Minimum Wage Increase, Reduction in Social Security Contributions: What Will Apply and From when for Private-Sector Employees — See Examples
12 Articles
12 Articles
From April 1, 2027, the insurance contributions of employees in the private sector will be reduced by 0.5%.
Significant changes are expected to be initiated by the increase in the minimum wage to 1,000 euros by January 2028
The first interventions start from 2026, the main part of the changes goes to 2027, while the wage path is largely completed in January 2028.
The increase in the minimum wage to 1,000 euros, or to 1,300 over the three-year period until January 2028, is the most central intervention announced by the government staff for the…More...
The Minister of Labor and Social Security, Niki Kerameus, was asked today during an interview with ERTnews whether the minimum wage could be reduced if the economy does not perform well within 2 or 5 years. “This is prohibited, the law says so. There is an explicit provision that prohibits any […]
The increase in the minimum wage also brings about an increase in associated benefits and allowances such as unemployment benefit, maternity benefit, and overtime pay.
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