Greece raises minimum wage for hundreds of thousands
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Greece will increase the minimum wage by 32 euros per month for hundreds of thousands of workers starting April 1, 2027.
The Ministry of Finance announced a gross increase of 40 euros, bringing the minimum wage to 960 euros monthly. While taxes and social security contributions will reduce the net increase, a reduction in employee contributions of half a percentage point will lessen the burden and maximize the final benefit.
Employees with less than three years of service will see their gross salary rise from 920 euros to 960 euros per month. After accounting for contributions of around 123.55 euros and income tax estimated at 33.21 euros, these workers will receive a net income of approximately 803.24 euros, an increase of 31.57 euros compared to their previous net income of 771.67 euros.
Workers with more than three years of service, who already received a prior increase for their seniority, will see their gross monthly salary increase from 1,012 euros to 1,056 euros, with a net income rising to about 868.89 euros from 835.04 euros, a net increase of 33.85 euros per month. By comparison, Romania’s current minimum gross wage is 823 euros, resulting in a net income of around 514 euros.
The European Commission forecasts Greece’s economy will grow by 1.8% in 2026 and 1.6% in 2027.
