Guaranteed minimum income

Three benefits from OPEKA (Organization for Welfare Benefits and Social Solidarity) are set to increase in the coming months as part of the family support measures announced by the Prime Minister at TIF:

From 2025, social security contributions will be reduced by one percentage point. This aims to provide businesses with the capacity to increase wages, in response to labor market shortages, with the goal of raising the average wage to €1,500 and the minimum wage to €950 by 2027, as per government commitments.

Prime Minister Kyriakos Mitsotakis presented a comprehensive reform plan with interventions aimed at increasing incomes, developing the country’s productive potential, reducing inequalities, and addressing key issues such as housing and demographics in his speech at the 88th Thessaloniki International Fair.

At this moment, Prime Minister Kyriakos Mitsotakis is unveiling the new economic roadmap until 2025 during his speech at the 88th Thessaloniki International Fair. According to reports, Mitsotakis will present a package of measures and interventions aimed at supporting social and professional groups impacted by the crisis.

The draft law on the taxation of self-employed professionals is being submitted to Parliament with small but essential corrections.

The Plenary of Cyprus' House of Representatives approved the supplementary state budget amounting to 361 million euros on Thursday, with criticism against the government's agreement for the purchase of the Metropolitan building in Nicosia, which will house the Ministry of Labor and Social Insurance.

Guaranteed minimum income will rise to BGN 75 from January 1, 2018, the government decided, reported BGNES.

The new size is BGN 10  more than it is at present. The aim is to improve the social protection system of the most vulnerable groups.

From the beginning of the next year, the monthly allowance for people with disabilities for rehabilitation and spa treatment increases from 195 to 225 levs. To this end, the Cabinet should approve the proposal to lift the guaranteed minimum income by BGN 10.

A document prepared by Eurogroup chief Jeroen Dijsselbloem referring to "social security measures" in Greece did not concern the need for additional pension reforms but other issues that included guaranteed minimum income, the Dutch finance minister's spokesman Michel Reijns said Wednesday.

Food stamps for the needy and possibly instituting a minimum guaranteed income program across the country are just some of the measures the leftist SYRIZA government hopes to combat what it calls a “humanitarian crisis” in the recession-plagued country.