As summer deepens, attention is turning to the upcoming Thessaloniki International Fair (TIF) — a traditional platform for Greece’s government to unveil key economic measures. The anticipated package is expected to exceed €1 billion, though officials stress it will not involve dramatic fiscal expansion or significant deviation from existing budgetary commitments.
Early-Stage Planning, Final Decisions Post-August 20
The specific measures to be announced by Prime Minister Kyriakos Mitsotakis during the September fair remain under active discussion. According to sources at the Ministry of National Economy and Finance, no final inter-ministerial meeting has yet taken place to lock in the policy mix. Discussions are still at the level of broad proposals and strategic directions. Substantive drafting is expected to intensify after August 20, when Mitsotakis himself will become directly involved — reviewing options, requesting revisions, and prioritizing interventions.
Target Range: €1.2–1.3 Billion
While €1 billion serves as the working baseline, the economic team is exploring ways to modestly raise the total, likely toward €1.2–1.3 billion. However, sources caution that major or headline-grabbing deviations from this range are unlikely. Greece’s 2027 fiscal path has already been agreed with the European Commission, and cannot be substantially altered by short-term revenue outperformance alone.
This underscores the need to distinguish between genuinely new measures and policies already announced but scheduled to take full fiscal effect in 2027 — such as the completion of the abolition of pension income offsetting, and full ENFIA property tax exemption for primary residences in approximately 13,000 small settlements. These are budgetary costs for 2027, but they do not constitute part of this year’s TIF ‘basket’ of new initiatives.
Given the upcoming electoral cycle, this year’s announcements are also expected to reflect a broader four-year horizon — potentially widening their political scope without implying that all measures will be fully funded within the 2027 budget.
Tax Relief for Businesses and Households
A consistent guiding principle is balanced allocation of resources between businesses and individuals, primarily through targeted tax relief. There are no plans for a package aimed exclusively at one group — instead, the government is considering a blended approach: distinct support for the business sector alongside parallel relief for households.
Among business-focused proposals under discussion are: reducing advance corporate tax payments; revising the minimum deemed income threshold for freelancers; abolishing or reforming the business license fee for legal entities; and possible adjustments to the taxation of business profits. None of these have been finalized — the ultimate selection will depend on cost implications and how the overall package is distributed.
Reducing advance tax payments is viewed as particularly impactful for liquidity, since it lowers the amount businesses must pay upfront — easing cash flow pressures in the short term.