Minimum wage in Portugal It will be increased from January by 7.9%, from 760 to 820 euros over 14 months, according to an agreement signed on Saturday by the government, some union representatives and employers. In Portugal, employees receive 14 times their monthly salary, with the 13th salary at Christmas And the fourteenth during the summer vacation. The reference made by the Social Consultation regarding the income update for next year has also been revised to 5% compared to 4.8% in 2023.
Socialist Prime Minister Antonio Costa welcomed that “this agreement ratifies the salary increase and improves the competitiveness of the Portuguese economy,” stressing that it is the highest annual increase in the country. Lowest wage He never noticed. The document was signed by the General Confederation of Trade Unions, which is more moderate and close to the Socialist Party, but not by the majority union CGTP, which is historically close to the Communist Party.
On the side of the The bossesThe most important association representing Portuguese companies, especially the industrial sectors, also refused to sign the agreement, which was supported by representatives of the trade, services, tourism and agricultural sectors. According to forecasts published by the Bank of Portugal last week, the Iberian country is expected to see a Economic inflation By 5.4% over the whole of 2023, after prices rose by 7.8% last year.
