Increasing revenues pave way for tax cuts
Prime Minister Kyriakos Mitsotakis announced forthcoming tax cuts as Greece’s economy stabilizes, with an eye on reducing VAT and income tax rates by the end of his term in 2027.
Tsitsipas reaches 3rd round at Paris Masters
Tenth-seeded Stefanos Tsitsipas of Greece beat Alejandro Tabilo 6-3, 6-4 to reach the third round of the Paris Masters on Tuesday and stay in contention to reach the season-ending ATP Finals for the top eight players.
Bauhaus touch to revive neglected Athens waterfront
The European Commission has approved €370 million for Athens’ Faliro Bay Metropolitan Park, a part of the New European Bauhaus initiative and long delayed since initial planning in 2016.
Actions in place to boost wine tourism
Deputy Minister of Tourism Elena Rapti met with Chair of the National Wine Tourism Committee Mary Triantafyllopoulou to discuss the growing development of wine tourism in Greece and the Ministry of Tourism’s initiatives to promote and highlight wine routes.
Cyprus emerging as key regional ally for US
In what is seen as a pivotal meeting at the White House, President Joe Biden welcomes Cypriot President Nikos Christodoulides on Wednesday to discuss strengthening bilateral ties amid escalating tensions in the Eastern Mediterranean.
Assistant Secretary O’Brien to meet Greek and Turkish ambassadors ahead of Biden-Christodoulides talks
US Assistant Secretary of State James O’Brien will meet jointly on Wednesday with Greece’s Ambassador to the United States Ekaterini Nassika and her Turkish counterpart, Sedat Onal.
Brussels approves RRF aid for Prinos storage facility
The European Commission said on Monday it had approved a Greek measure to support the construction of a carbon storage facility at Prinos with 150 million euros made available through the Recovery and Resilience Facility (RRF), under EU state aid rules.
Government says battle for ‘brain gain’ almost won
Government spokesperson Pavlos Marinakis referred to the government’s efforts to bring about a so-called “brain gain,” encouraging the return of a generation of young and productive Greeks who had left during the economic crisis, noting during his briefing to the press on Tuesday that this was one “great challenge” that appeared to have been won.
First A-level credit rating for Cyprus
Scope Ratings has upgraded Cyprus’ credit rating to A- from BBB+, marking the country’s first A-level rating from a major credit agency.
Pension hike to exceed 13% in last three years
The cumulative increase in pensions over the last three years will significantly exceed 13%, Deputy Labor and Social Security Minister Panos Tsakloglou said in an interview with the Athens-Macedonian News Agency on Sunday.