Stathakis: €3.6bn worth of measures will be implemented immediately

1 April 2016
618 Views

The Minister of Economy Giorgos Stathakis revealed that 3.6 billion euros worth of measures, from the 5.4 billions agreed with the institutions, will be implemented immediately. The remaining 1.8 billion euros worth of measures will be implemented after 2018, he told ANT1 on Friday.

According to Mr. Stathakis the negotiations are on track, with an agreement on certain issues being close. Although the upcoming negotiations are going to be difficult, he estimated that an agreement will be reached on time.

Regarding tax reforms, the Economy Minister claimed that there we be no additional charges for incomes under 20,000 euros, while there will be some discounts for incomes between 35,000 and 40,000 euros. Mr. Stathakis added that there will be extra charges for incomes above 40,000 euros.

Finally, Mr. Stathakis explained that there is a major disagreement over non-performing loans, with Greece’s creditors demanding that all such loans be sold to foreign funds.

You may be interested

Covid-19 Greece – 2,018 new cases on Thursday
GREECE
shares19 views
GREECE
shares19 views

Covid-19 Greece – 2,018 new cases on Thursday

makis - Nov 26, 2020

The Greek authorities announced 2,018 new cases of coronavirus on Wednesday, of which 2 were detected following checks at the…

Covid-19 Greece – 2,152 new cases on Wednesday
GREECE
shares34 views
GREECE
shares34 views

Covid-19 Greece – 2,152 new cases on Wednesday

makis - Nov 25, 2020

The Greek authorities announced 2,152 new cases of coronavirus on Wednesday, of which 6 were detected following checks at the…

Greece provides 50% tax deductions to foreigners and Greeks abroad
FINANCE
shares31 views
FINANCE
shares31 views

Greece provides 50% tax deductions to foreigners and Greeks abroad

Panos - Nov 25, 2020

The Greek Finance Ministry is introducing a series of tax incentives with the aim of attracting foreign workers and the self-employed, as…

Leave a Comment

Your email address will not be published.