Greece sets minimum wage path to €1,000 by 2028 with new mechanism

The Greek government has committed to raising the minimum wage to €1,000 by January 1, 2028, with two increases in 2027: one by government decision on April 1 and another in June under a new determination mechanism. The mechanism will set the wage by December 2027 based on two indicators, and a reduction in contributions is planned for the coming year. This is a domestic policy development with no direct market impact.