Greek Prime Minister Kyriakos Mitsotakis announced a package of measures including an increase in the minimum wage and pensions to further help households and businesses cope with the energy crisis and high inflation.

The package, made up of 21 measures, includes more subsidies for electricity bills and heating costs on top of the 8 billion euros ($8.12 billion) allocated in recent months, the agency reported. Xinhua press.

Greece will also cut taxes and increase the minimum wage and pensions, which will come into force by the end of this year and in 2023.

Pensions will see an increase for the first time in more than a decade, and the gross monthly minimum wage will also increase further, he announced.

“These are all necessary measures to help society weather the harshest winter in many decades,” he said at the opening ceremony of the 86th Thessaloniki International Fair (TIF), a annual trade fair held in the port city of Thessaloniki in northern Greece. .

The disposable income of many Greeks will increase and the most vulnerable households will receive additional benefits, the Prime Minister said during his speech broadcast on the Greek national television channel ERT.

To further support young people, the government will subsidize the rental or purchase and renovation of a principal residence.



(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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