Even as inflation rates slowly declined compared to 2023 in most European Union countries, the average level of minimum wage increases has remained more or less the same over the past year. Five of the 22 European countries with a minimum wage have implemented a subsequent increase since the start of the year. Greece is one of those but had not raised its minimum wage since April 2023.
Five member states have hiked their minimum wage since January: Belgium (1.7%), Greece (6.4%), the Netherlands (3%), Poland (1.3%) and Romania (12.2%), compared with four last year. This increase, which took effect in April in Belgium, had been agreed long beforehand, during negotiations on the 2021-2022 interprofessional agreement. Greece also increased its minimum wage in April, as the government pursued its proactive policy in this area. Kyriakos Mitsotakis, the country’s Conservative...
You are reading this article thanks to your subscription to Mind Retail.
Explore new horizons by checking out our other verticals:
Do you have information to share with us?
Article authors
Nathalie Tran
Editor-in-Chief Mind HR