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Tag Archives: reduction

9 out of 10 Workers in Greece have reduced essential goods consumption

9 out of 10 workers in Greece have reduced consumption of essential goods, a recent survey conducted on behalf of the private sector union umbrella General Confederation of Greek Workers (GSEE) and the Labor Institute. One out of two respondent also said that they do not get paid for overtime …

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Tolls for Attiki Odos highway to be reduced

Attiki Odos highway tolls will be reduced from 2.80 euros to 2.50 according to the new concession contract. The contract, which was approved by the board of directors of the Hellenic Republic Asset Development Fund (TAIPED) and sent to the finance and infrastructure ministries for comments, stipulates that the tolls …

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Athens mayor to cut municipal taxes by 5%

Municipal taxes in Athens will be reduced by 5% across the board, Athens Mayor Kostas Bakoyannis said in an interview to Skai TV on Saturday. The mayor said that he would introduce the measure during the city council meeting in order to “relieve and support citizens – this winter will …

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Greece reduced natural gas consumption by 40% in Sept 2022, compared to Sept 2021

Domestic consumption of natural gas in September shows a 40 percent decrease compared to last year, while there has also been an increase of Greek energy exports to Italy and the Balkans in that time, Environment and Energy Minister Kostas Skrekas said on Thursday. in Bucharest, at the Ministerial Council …

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PM Mitsotakis announces 13% permanent reduction in property tax ENFIA

Prime Minister Kyriakos Mitsotakis announced a permanent 13 percent reduction in the Unified Property Tax (ENFIA) on Wednesday morning. he added that the additional 13% reduction cover the government commitment for a total of 30% reduction in property taxes. Προχωράμε, σήμερα, σε μία νέα γενναία μόνιμη μείωση του ΕΝΦΙΑ κατά …

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Mitsotakis: Business tax down to 24% for 2019 incomes, at 20% as of 2021

One day before visiting Paris to meet with French President Emmanuel Macron, Prime Minister Kyriakos Mitsotakis spoke to French daily Figaro and invited investors to Greece. A thorough bill for taxation reduction for businesses will be presented in September, Mitsotakis told Figaro said adding that “income tax for businesses will …

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ENFIA tax to be reduced already in 2019 for properties value up to €200K

Finance Ministry has reportedly prepared a plan regarding the reduction of Unified Property Tax (ENFIA) for  the millions of property owners in Greece. The plan is to be gradually implemented in three staged and owners of small properties will see as reduction already this year when the ENFIA bills will …

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Greek PM announces V.A.T reductions in food, electricity, gas and 13th pension

Prime Minister Alexis Tsipras announced a package of relief measures to relieve the life of debt-ridden Greek households. Among the measure for 2019 is the generous reduction of Value Added Tax in food items, catering industry, electricity and natural gas as well as the distribution of so-called 13th pension. Value …

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Greek gov’t to go to May elections with VAT and income tax reductions

The Greek government is reportedly preparing a package of positive measures to sweeten voters ahead of the European an municipality elections in May. The package may include reduction in direct and indirect taxes, including the unified property tax ENFIA. According to Greek media, the package of measures that allegedly focus …

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Greece’s banks to reduce €50million of bad loans by 2021, says bank CEO

Greece’s four systemic banks plan to reduce the non-performing loans between now and 2021 by 50 billion euros ($ 56 billion), the CEO of Piraeus Bank, told CNBC on Tuesday. In the case of Piraeus, the aim is to reduce the NPLs by 15 billion euros until 2021, CEO Christos …

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DESFA to lower natural gas transmission fees for businesses and households

Households and businesses will see a small reduction in the prices of natural gas as the National Natural Gas Transmission System Operator SA (DESFA) announced it would lower its fees on the use of natural gas transmission infrastructure from May 1, 2018. The benefit is expected to be rolled over …

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Greece’s Lawmakers grant themselves a tax gift of up to €2,000

Greece’s ministers, lawmakers, mayors and other high-ranking public officials are able to enjoy generous tax reductions reaching up to 2,000 euros per year. A Greek daily revealed that the reductions affect the so-called Solidarity Levy. The parliament voted in favor of such decreases already May 2016. The provision was included …

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Troika rejects decrease in heating oil tax; Greeks to freeze another winter

Greece’s lenders, the Troika rejected two of Greek government plans: the tax reduction in heating oil and the broadening of income criteria for those entitled to heating oil allowance. The government had proposed to decrease at 15% the Special Consumption Tax for heating oil and avoid the freezing of Greek households and the incredible air pollution of …

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