Increase of minimum wage brought forward to April 1, 2023

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The process for setting the minimum wage in 2023 is to be accelerated and brought forward so that the new basic wage can go into effect on April 1, in line with a pledge made by Prime Minister Kyriakos Mitsotakis, under a new labour and social affairs ministry amendment announced on Friday.

This stipulates that an invitation to specialist experts and research bodies to draw up a report for an assessment of the existing minimum wage will be sent out by January 20 and submitted by February 3 at the latest, that an invitation to the social partners to participate in consultation talks will go out by February 10.

By February 20, all relevant material will be sent to the Centre for Planning and Economic Research, which is tasked with producing an outline of the consultation report by February 28.

The labour and social affairs ministry must then submit its proposal for the basic wage to the cabinet by March 10.

Source: ANA-MPA

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