Prime Minister Ludovic Orban stated on Friday that the budgetary deficit at ten months is, "in reality", much higher than 2.8 pct of the GDP. "We are at a minimum of investments for ten years now, we have reached a historical minimum of public investments in the past ten years.
A reduction in business tax from 28 to 24 percent for 2019 and incentives to link large investments to a reduction in taxable foreign income are some of several incentives for investments are some of the measures the government is seeking to introduce in a new draft bill that was presented for public consultation late on Thursday.
Greece will offer tax incentives to lure wealthy individuals to move their tax residence to the country as part of draft legislation on tax relief set to be announced on Thursday, a senior government official said.
Greece's conservative government is keen on attracting investments to boost the recovering economy's growth prospects.
September's tax revenues came in 125 million euros over the budget target, according to data published on Friday by the Finance Ministry.
Tax revenues reached a total of 36.238 billion euros over the first nine months of the year, against a projected 35.691 billion, beating the target by 547 million.
Seeking to kickstart Greece's sluggish real estate market, boost investments and bolster the construction sector, Prime Minister Kyriakos Mitsotakis announced on Wednesday night the suspension for three years of value-added tax payments on the sale of properties whose construction licenses have been issued since 2006.
The Road Infrastructure Agency has opened a tender process for selecting a contractor to carry out a rescue archaeological survey of a newly discovered archaeological site located at the 18th km along the Kalotina-Sofia ring road, the road agency said.
The deadline for submission is November 21, and the value of the public procurement is BGN 86 000 (VAT excluded).