Increase in Minimum Wage Expected by 2028
November 17, 2025
Labor Minister Yiannis Panayiotou announced that the national minimum wage is set to increase twice by 2028. The first increase will take effect in January 2027, and the second will be implemented in 2028. The minister emphasized the need for a positive economic outlook for the approximately 55,000 employees earning minimum wage to benefit. He also mentioned compliance with the European directive on wage adequacy, with plans to submit an action plan to the Commission. Finally, he stated that pension reform bills will be submitted within the year.