Mitsotakis Unveils Multi‑Year Economic Blueprint at Thessaloniki Fair

# Prime Minister Kyriakos Mitsotakis launched a multi‑year economic plan at the opening of the 90th Thessaloniki International Fair.

Mitsotakis spoke from the Ioannis Vellidis Conference Center and began by saying he was optimistic about the roadmap he would present.

He emphasized that the announcement would not be a list of isolated measures but a plan built on three pillars, drawing on the government’s two previous terms and the term ahead.

The first pillar targets freelance professionals and small‑ and medium‑sized enterprises. Presumptive income thresholds are being reduced for professionals with a consistent tax record, and surcharges tied to turnover and staff payroll are being abolished.

In settlements with fewer than 2,000 residents – 2,900 in Central Macedonia – the same thresholds are cut in half, easing the tax burden on local businesses.

The plan also benefits farmers and livestock breeders. Professional farmers earning €20,000 will pay zero tax, and a full recovery programme for livestock farming will be funded with additional EU money and a restocking of lost herds.

Energy reforms form the second pillar. Mitsotakis said the wholesale price of electricity will be reduced by 30 % between 2027 and 2029.

He added that public‑service compensation (YKO) charges on household bills will be cut by half starting January 2027, lowering the cost of electricity for consumers.

Housing policy receives a dedicated €2 billion “My Home 3” programme, financed through the Hellenic Development Bank.

The government will also raise the ENFIA property‑tax exemption threshold to settlements of up to 2,000 residents, and to 2,200 in Western Macedonia, effective 2027.

A new property‑transfer tax of 15 % will apply to home purchases by non‑EU citizens, aimed at buyers from China, Turkey and Israel.

Mitsotakis outlined a detailed implementation timetable. Double rent subsidies for doctors, nurses and teachers for the 2024 tax year will be paid retroactively on 25 September 2026.

A new fuel‑excise tax refund system for farmers will launch on 1 November 2026.

Regular rent subsidies and double subsidies for medical and teaching staff for the 2025 tax year will be paid on 30 November 2026, the same day a €400 benefit will be distributed to all pensioners over 65, people with disabilities and uninsured elderly citizens.

Increased January pensions, indexed to inflation and GDP growth without offsetting the personal difference clause, will be paid by the end of December 2026.

Looking ahead to 2027, the tax rate for families with three children will be reduced to zero on income up to €20 000 from 1 January.

Disability benefits will be indexed, and YKO charges on household electricity will fall from €6.9 per MWh to €3.45 per MWh.

The “Piggy Bank for the New Generation,” a special investment account for infants up to age two, will launch in January 2027 alongside the My Home III programme.

ENFIA property tax will be abolished in settlements of up to 2,000 residents – or 2,200 in Western Macedonia – from mid‑March 2027, coinciding with the issuance of ENFIA assessments.

The minimum wage will rise on 1 April 2027, triggering a across‑the‑board increase for public‑sector employees, seniority increments and allowances.

Social‑security contributions for private‑sector employees will be cut by 0.5 percentage points on the same date.

Mitsotakis also expressed condolences for the two F‑4 Phantom pilots who died during the Athens 2026 Flyweek at Tanagra airbase, noting that the nation’s thoughts are with their families.

The breadth of the plan signals the government’s intent to translate the “strong foundations” it claims to have built into a “Greece of 2030.”

If implemented as outlined, the tax cuts, energy price reductions and housing investments could boost disposable income for freelancers, SMEs and rural producers.

Critics have warned that the increased property‑transfer tax on non‑EU buyers may deter foreign investment, while the fiscal impact of the housing programme and tax cuts will require careful budgeting.

The roadmap’s success will depend on the timing of EU funding, the efficiency of tax‑administration reforms and the government’s ability to sustain the projected cuts in electricity wholesale prices.

Mitsotakis concluded by urging Greeks to reap the fruits of past efforts, positioning the plan as a bridge between current achievements and the target of 2030.

The speech marks the first public rollout of the three‑pillar strategy, and the next months will test the administration’s capacity to move from announcement to execution.