Government Unveils Measures to Boost Entrepreneurship and Ease Debt Burden

The government is rolling out a three-part initiative aimed at stimulating entrepreneurship, increasing employment, and alleviating excessive debt for households and businesses, CE Report quotes Athens-Macedonian

The plan includes access to cheaper financing for small and medium-sized enterprises (SMEs) via the stock market, reduced non-wage costs for businesses, and favorable debt settlements for those in arrears. Two measures are part of a new capital market draft bill, while a third—reducing social insurance contributions for overtime and night/holiday work—is in development by the labor ministry.

Finance Minister Kostis Hatzidakis emphasized that tackling key economic challenges is a priority to foster growth. The bill introduces tax incentives and alternative funding options for SMEs, including lower taxation on company bond interest (cut from 15% to 5%) and expanded benefits for angel investors.

These steps aim to enhance market accessibility and drive economic expansion.