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Minimum Wage Increase Reflects Economic Growth And Workers’ Real Needs

by THEFUTURE.TEAM

December 5, 2025

Government Initiative Aligned With Economic Strength

Minister Giannis Panagiotou emphasized at the 29th Conference of PEO that the forthcoming increase in the minimum wage will not be merely a symbolic gesture. Instead, it reflects the robust positive trajectory of the economy and addresses the genuine needs of workers. The government’s efforts are geared toward achieving a more equitable distribution of national income.

Economic Momentum And Fiscal Stability

During the first half of its current term, the government successfully reached key targets in economic growth, fiscal stability, debt reduction, and inflation control. Notably, a strategic agenda has been implemented to ensure that wage increases are in step with both the rising cost of living and the overall improvement in economic conditions. This deliberate policy approach underlines the administration’s commitment to aligning wage adjustments with sustained economic performance.

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Reinforcing Social Partnership And Collective Bargaining

In a significant step towards reinforcing industrial harmony, Minister Panagiotou noted that large-scale sectoral collective agreements have been renewed until the end of 2027. Concurrently, measures have been taken to secure the future role of the ATA institution, culminating in a permanent agreement that conclusively addresses previous ambiguities. These initiatives are designed to ensure effective protection for all workers.

Advancing Framework For Collective Negotiations

A comprehensive action plan to expand collective bargaining is underway in accordance with the European Directive, with a targeted completion within the first quarter of 2026. In parallel, the minister confirmed that the consultative process for revising the National Minimum Wage decree is nearing its conclusion. The forthcoming wage increase will mirror both the positive economic trends and the evolving needs of everyday life.

Future Reforms And Social Equity

Minister Panagiotou further underlined the crucial role of unified leadership and solidarity among the populace in ensuring a fair distribution of national income. He characterized the PEO conference as a momentous event influencing labor relations and social cooperation. Looking forward, he identified the reform of the pension system as a priority, aiming for a comprehensive overhaul—free from external pressures—that protects the interests of citizens, especially the most vulnerable.

The Future Forbes Realty Global Properties

Rolls-Royce Raises Guidance As Defense And Power Systems Drive Growth

Rolls-Royce raised its full-year profit and cash flow guidance after reporting stronger-than-expected first-half results, supported by growth across its civil aerospace, defense and power systems businesses.

Underlying operating profit rose 46% year on year to £2.5 billion ($3.3 billion) in the first six months of 2026, while revenue increased more than 24% to £11.3 billion.

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The company now expects full-year underlying operating profit of £4.7 billion to £4.9 billion, up from previous guidance of £4 billion to £4.2 billion. It also raised its free cash flow forecast to £3.8 billion to £4 billion, compared with £3.6 billion to £3.8 billion previously.

Shares rose as much as 6% in early trading before paring gains to trade about 4% higher.

Data Center Demand Supports Power Systems

Chief Financial Officer Helen McCabe told CNBC that orders in Rolls-Royce’s data center power business increased by more than 50% in the first half as operators invested in backup and on-site power systems.

The company has benefited from growing demand for power infrastructure as data center operators expand capacity.

Defense Spending Provides Additional Support

McCabe also said Rolls-Royce expects to benefit from higher defense spending in the U.K. and across NATO countries. She cited the U.K.’s long-term defense investment plan, which provides funding visibility through 2030 and beyond.

“We’ve had very positive initial conversations with the new government,” McCabe said, adding that the company supports its focus on growth, defense and industrial manufacturing.

Turnaround Continues

Chief Executive Tufan Erginbilgic said the company’s transformation strategy continued to deliver results. “Our transformation continues to deliver,” he said in a statement. “We have unlocked new growth opportunities across the Group.”