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Greece Launches Public Consultation on New Minimum Wage Law

Greece’s Ministry of Labor has initiated a public electronic consultation on a new law aimed at incorporating the EU Directive 2022/2041, which sets standards for adequate minimum wages. The proposed legislation aims to boost the minimum wage from €830 to a targeted €950 by 2027 and includes provisions for public sector salaries and criteria for determining future wages. The consultation is open until November 21, 2024, encouraging feedback to refine the law before it is presented to Parliament for discussion and approval. Key changes include a mathematical formula to adjust the minimum wage transparently and consistently.

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