Clear message for economic policy in the direction of acceleration of reforms in the state, her intensification of market price controls and the continuation of the effort reduction of tax evasion which will allow the further reduction of taxation, sent the economic staff of the government with its first interventions immediately after the restructuring.

THE an extraordinary contribution of 300 million euros in the 2023 refinery surplus it announced the Minister of National Economy and Finance Kostis Hatzidakis it was the last act in the “fan” of movements and decisions that unfolded in the previous days, starting with the announcements about the changes to DEKO and the announcement of the ASEP reform to speed up the recruitment procedures in critical areas of the Public Sector.

The minister also announced new bills that will include incentives (fiscal and other) to facilitate business mergers, support investments for research and innovation, as well as the establishment of the new National Investment Fund.

In the forehead of accuracy the economic staff of the government will insist on the policy of market controls alongside the meetings that will take place in the next period, of Minister of Development T. Theodorikakos mwith industrialists and supermarket owners. In the issue of the prices of the multinationals, the government is “investing” in the intervention it already made with the letter of the Prime Minister Mr. Mitsotakis to the President of the Commission to deal with the unjustified price increases imposed on the prices on the shelves by the multinationals, depending on the percentage of control that have in each market resulting in the same products being sold at different prices per country. With regard to tax policy, K. Hatzidakis sent the “signal” declaring that the government is not going to succumb to “fiscal populism” by promoting the need to reduce tax evasion in order to reduce taxation.

In more detail, the following emerges from the agenda of the announcements of the previous days:

DECO: With a new bill that will be submitted in the next period to the Parliament, changes will be foreseen that will give greater flexibility to the Administrations of DEKOs to implement policies and take decisions for their modernization. ELTA and the other DEKOs outside the general government will be able to hire general managers and managers from the private sector, with the decision of the CEO, the salaries will be freed, while recruitment will be accelerated as ASEP will only control their announcement. The procedures in their procurement regulation are also simplified and accelerated. Regarding the remuneration of the subsidiaries of the Superfund, within the general government (transport etc.) they will be determined based on the standard of the EFKA

Super Fund: The Superfund will absorb the TAIPED and the Financial Stability Fund. By the end of the year, the outstanding matter concerning the disposal of 18% of the shares of National Bank will be completed and the merger of Attica Bank with Pancreatia will be completed.

ETAD: The State Property Company will focus on mapping 36,000 properties. Of these, 6,000 will be evaluated in order to finally select 1,000 properties for which holding companies will be created in which interested parties can invest depending on the land use of each package. Part of ETAD’s real estate is considered to be allocated to address the housing problem.

National Investment Fund: It is created with initial capital of 300 million euros in order to invest in dynamic sectors of the economy that generate surplus value with the participation of additional capital.

Prices: The reduced VAT of 13% on hand-delivered coffee and Taxis is fixed with the aim of avoiding price increases. The deadline for the return of the tax to 24% expired at the end of June. At the same time, to strengthen market controls, 30 new executives are to be hired at DIMEA.

Taxation: A levy of 33% is imposed on the excess profits of the refineries in 2023, a measure from which 300 million euros are expected to be collected. The 250 million will be allocated to the end-of-year support for pensioners with a personal difference and the rest will be directed to the Public Investment Program.