Economic policy

Greek PM expresses optimism on new economic policy

Greek Prime Minister Kyriakos Mitsotakis delivers a speech during a public health event in Athens, Greece, July 1, 2020. Greek Prime Minister Kyriakos Mitsotakis on Wednesday expressed the government’s gratitude to donors for their continued support for the national system during the war against COVID-19, during an event here on the occasion of a new donation made by the Stavros Niarchos Foundation (SNF). (Xinhua/Marios Lolos)

Greek Prime Minister Kyriakos Mitsotakis presented the government’s updated economic policy for the next few months on Saturday evening, promising a new development model that will benefit everyone.

“Greece is changing” was the main slogan in 2021 during the usual economic policy keynote at the 85th Thessaloniki International Fair (TIF), the country’s largest annual trade fair held in the port city of Thessaloniki, in northern Greece.

Expressing optimism about the outlook for the Greek economy, Mitsotakis said the growth target for 2021 is revised to 5.9% from 3.6%.

The Greek leader announced a series of measures aimed at easing the pressures of the COVID-19 pandemic and reforms to boost growth.

The program includes new tax cuts, an extension of benefits, reductions in social security contributions and reforms to further support investment, employment, exports, extroversion, the digital transition and the green economy .

“Today begins an exciting new journey that we will all make together, putting into practice the motto of this year’s exhibition: for a homeland that has knowledge and courage, for a courageous Greece that goes forward and only look up,” he said, addressing the opening ceremony of the TIF, which is due to run until September 19.

Relief measures include tax cuts for households and businesses, such as reduced property taxes.

Regarding the ongoing battle against COVID-19, Mitsotakis reiterated a call for those who are still unvaccinated to get vaccinated.