FinMin omnibus bill tabled in Parliament

An omnibus draft bill prepared by the Greek finance ministry and containing all prerequisites, agreed with the country's EC-ECB-IMF troika of lenders, for the disbursement of a 6.8 billion euros of financial aid to Greece by next October, was tabled in Parliament on Tuesday evening.

A Eurogroup meeting on Monday agreed to make staggered payments of its financial aid to Greece.

The omnibus draft bill relates to reforms in the labour, economic and public administration sectors.

The process to set the level of the minimum wage will begin in the last ten days of February each year, as of 2017 as provided for in the omnibus bill. The process will be completed in the last fortnight of June, following the proposals forwarded to the Cabinet by the Labour Minister, having considered the outcome of consultations between employers and employees.

The Cabinet will then adopt the decision which will define the minimum salary of employees and minimum wage of labourers.

The above process will follow the consultations between the social partner (employers and employees) and the Government, with technical and scientific support in economic issues, labour economics, social policy and industrial relations.