Kostis Hatzidakis

With money from tax evasion, the government will fund new benefits in 2025 and 2026. The new state budget reflects that through POS and myDATA, 1.8 billion euros were saved in 2024 from tax evasion (1 billion from VAT and 800 million euros from corporate taxes), and this will be repeated in 2025, allowing 1.1 billion euros in benefits to be given to households and businesses.

Following recent upgrades from rating agencies and the achievement of fiscal stability, Greece plans to tap international markets in 2025, seeking to raise 11 billion euros.

The Greek state's presence in the bond markets next year is expected to be more intense compared to this year, due to the increased financing needs of the state budget.

European Investment Bank Group President Nadia Calvino is visiting Greece on Thursday to have meetings with Greek government officials regarding new investment initiatives for supporting the Greek economy.

Her schedule includes meetings with Prime Minister Kyriakos Mitsotakis and National Economy and Finance Minister Kostis Hatzidakis.

The final draft of the 2025 that National Economy and Finance Minister Kostis Hatzidakis tabled in Parliament on Wednesday provides for more tax revenues, higher growth and a further decline in unemployment, as well as a greater-than-projected primary surplus for this year.

Nearly balanced budget—the first in decades—will be submitted at 10:00 in Parliament’s Plenary Session by the Minister of National Economy and Finance, Kostis Hatzidakis.

According to information from newmoney.gr, compared to the draft budget submitted in early October, the final plan for 2025 will project higher GDP growth of 2.2%-2.3%, but also higher debt and inflation.

The 2024 budget execution data are showing tangible results from the fight against tax evasion, a perennial goal of governments hitherto unachieved.

Greece must revise its budget for 2025 because there is more money available than anticipated. This is due to the increased tax revenues and the early repayment of previously taken loans ahead of schedule.

In a detailed report published Monday, the German newspaper Handelsblatt spotlighted Greece's impressive economic performance, emphasizing its bailout loan repayment ahead of schedule. 

Greece has registered the greatest rise in investments volume in the entire European Union during the last five years, National Economy and Finance Minister Kostis Hatzidakis said on Tuesday.

Speaking at the Athens Investment Forum, Hatzidakis said that investments during 2019-2023 increased in stable prices by 53.4%.

The development of an effective and fair institutional framework for the taxation of cryptocurrencies, along with the incorporation of international legislation for consumer protection, was announced by the Minister of National Economy and Finance, Kostis Hatzidakis, speaking tonight at an event organized by the Numismatic Museum.