Announcement In Thessaloniki, Prime Minister Kyriakos Mitsotakis announced a new economic package costing €3.5 billion (US$4.06 billion) to be implemented by 2030.
Package Details Annual pension payments of €400 for retirees €500 bonus for civil servants Tax exemption of up to €20,000 for farmers and families with three children 50 % discount on advance tax payments for freelancers and businesses The package represents about 1.5 % of Greece’s GDP.
Additional Measures Minimum wage to rise from €920 to €1,000 by 2028 Half‑point reduction in retirement contributions for private‑sector workers Planned 30 % reduction in wholesale electricity prices by 2029 Political Context Despite leading in polls, the ruling party’s support has fallen below 30 % amid rising cost of living, corruption allegations, and a 2023 agricultural scandal that sparked protests by thousands of farmers.
Economic Outlook Greece is expected to grow at an annual rate of about 4 %, surpassing the Eurozone average of 2 % and potentially delivering a surplus of around 4 % of GDP.
Prime Minister’s Statement "The journey from bankruptcy and Europe’s periphery to the continent’s center has been long, but the time has come to reap the fruits of our efforts," said Mitsotakis, emphasizing the package’s role in accelerating the country’s economic recovery.
Greek Prime Minister Announces 4.06 Billion Dollar Economic Package
Prime Minister Kyriakos Mitsotakis unveiled a €3.5 billion (US$4.06 billion) economic package in Thessaloniki, offering benefits such as €400 annual pension payments, €500 bonuses for civil servants, tax exemptions up to €20,000 for farmers and families with three children, and a 50 % discount on advance tax payments for freelancers and businesses.
Sources
- NTV Haber · baglanti