x

Economy

Staikouras: Greece’s Priority Is to Make Cuts in Taxes

ATHENS — Finance Minister Christos Staikouras, in an interview with Skai radio on Friday, outlined the government's road map on issues of economic policy leading up to 2022, noting that the top priority will be to make the reductions in social insurance contributions and a solidarity levy permanent, as well as lower VAT rates for the hospitality and tourism sectors.

Depending on the fiscal space available, he added, the next decisions might be for a further reduction of the ENFIA property tax by eight percent and other tax cuts announcement prior to the pandemic.

"Our fundamental goal is mainly for fiscal space to be addressed to cuts in taxes and social insurance contributions and a part toward a targeted increase in spending where there is a significant social impact," he said.

Staikouras said that no economic pressure had yet appeared due to the uncertainty caused by the Delta variant of the novel coronavirus, with good developments offsetting this bad outcome, repeating that the ministry's target of 3.5 pct growth was realistic.

On the possibility of a new lockdown, he said that this must not happen, as it would do great damage to the country's finances and the economy.

RELATED

ATHENS - Once dominating the world’s maritime industry, Greece’s shipping fleet now finds itself trailing Japan and China in total asset values for vessels and fleet size.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

NYC Officials Shutter Furniture Store Illegally Converted to House More than 40 Migrants

NEW YORK (AP) — A New York City furniture store that had been illegally converted into sleeping quarters for more than 40 migrants has been shut down by city officials.

NEW YORK (AP) — Donald Trump’s lawyers asked a New York appellate court Wednesday to halt collection of the former president’s $454 million civil fraud judgment while he appeals.

NICOSIA - Sunny Cyprus is taking advantage of that source of power in a groundbreaking project bringing solar energy to schools and educational institutions, installing photovoltaic systems in 405 of them with a combined capacity of 4.

The Philadelphia Orchestra's home is being renamed Marian Anderson Hall in honor of the pioneering Black American contralto, a rare case of an artist's name replacing a corporation.

DUBAI, United Arab Emirates (AP) — Two-time Wimbledon champion Andy Murray reiterated Monday that he is likely to retire from tennis before the season is over.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.