Fiscal multiplier

The President of SEV is calling for the amendment of the Development Law and the inclusion of large investments with tax incentives in it, given the termination of the Recovery Fund and as a measure to close the investment gap that the country continues to present against the rest of Europe despite the significant improvement of the last five years.

The short- and long-term car rental sector is estimated to directly contribute 1.3 billion euros to Greece's gross domestic product, based on 2022 data.

Just yesterday in our editorial we noted that rays of light are already beginning to shine through the darkness of a pandemic that for nearly a year has overshadowed everything.

One such optimistic sign is the news of a 100mn euro investment by the Greek Systems Sunlight Company (photo) to develop environmentally-friendly lithium-ion battery technology.

“Greece cannot just continuously tag along and expect that things will be sorted out. The Greek leaders will need to take more ownership of reestablishing their country” stressed the head of the International Monetary Fund, Christine Lagarde, in an interview with Bloomberg.

By Pantelis Boukalas