5 Minute News

Overview of Salaries and Subsidies in the Public Sector

October 3, 2024

Finance Minister Makis Keravnos stated that public sector employees have not received raises for 15 years, with 44% earning below the average salary. The renewal of the 22-24 contract includes planned raises. He also announced the termination of subsidies for basic products due to current economic conditions. The unemployment rate stands at 4%, and he explained how pensions are calculated.