A period of strong growth with the attraction of investments from both Recovery Fund as well as from abroad, they count on financial staff failed government, which may be the next four years, and to this end, they are planning measures to remove existing investment barriers and promote related initiatives.

The interventions are mostly institutional in nature with relatively little fiscal cost as the new fiscal rules to be applied in the EU. they do not allow to relax, and tax breaks are no longer a priority. As the number one obstacle to implementation as well as subsequent support attachments these executives call a labor shortage. Thus, they claim that incentives will be provided or barriers removed to attract women and young people to a low-participation workforce. Among other things, they say that in this direction it is planned to rationalize allowances so that they do not interfere with work, as well as measures to improve working conditions and focus technical education on the sectors in demand.

Further digitalization of the state is also a priority, associated even with the transition from the “black” to the “white” economy, as they say.

Tax avoidance

On the tax avoidance front, the situation remains out of control, with government officials saying the focus will be on three steps that they believe will bring significant results: after connecting POS with cash registers and with electronic systems AADE, the next step would be to create an online e-invoice with funding from the Recovery Fund, and then an e-invoice, which is already being developed in the public sector and will be extended to the private sector. The same executives note that other tools will be sought to combat tax evasion among freelancers. In addition, the main goal for the next four years is to increase the average size of the Greek business, which is estimated to be facilitated by the control of tax evasion and additional tools to be developed.

The government’s goal is for annual investment to reach 22% of GDP, compared to about 15% today. This, of course, assumes an annual investment growth rate of 15-20% to be achieved in four years.

The chiefs of the late economic staff argue that the country is an attractive location for investors for geopolitical reasons, as well as political stability and the fact that it hosts one of the most reformist governments in the EU. They note that the economy is already reopening in neglected sectors such as agriculture, with an investment of 1-1.5 billion from the Recovery Fund, while tourism is changing its face, turning to quality, duration and the offer of permanent residence. .

In the energy sector, the same sources remain, a number of large investments are expected, and the country will no longer depend on imports, especially as the storage sector with batteries develops. They also note the gradual resurgence of the industry, led by the pharmaceutical industry, as well as shipyards, while there is a flourishing startups V technologies but also film producers (for whom the incentives provided will be rationalized anyway).

They also believe that the real estate sector has changed from the past as some are more investment oriented and non-resident oriented.