23
Fri, May

Brain Drain Reverses as Greeks Come Home, Says Labor Minister

Brain Drain Reverses as Greeks Come Home, Says Labor Minister

Hellenic Shipping News

Asignificant number of Greeks who left the country for work opportunities

Asignificant number of Greeks who left the country for work opportunities abroad have now returned, signaling a potential reversal of the so-called brain drain, according to Labor and Social Security Minister Niki Kerameus. Speaking to MEGA Channel on Friday, May 23, Kerameus highlighted that approximately two in three Greeks who emigrated in the past decade have come back.

Referring to Eurostat data, she noted that around 680,000 Greeks had left the country over the last ten years, while 420,000 have since returned.

Kerameus also spotlighted the ongoing Career Days organized by the Public Employment Service (DYPA) at the Peristeri Exhibition Centre on May 23 and 24. She stressed the initiative’s impact, stating that more than 9,000 people have secured employment through similar events in the past.

Turning to the issue of wages, the minister pointed out that Greece’s minimum wage has increased by 35%. She emphasized that while many foreign countries are perceived as offering higher salaries, the cost of living in those places often offsets the benefit.

She cited Athens as having a notably lower cost of living than London and pointed to the government’s tax incentives for returnees, noting that these factors help balance—or even improve—individuals’ financial situations

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