 361 million euros on Thursday, with criticism against the government's agreement for the purchase of the Metropolitan building in Nicosia, which will house the Ministry of Labor and Social Insurance.

Devlet Bahçeli, the leader of the Nationalist Movement Party (MHP) has said that the 25 percent increase in pensions has not been seen as satisfying and called on the government to make a further rise.

Although tourism activity has rebounded with the COVID-19 pandemic-related troubles put behind, the industry is now facing another problem: Labor shortage.

Turkish hoteliers are trying to overcome this problem by hiring workers from other nations, such as Turkic countries and even from Indonesia, even though this costs them more.

The lowest salary of Türkiye's civil servants will be increased to 22,000 Turkish Liras, Labor and Social Security Minister Vedat Işıkhan has said.

The government is currently working on civil servants' pay and improvements in pensions, Işıkhan told reporters.

Setting the minimum salary at 950 euros per month, from €780 today, and the average at €1,500 from €1,176.5 in end-2022 and €1,184 in end-May, is one of the key objectives of New Democracy, which is widely expected to win another four-year term in the elections this Sunday.

The new minimum wage has been increased by 34 percent from 8,506 Turkish Liras to 11,402 liras (around $483), Labor and Social Security Minister Vedat Işıkhan has announced.

A special commission tasked to determine an adequate hike in the minimum wage for more than 7 million workers held a second meeting on June 19.

The first meeting of the Minimum Wage Determination Commission took place on June 13.

A commission is set to hold its first meeting later this week to discuss a hike in minimum wages for millions of workers.

Representatives from the government, labor union Türk-İş and the Turkish Confederation of Employers' Association (TİSK) will gather on June 13 at the Labor Ministry.

The Slovenian central bank will relax its restrictions on retail lending in July to make loans more accessible to individuals whose earnings range from minimum to average pay.

The minimum level of creditworthiness, now set at 76% of the gross minimum wage, will be based on the level of essential living expenses, while taking into account certain additional factors.

The number of part-time workers in Greece is decreasing, albeit slowly, which is a determining factor for the incomes of Greek households.