Greece to increase minimum wage above 950 euros by 2027

minimum wage Greece economy pensioners public sector wages social security

Prime Minister Kyriakos Mitsotakis has announced plans to increase the minimum wage in Greece to over 950 euros, with projections suggesting it could reach between 970 and 980 euros by 2027. This move is expected to benefit approximately 1.3 million people, including 500,000 private sector employees and roughly 800,000 public sector workers through automatic salary adjustments.

The wage increase is anticipated to trigger higher payments for various social benefits, such as unemployment and maternity allowances. To offset the cost for businesses, the government is considering reducing employer social security contributions. Additionally, a new automated mathematical mechanism will be introduced in 2028 to calculate future wage adjustments based on economic indicators like inflation.

Regarding retirees, the government is exploring measures to expand the November allowance to cover nearly all 2.5 million pensioners in the country. While discussions regarding a 13th and 14th pension or salary have been noted, the government has indicated that such measures are currently not feasible due to an estimated 8 billion euro cost.

Entities

DYPA · Government of Greece · Greece · Kyriakos Mitsotakis · New Democracy · Thessaloniki International Fair · e-EFKA

Claims

What the coverage asserts, and how many sources carry each claim.

[● 2 SOURCES] The three-year seniority increment provides a 10% increase on the minimum wage. www.newmoney.gr · www.thepressroom.gr
[○ 1 SOURCE] A new automated mathematical mechanism for calculating the minimum wage will be implemented in 2028. www.thepressroom.gr
[● 2 SOURCES] Approximately 500,000 private sector employees will see salary increases due to the reactivation of three-year seniority increments in 2027. www.newmoney.gr · www.thepressroom.gr
[○ 1 SOURCE] The emergency financial boost for retirees, currently 300 euros, is being considered for an increase to between 400 and 446 euros.
[DISPUTED] Pension increases in 2027 are estimated to be between 2.7% and 2.8%.
[○ 1 SOURCE] An increase in the minimum wage will trigger upward adjustments in various benefits, including unemployment and marriage allowances. www.ethnos.gr
[○ 1 SOURCE] The minimum wage is expected to increase, potentially reaching between 970 and 980 euros. www.ethnos.gr
[● 2 SOURCES] Implementing a 13th and 14th salary or pension would cost the state 8 billion euros in total. www.ilialive.gr · www.rethemnosnews.gr
[● 2 SOURCES] The gradual reintroduction of the 13th salary is no longer being considered due to budgetary constraints. www.ilialive.gr · www.rethemnosnews.gr
[● 2 SOURCES] The government is considering expanding the November allowance to cover nearly all 2.5 million pensioners in the country. www.ilialive.gr · www.rethemnosnews.gr
[● 3 SOURCES] The minimum wage is projected to reach between 970 and 980 euros in 2027. cretaone.gr · www.tanea.gr · www.ethnos.gr
[● 2 SOURCES] The minimum wage hike will trigger upward adjustments in benefits such as unemployment and maternity allowances. cretaone.gr · www.ethnos.gr