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Greek economic development and EU funding priorities

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2026-09-06 09:55 UTC → 2026-09-06 11:03 UTC · added removed

Discussions regarding Greece’s economic strategy and development priorities have focused on structural reforms and European Union funding. Initially, the PASOK party outlined an economic vision aimed at transforming Greece into a more productive nation through increased investment, modernization of the primary sector, and the use of artificial intelligence. Key suggestions included replacing the Superfund with a National Wealth Fund and establishing a Development Bank for SMEs. Subsequently, attention turned to the EU’s 2028-2034 Multiannual Financial Framework, with stakeholders emphasizing the need for Cohesion Policy and Common Agricultural Policy (CAP) funding to address regional inequalities and food security. At the 90th Thessaloniki International Fair, Prime Minister Kyriakos Mitsotakis formalized this direction by unveiling a strategic roadmap through 2031 titled the ‘Agreement of Progress and Prosperity.’ This plan is built upon ten major pillars, including economic growth, judicial reform, education, and defense. The roadmap includes social and fiscal measures with a projected cost of 2.2 billion euros for 2027 and 3.5 billion euros by 2030. Specific economic targets include increasing manufacturing to 12% of GDP by 2031, reducing unemployment to below 6%, and ensuring the average wage exceeds 1,800 euros by 2030. The government also aims to raise the minimum wage to 1,000 euros by 2028 and reduce public debt to below 110% of GDP by 2030. Further details of the roadmap include boosting productivity through AI and automation for 300,000 SMEs and increasing the pension supplement for citizens over 65 to 400 euros. Additionally, the government plans to implement tax relief for self-employed professionals in smaller municipalities and aims for a 30% decrease in electricity prices within three years via renewable energy expansion. Regarding agriculture, Vice President Kostis Hatzidakis highlighted the potential to mobilize over 20 billion euros under the new Common Agricultural Policy (CAP) for the 2028-2034 period. In preparation for the Greek Presidency of the Council of the European Union in the second half of 2027, officials have emphasized EU enlargement and fiscal stability. Deputy Foreign Minister Tassos Hatzivasileiou reaffirmed support for Moldova’s European integration and an ambitious EU budget for 2028-2034. Prime Minister Mitsotakis noted that the government’s social measures are strictly costed and implementable, while expressing the goal of maintaining a majority government following the spring 2027 elections to ensure stability during the EU Presidency.

Versions

  1. 2026-09-06 11:03 UTC Greek economic development and EU funding priorities
  2. 2026-09-06 09:55 UTC Greek economic development and EU funding priorities
  3. 2026-09-06 09:42 UTC Greek economic development and EU funding priorities
  4. 2026-09-06 07:46 UTC Greek economic development and EU funding priorities
  5. 2026-09-06 05:33 UTC Greek economic development and EU funding priorities
  6. 2026-09-05 23:24 UTC Greek economic development and EU funding priorities
  7. 2026-09-05 11:19 UTC Greek economic development and EU funding priorities
  8. 2026-09-04 22:15 UTC Greek economic development and EU funding priorities
  9. 2026-09-04 17:04 UTC Greek economic development and EU funding priorities
  10. 2026-08-21 08:57 UTC Greek economic development and EU funding priorities

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