Wednesday March 4, 2015 Search
Weather | Athens
20o C
11o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greece lines up tax cuts

Greece is set to ask its eurozone partners when the Eurogroup meets on May 5 for permission to gradually reduce corporation tax rates as part of a wider plan to generate growth in Greece, Kathimerini understands.

Several government officials, including Finance Minister Yannis Stournaras and Development Minister Costis Hatzidakis met Tuesday to finalize a three-page proposal that will form the basis for a growth plan that will run from this year until 2020. Both coalition parties, New Democracy and PASOK, were represented at the meeting.

Apart from the tax cuts, which Prime Minister Antonis Samaras advocated even when he was in opposition, the text also focuses on areas where Greece can do more to drive growth, which has been absent from the country since the second half of 2008. These areas include tourism, renewable energy, exportable agricultural products, fish farms and waste management. Athens will request extra European Union structural funds to help advances in these areas given the lack of liquidity in the local market.

“My immediate source of concern is cash, liquidity,” Samaras told Bloomberg in an interview published on Tuesday. “It’s crazy when you have companies that can really succeed, but lack access to finance.”

Samaras pointed to investment by companies such as IBM, Hewlett-Packard, Huawei and ZTE as evidence that the tide is turning. “We reached rock bottom and now we can only go up and we will go up,” he said.

The premier also underlined the government’s plans to build on the 2013 primary budget surplus, which Eurostat is expected to rubber-stamp today. “We expect by the year 2015 that we will have not simply primary surplus, but that we’re going to have a fiscal surplus,” he said. “This means we will be able on our own to pay our debt, without borrowing at all. There are very few European countries that are doing this today.”

Samaras also dismissed the idea that the coalition would “lose big” in next month’s local and European Parliament elections.

ekathimerini.com , Tuesday April 22, 2014 (20:38)  
Greek-Turkish diplomacy set to resume after Ankara ´mistake´
Laws separating drug dealers from users ‘not applied’
SDOE had ‘no order’ to inspect Lagarde list
Athens preparing reform proposals for Eurogroup
Four-star hotels more profitable than five-star units
Four-star hotels, such as this unit at Aghios Gordios on the Ionian island of Corfu, posted the biggest profit margins among the top three categories of hotels (three to five-star units) in ...
All personal finance data to be studied
The Finance Ministry plans to sift through mortgage and consumer loans, share holdings, bank account transactions, dividends and insurance contracts in a bid to locate undeclared incomes. He...
Inside Business
SOCCER
Marinakis fines Olympiakos players
Olympiakos president Evangelos Marinakis on Monday fined the team 500,000 euros for disappointing performances and called on them to make a «sacrifice» to win trophies or leave. "Olympiakos ...
SOCCER
Olympiakos´s Karembeu confident UEFA on top of racism
Olympiakos strategic advisor Christian Karembeu expressed his confidence on Tuesday that UEFA are getting to grips with racism in soccer after suffering abuse during the recent Greek derby a...
Inside Sports
COMMENTARY
Greece and the four month window of opportunity
As the dust begins to settle after the Eurogroup agreement extending the loan facility to Greece by four months, it is a good moment to have a look at where we should go from here. Much has ...
COMMENTARY
The Greek tax drama
Numbers alone can never interpret reality, not even a strictly financial one. Besides, the art of creative accounting has a number of fans in this country, many more, for the time being, tha...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Four-star hotels more profitable than five-star units
2. All personal finance data to be studied
3. Fitch in new downgrade warning
4. Flambouraris: Bank boards have been told to quit
5. Talks with Brussels on reforms for cash
6. Greek-Turkish diplomacy set to resume after Ankara ´mistake´
more news
Today
This Week
1. The Greek tax drama
2. Varoufakis to make six reform proposals at Monday's Eurogroup
3. Draghi’s QE moves to starting line as economic outlook brightens
4. Greece approved as recipient of EBRD funding through 2020
5. Convicted Conspiracy of the Cells Fire member to face magistrate
6. Investor survey shows 38 pct chance of eurozone break-up in 12 months
Today
This Week
1. Greece to make international protest over Turkey reserving Aegean air space
2. A fierce battle looms
3. SYRIZA feeling the pain
4. The Greek tax drama
5. The unlikely winners of Greece's surrender on euro
6. Tsipras reversal draws Greek sympathy as party rumblings rise
Advertiser Link
“AMF” PROJECT FINAL CONFERENCE-REGIONAL UNIT OF THESPROTIA
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.