Carrots for V-shaped rebound

"Incentives" is the key word in the government's plans to revive the economy, with the aim of bolstering investment and employment.

This mainly concerns tax incentives, such as the reduction of the tax deposit and the acceleration of investment amortizations, as well as social security incentives like easing contributions, as the government had originally planned, according to multiple Finance Ministry sources.

The tax and social security incentives for tourism and exporting enterprises are mentioned in the government's Reforms Program submitted to the European Commission this week in the context of the European Semester.

The aim is to contain this year's recession to 4.7 percent, as the ministry's baseline scenario in the program provides for, with a 5.1 percent recovery projected for next year. To contain the economic contraction of 2020 there are measures...