On the table are new discounts at the beginning of 2025

New discounts on the horizon Insurance contributions The government is moving ahead with new subsidies for employers, and the main measure is to reduce employer contributions for employees from January 1, 2025. According to economic employees, insurance contributions will be reduced by half a unit. However, the final scenarios that the government is working on have not yet been finalized.

Reducing the burden on employers

Initially, the burden on employers will be reduced, while it remains uncertain whether the burden on employees will be reduced as well. Today, for a minimum wage of 830 euros, insurance contributions range between 60 and 70 euros.

Objectives and benefits

This regulation aims to increase the competitiveness of the Greek economy and companies. At the same time, the government believes that this measure will reduce tax evasion and boost the public treasury with revenues of 2.5 billion euros annually.

Reducing tax evasion

The government is also considering other measures to curb tax evasion and under-reporting, and tapping IRIS, point-of-sale systems and Recovery Fund funds for digital infrastructure.

Capital market and innovation law project

In this context, it is expected that a draft law will be presented to modernize the capital market. Finance personnel attach great importance to innovation and business combinations.

Simplifying the legal framework

In the near future, the government will propose to codify and simplify the legal framework to facilitate the business community.

Feedback from trade unions

However, trade unions warn that such a measure could reduce already limited pensions, due to the erosion of Greek wages during the years of economic crisis.