National Minimum Wage of €940 from January 1, 2023

National Minimum Wage of €940 from January 1, 2023

On September 2, 2022, the Council of Ministers issued a decree establishing the minimum wage at €940 per month for full-time employment for any worker within the Republic. The decree will come into effect on January 1, 2023.

It is noted that the minimum monthly wage paid to employees who, either before January 1, 2023, or after January 1, 2023, have not completed six (6) months of continuous employment with the same employer, is set at €885 for full-time employment. After the completion of the six (6) months, their wage must be adjusted to €940.

Furthermore, it is understood that the full-time working hours for employees in each economic activity are those in effect at the issuance of this Decree, based on legislation, decree, contract, custom, or practice.

In the case of part-time employees, the minimum monthly wage is adjusted according to the hours worked in relation to the full-time hours mentioned above.

For any queries, the specialized staff of PHS & Partners is ready to assist you

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