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Greece to announce major economic package at Thessaloniki International Fair
Prime Minister Kyriakos Mitsotakis is set to announce a major economic package at the Thessaloniki International Fair, targeting various social and professional groups. The measures, which are expected to cost approximately 2 billion euros, aim to provide relief to the middle class, small and medium-sized enterprises, pensioners, and families.
Key components of the plan include increasing the minimum wage to over 950 euros by 2027 and projecting pension increases of 2.6% for 2027. The government is also considering reducing social security contributions by up to 1 percentage point and lowering tax advance payments for businesses from 80% to between 55% and 60%.
Additional measures involve potential increases in child benefits by up to 30% and the rationalization of the tax presumption system for freelancers. The package is designed as a multi-year roadmap spanning from 2027 to 2031, intended to support income growth and tax relief while maintaining fiscal stability.
Entities
Greece · Kyriakos Mitsotakis · Ministry of National Economy and Finance · New Democracy · Pavlos Marinakis · Piraeus Chamber of Commerce and Industry · Thessaloniki International Fair
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] A further reduction in tax advances is currently under consideration by the Prime Minister. www.sbctv.gr · www.tromaktiko.gr
- [● 2 SOURCES] New economic measures will be legislated in the December budget and take effect on January 1, 2027. www.sbctv.gr
- [● 2 SOURCES] The government aims for the gradual abolition of living standard evidence requirements for consistent self-employed professionals. www.sbctv.gr
- [● 2 SOURCES] Income tax has been reduced from 29% to 20%.
- [● 3 SOURCES] The government aims to increase tax revenues by reducing taxes and returning resources to society. www.tromaktiko.gr
- [○ 1 SOURCE] The electrical interconnection project between Greece and Cyprus will proceed according to the contractor's schedule.
- [● 3 SOURCES] The government is planning a four-year economic strategy alongside the 2027 measures. www.lykavitos.gr · www.ertnews.gr
- [● 2 SOURCES] The total cost of the economic package is estimated to be between 1.4 billion and 2 billion euros. www.ilialive.gr · www.iefimerida.gr
- [● 2 SOURCES] The government plans to increase daily subsistence allowances for employees from 6 to 10 euros.
- [● 2 SOURCES] Proposed measures include increasing child benefits by up to 30%.
- [● 4 SOURCES] Proposed measures include reducing tax advance payments for businesses to between 55% and 60%. cretaone.gr · www.anatolh.com · www.enikos.gr
- [● 4 SOURCES] The economic package for 2027 will exceed 1 billion euros. www.lykavitos.gr · www.ertnews.gr