Organization for Economic Cooperation and Development

Bill establishing minimum corporate taxation submitted to Parliament

The Economy and Finance Ministry has submitted to Parliament a draft taxation bill that foresees the establishment of a minimum tax rate of 15% for large multinational companies as well as large Greek groups.

The bill belatedly transposes a relevant European Union directive, that entered into force on January 1, into Greek legislation.

Croatia Backs Bulgaria's Schengen and Eurozone Accession Amid Ministerial Talks

In a significant diplomatic stride, Croatia has voiced unwavering support for Bulgaria's aspirations to join the Schengen area and the Eurozone during a high-profile visit by Bulgarian Deputy Prime Minister and Foreign Affairs Minister Mariya Gabriel.

Greek families get little help in form of decent salaries and tax breaks

Workers in Austria are guaranteed a 30% increase in their net salary as soon as they have a second child, as deductions for taxes and social security are reduced. The Germans have the same treatment. The Belgians are even more fortunate, with an increase of 32%, the French are limited to 24% and the Czechs to 21%.

Greek prices among highest

Greece has the second most expensive "basket" of basic household purchases among five European countries. These include countries with a much higher per capita income, such as Germany and Spain, but also countries with similar features to Greece's in terms of income and market size, such as Portugal, and developing economies such as Romania.

Bulgarian Employers Push for Schengen and Eurozone Entry Amidst Reform Demands

Bulgarian employers, represented by major organizations including the Confederation of Employers (KRIB), the Chamber of Commerce (BCC), the Chamber of Commerce and Industry (CCI), and the Association of Industrial Capital (AIC), have outlined their business priorities for the year, emphasizing the need for significant reforms in the country.

Retail prices keep increasing

A typical supermarket "basket" in Greece may be cheaper compared to other European countries, but it is not cheap, as the difference with other countries is very small, while the difference between incomes in Greece and Europe is often chaotic. 

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