The minimum wage is set to rise to €1,125, outgoing labour minister Yiannis Panayiotou said on Monday during the formal handover to the new minister Marinos Moushiouttas.
He said the increase is linked to the 2024 median wage and the cost-of-living allowance (CoLA), which together will bring the minimum wage close to €1,125 .
Panayiotou said the rise follows the government’s policy of linking the minimum wage to 58.5 per
