Greek Prime Minister Kyriakos Mitsotakis on Saturday announced generous income tax breaks to boost households with children, part of a tax reform worth 1.6 billion euros ($1.87 billion).
The plan, set to take effect in 2026, includes a two-percentage-point reduction in all tax brackets and a zero tax rate for low-income families with four children, addressing falling birth rates and high housing costs.
The reforms will be funded by strong economic growth, a higher-than-expected budget surplus, and improved tax collection.
Mitsotakis also pledged increased pensions and the removal of a real estate tax in remote areas to encourage young people to move away from big cities.
"We are all well aware that Greeks are struggling to make ends meet. Therefore our non-negotiable priority is to prop up their income," he said.
Despite these measures, Greece remains Europe’s most indebted nation, with disposable incomes lagging behind the EU average.
Mitsotakis’ New Democracy party has seen declining ratings, with opinion polls showing support at 22-25%, down from 41% in 2019. Thousands protested in Thessaloniki, calling for higher wages and better living standards.
Russian attacks on the cities of Kharkiv and Uman on 25–26 December 2025 killed at least two people and injured 14, local authorities reported....
The 2025 Shanghai Cooperation Organisation (SCO) Summit, held in Tianjin, China, has been hailed as one of the most significant gatherings in the bloc...
The move is intended to combine digital innovation and long-term infrastructure planning with further modernise urban mobility while strengthening the...
Japan's cabinet has approved a record-high $785 billion budget for the next fiscal year - including the largest allocation for defence spending ever....
Foreign aid and its political implications are at the centre of public debate in Georgia with mayor of Tbilisi Kakha Kaladze echoing U.S. Secretary of...
Russian attacks on the cities of Kharkiv and Uman on 25–26 December 2025 killed at least two people and injured 14, local authorities reported.
The tectonic plates of global trade and geopolitics are shifting, demanding that regional cooperative structures evolve to match new strategic realities.
The move is intended to combine digital innovation and long-term infrastructure planning with further modernise urban mobility while strengthening the country’s position as a key transit hub across Eurasia.
Foreign aid and its political implications are at the centre of public debate in Georgia with mayor of Tbilisi Kakha Kaladze echoing U.S. Secretary of State Marco Rubio's stance on USAID.
A majority of Russians expect the war in Ukraine to end in 2026, state pollster VTsIOM said on Wednesday, in a sign that the Kremlin could be testing public reaction to a possible peace settlement as diplomatic efforts to end the conflict intensify.
In 2025, Ukraine lived two parallel realities: one of diplomacy filled with staged optimism, and another shaped by a war that showed no sign of letting up.
It’s been a year since an Azerbaijan Airlines plane crashed near Aktau, Kazakhstan, killing 38 people. Relatives and loved ones mourn the victims, as authorities near the final stage of their investigation.
The White House has instructed U.S. military forces to concentrate largely on enforcing a “quarantine” on Venezuelan oil exports for at least the next two months, a U.S. official told Reuters, signalling that Washington is prioritising economic pressure over direct military action against Caracas.
Polish fighter jets on Thursday intercepted a Russian reconnaissance aircraft flying near Poland’s airspace over the Baltic Sea and escorted it away from their area of responsibility.
Russia is likely preparing to station its new nuclear-capable Oreshnik hypersonic ballistic missiles at a former airbase in eastern Belarus, a move that could extend Moscow’s strike reach across Europe, according to an exclusive Reuters report.
Russian attacks on the cities of Kharkiv and Uman on 25–26 December 2025 killed at least two people and injured 14, local authorities reported.
China has opened the world’s longest expressway tunnel to traffic in the Xinjiang region, across one of the country’s most challenging mountain areas.
South Korea’s special prosecutor has requested a 10-year prison sentence for former president Yoon Suk Yeol, accusing him of attempting to obstruct his arrest following his failed bid to impose martial law.
Japan's cabinet has approved a record-high $785 billion budget for the next fiscal year - including the largest allocation for defence spending ever.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment