Greek Prime Minister Mitsotakis to unveil €2 bn pension and tax relief package at Thessaloniki Fair

The government of Greece is preparing an economic package worth up to €2 billion to be announced by Prime Minister Kyriakos Mitsotakis at the International Fair of Thessaloniki (DETH) in early September. The plan focuses on boosting pension incomes – raising the permanent November supplement from €300 to between €400 and €447, effectively restoring a 13th pension – and increasing the main pensions by at least 2.9 % from 2027. It also proposes ending the offset of the “personal difference” for about 670 000 retirees, reforming the Solidarity Contribution so it applies only to the portion of pensions above €1 400, and extending benefits to younger pensioners. In the labour arena, the minimum wage is slated to rise to €970‑€980, above the previously targeted €950, and the minimum wage for the private sector may be lifted by €50‑€60 earlier than planned. Complementary measures target enterprises and self‑employed professionals: cuts to advance tax payments, reductions in ENFIA for small homes, abolishing certain fees, lowering corporate tax rates for SMEs, and other tax‑relief provisions. The package is being shaped against the backdrop of a possible early election and depends on the fiscal space left after the summer budget surplus.

The government expects the final details to be set by the end of August, with the full announcement at the fair shaping the 2027 economic agenda and potentially influencing the political climate ahead of the next vote.