European Commission

Fewer taxes, more revenue

The 2025 draft budget that Minister of National Economy and Finance Kostis Hatzidakis is tabling on Monday in Parliament provides for fiscal interventions of 1.1 billion euros, including the reduction of social security contributions, the abolition of the fee for practicing a profession and a horizontal increase of €20 in civil servant salaries.

Greece sits out vote about extra tariffs on Chinese EV

Greece has reportedly abstained from a vote in the European Union on Friday about blocking the European Commission's plans to impose higher tariffs on Chinese electric vehicles (EVs), contributing to Brussels' plan for levies on China's EVs to proceed and start getting implemented as of next month.

Hadjidakis: Success on the tax evasion front will determine the further reduction of tax rates

The six critical milestones of the Medium-term Fiscal and Management Plan 2025-2028 that the Greek government will submit to the European Commission were presented by Kostis Hatzidakis to the House Economic Affairs Committee.

The Minister of National Economy and Finance said that Ecofin will certify in the near future that:

Debt Reduction, Economic Growth, and Income Increase: Key Insights from the Medium-Term Programme in 10 Q&As

In a recent Q&A, the Ministry of Finance outlined key aspects of the Greek economy’s future based on the Mid-term Fiscal Plan for 2025-2028. This plan details structural changes and projections for the economy over the next four years. Here are the highlights:

1. What are the European fiscal rules and how do they differ from the Stability Pact?

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