"We will keep our commitment to raise the minimum wage to 950 euros in 2027," the prime minister said in his introductory statement to the cabinet on Thursday morning. Reduced minimum wages will be against the law. Wages will not be allowed to decrease, but only to increase," he said, referring to the new permanent system for calculating its increase, which will be determined by two factors: the growth rate and inflation. 

The prime minister recalled that the minimum wage was set at 650 euros in 2019 and is already at 830 euros. Average earnings are currently 1,036 euros, with the aim of improving by 45% to reach 1,500 euros in 2027, levels that the prime minister estimated could possibly be exceeded. 

Mitsotakis described the new minimum wage calculation system as a key initiative. "The rate of growth and improvement of the economy's productivity will determine the extent of its increase. And on the other hand, inflation, but inflation that especially affects the lowest incomes. This means that the better the economy goes, the better productivity improves, and the more the first wage will increase, but the more prices go up, the more the wages will compensate for this price increase." 

"The new system will also favour civil servants by pushing up triennials and bonuses," he added.