Tax cuts expected to be announced by Greek PM

Tobias SCHWARZ / AFP

The prime minister of Greece is expected to announce tax cuts for companies and pro-business reforms to ease the nation's fiscal target from 2021.

Conservative premier Kyriakos Mitsotakis replaced his leftist predecessor Alexis Tsipras two months ago on pledges to revamp Greece's economy a year after the end of its third international bailout.

Greece remains under financial surveillance to ensure it meets its fiscal targets.

Mitsotakis says his government is confident of achieving a primary budget surplus – which excludes debt-servicing costs -- of 3.5% of GDP in 2019 and 2020, as agreed with European lenders.

More from Business News

News

  • Mohammed bin Rashid Al Maktoum Global Initiatives resumes food aid to Gaza

    In line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, the Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI) has announced the resumption of food aid deliveries worth AED43 million to the Gaza Strip,

  • DoH launches Future Health Initiative

    Under the directives of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, Future Health – A Global Initiative by Abu Dhabi (Future Health) has been launched by the Department of Health – Abu Dhabi (DoH).

  • Salik to apply peak-hour toll rates for Dubai Ride

    Toll gate operator Salik said it will charge peak-hour fees on Sunday, November 2, as the Dubai Fitness Challenge's first flagship event - Dubai Ride - gets underway.