Package for the Strengthening entrepreneurshipthe employment and exemption of large categories of households and businesses from the burdens of the past, implements the government’s financial staff.

Is going to For three interventions aimed at raising cheaper money than small and medium -sized enterprises through the Stock Exchange, further reducing the non -wage costs of all companies as well as the ability to regulate the favorable terms of red loans of broader borrowers (businesses and households).

The first two have already been announced by the Ministry of National Economy and Finance, and the third has been launched by the Ministry of Labor in the government’s attempt to create the conditions for boosting the development dynamics of the Greek economy. They relate to the new bill to upgrade the capital market, the doubling of the criteria for joining the out -of -court regulation of red loans presented by the Minister of National Economy and Finance Kostis Hatzidakis last week as well as the reduction of insurance contributions for overtime and overtime contributions. Labor Minister Niki Kerameos announced.

Having secured fiscal stability and launching new tax cuts for the middle class to be announced in September at the Thessaloniki International Exhibition, the government, as the Minister of Finance has announced, is now prioritizing economic policy to address specific problems that are facing major business and business problems. in order to improve the economic environment and achieve higher growth rates of the economy.

Upgrading capital market

The Bill on Upgrading the Capital Market provides New alternative ways of pumping cheap capitaln for small and medium -sized enterprises through the Stock Exchange. With the bill, among other things:

(a) The expense deduction for the introduction of small and medium -sized enterprises is significantly increased. Specifically, the deduction of expenditure on the preparation of these businesses into the Stock Exchange is doubled.

(b) The tax rate on interest rates of listed corporate bonds acquiring natural persons – tax residents of Greece is reduced from 15% to 5%. This formulates a uniform tax treatment regime of domestic and foreign investors for interest income, regardless of the place of brokerage trading of these bonds (Greece, European Union, non -EU countries).

(c) The motives that apply to investment angels (Angel Investors) and investment in the alternative market are expanded. According to these incentives, an amount equal to 50% of their contribution is deducted from taxable income, up to € 300,000.

(d) increases from 5 to EUR 8 million per year the turnover threshold for the issuance of an information bulletin instead of information on public securities. This facilitates the access of SMEs to ATHEX. As the cost of issuing an information card, which also provides substantial information to investors, is significantly lower than the corresponding cost for the issuance of a newsletter.

Arrangements for red loans

The new arrangements announced by the Treasury doubles the income and property criteria for accession. This means that more debtors will be able to join the mechanism and regulate their loan on particularly favorable terms concerning, among other things, a debt reduction of up to 28%. On the basis of the previous regime, only the vulnerable households had the right to join the out -of -court. Debtors will now be able to join 300,000 euros with a ceiling of non -performing bank debts. To date, 30,515 red loans have been settled through the out -of -court debt for a total of 10 billion euros. The new regulation estimates that there will be a significant increase in the arrangements and the total amount of red loans to be settled.

Reduction of contributions

The Ministry of Labor is promoting the reduction in overtime for overtime, overwork, nightclubs and holidays. This measure attempts to reduce the non -wage costs of businesses as an incentive to reduce undeclared work and increase recruitment. It is noted that by 2019 insurance contributions have been reduced by 5.5 percentage points.