Value of the Guaranteed Minimum Monthly Wage

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On November 17th, Decree-Law No. 107/2023 was published, which updates the value of the guaranteed minimum monthly wage to €820.00, applicable to the mainland territory from January 1, 2024. This amount represents an increase of 7.9% compared to the value in force in 2023 – the largest increase ever. It’s an additional €60 compared to the current value.