This is a preview. To continue reading, register for free access now. Register now or Log in

Spain: Minimum wage and pensions increased

From 1 January 2007, the statutory national minimum wage (Salario Mínimo Interprofesional, SMI) has been increased by around 5.5% to €570.60 per month. Recipients, of whom there are around 1 million, receive 14 monthly payments per year.