Greece to Increase Minimum Wage by €50 a Month From April 1

Greek Prime Minister Kyriakos Mitsotakis announced an increase of €50 ($53.9) a month to the country’s minimum wage for employees, lifting the amount to €830 from €780.

The decision will take effect from April 1st and relieves workers “without affecting the strength of the economy and the competitiveness of businesses,” Mitsotakis said Friday at a meeting of his cabinet in Athens. The government’s aim is to bring the minimum wage to €950 per month by 2027, he added.

The country’s economy has made a remarkable recovery since 2010, when the Greek debt crisis started. Greek economic growth outperformed European peers ...