x

Economy

Staikouras Presents Basic Reforms Included in Greece’s National Development Plan

ATHENS — Greek Finance Minister Christos Staikouras on Tuesday presented the basic reforms included in Greece's National Development Plan. Addressing a 7th Strategic Conference "Investments in Greece and development prospects" organised by the Athens Chamber of Tradesmen, Staikouras said the key for 2021 to become a year of strong recovery for the country was to maximise the exploitation of all domestic and European funds and tools and most importantly an EU Recovery Fund currently under negotiation.

He noted that reforms will focus on: implementing a prudent fiscal policy with a gradual reduction of tax rates and primarily social insurance contributions, continuing a privatisation programme, a further modernisation and improvement of investment attractiveness of the economy through a series of legislative changes, implementing structural reforms on the regulatory framework for business activity, management of public investments, agricultural policy, research and innovation, etc and finally a transition into a sustainable model of economic growth, with the support of investment initiatives of high added value through infrastructure investments focusing on green economy, digital transformation of the public sector and the Greek economy and investing in human capital.

The Greek finance minister said that a third round of support measures, worth 3.0 billion euros, in August will include suspending tax and social insurance contributions for households and enterprises for all the months of the pandemic crisis and favourable repayment terms of up to 24 monthly tranches beginning in 2021. A 25 pct discount for timely payment of taxes, a planned, generous reduction or even zero advance tax payment for enterprises, subsidised interest on all business loans for enterprises hit by the crisis, offering working capital to enterprises, new loans to small- and medium-sized enterprises and a new regulatory framework for micro-finance.

RELATED

ATHENS - Greece's primary surplus stood at €1.

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

Alberto, Season’s First Named Tropical Storm, Dumps Rain on Texas and Mexico, Which Reports 3 Deaths

TAMPICO, Mexico (AP) — Tropical Storm Alberto rumbled toward northeast Mexico early Thursday as the first named storm of the season, carrying heavy rains that left three people dead but also brought hope to a region suffering under a prolonged, severe drought.

HANOI, Vietnam (AP) — Russian President Vladimir Putin signed a series of deals with his Vietnamese counterpart To Lam on Thursday, during a state visit that comes as Moscow is seeking to bolster ties in Asia to offset growing international isolation over its military actions in Ukraine.

TAMPICO, Mexico (AP) — Tropical Storm Alberto rumbled toward northeast Mexico early Thursday as the first named storm of the season, carrying heavy rains that left three people dead but also brought hope to a region suffering under a prolonged, severe drought.

SANTIAGO, Chile (AP) — At least two people were killed and nine others injured Thursday when a train full of passengers collided head-on with another train on a test run just outside Chile's capital of Santiago.

DUESSELDORF, Germany (AP) — With outrageous goals flying in from all angles, Euro 2024 has started with a bang.

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.