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Turkey: Accelerating inflation erodes minimum wage increase

Accelerating inflation in Turkey has pushed the poverty line to four times the minimum wage, according to a report by one of the country's largest labor organizations, cited by Bloomberg. Food inflation rose 7 percent in July...

Turkey: Erdogan announced a 29% increase in the minimum wage

An interim increase in the minimum wage - the first in six years - has been announced by Tayyip Erdogan as Turkish citizens continue to battle the spiraling cost of living. In particular, the monthly net...

The Central Bank predicts an increase in wages throughout the economy this year

By Dimitris Katsaganis Wages across the entire spectrum of the economy will go "uphill" this year, according to the forecasts of the Bank of Greece and which are reflected in its monetary report for 2021-22. In particular, the...

K. Hatzidakis: Greece in favor of the Directive on European Minimum Wages

"The Directive on Adequate Minimum Wages has much in common with the procedure we followed and is valid in Greece for the definition of the minimum wage," said the Minister of Labor and Social Affairs, Kostis...

What the European Minimum Wage Agreement provides for

By Dimitris Katsaganis Increases in the minimum wage and the percentage of "coverage" of collective agreements are provided for in the agreement between the European Parliament and the European Council for their member countries. In particular, this Euro-agreement...

Minimum wage with European signature

It was a good day for Europe. The political agreement on a minimum wage in all Member States, reached by the national governments, the Commission and the European Parliament in the early hours of...