Government Announces €1.5 Billion Tax Cuts and Income Support Measures for 2025

Business 2 January 2025 19:39

The Ministry of Economy and Finance has announced a €1.5 billion tax cut and a series of measures to increase disposable income for workers and pensioners in 2025, CE Report quotes Athens-Macedonian

Building on robust economic growth and efforts to combat tax evasion, the initiative includes 18 tax reductions and seven income support measures designed to provide permanent and equitable financial relief.

Since 2019, the government has eliminated or reduced over 70 taxes, emphasizing its commitment to fostering economic stability and supporting citizens.

Tags

Türkiye's Exports Reach Record High of $262 Billion in 2024

4 January 20:00

Türkiye achieved a record $262 billion in exports in 2024, marking a 2.5% annual increase, President Recep Tayyip Erdogan announced.

Bread Prices Surge Across Bulgaria Following VAT Increase

4 January 15:00

Bread prices have risen sharply across Bulgaria after the reintroduction of the standard 20% value-added tax (VAT) on bread and flour on January 1, 2025.

Record Business Growth in Greece: Over 63,000 New Startups in 2024

3 January 20:00

2024 marked a year of remarkable growth for Greek entrepreneurship, according to data from the General Commercial Register (GEMI) and the Union of Hellenic Chambers (KEEE).

Alternative Gas Supply Solutions for Transnistrian Region Explored Amid Gazprom Suspension

3 January 17:00

The State Secretary of the Energy Ministry, Constantin Borosan, outlined alternative solutions for Tiraspoltransgaz to secure natural gas supplies for the Transnistrian region following Gazprom's suspension of deliveries to Moldovagaz as of January 1, 2025.

ECB Interest Rate to Drop to 2% by Autumn, Says Bank of Greece Governor

3 January 14:06

Bank of Greece Governor Yannis Stournaras announced on Thursday that the European Central Bank's (ECB) key interest rate will decrease to 2% by autumn, down from the current 3%.

Moldova's Energy Consumption Fully Covered Without Emergency Contracts

31 December 2024 23:00

In the past 24 hours, Moldova consumed 14,359,731 kWh of electricity, fully covered through commercial contracts without activating emergency agreements, according to Moldelectrica.

Tender Launched for Development of Beach and Camping Site in Possidi, Greece

27 December 2024 21:35

The Hellenic Republic Asset Development Fund (HRADF) has announced a tender for the "Beach and Camping of Possidi of Kalandra" located on the Kassandra peninsula in northern Greece.

Government Announces €1.5 Billion Tax Cuts and Income Support Measures for 2025

Tags

Related articles

Most read

Press Releases

Features