Greek Government Outlines Future Business Support Priorities and Fiscal Constraints

Greek Finance Minister Kyriakos Pierrakakis stated that the government will prioritize new business support measures only if additional fiscal space emerges in future years. These priorities include further cuts to advance tax payments and the elimination of a professional activity levy. Mr. Pierrakakis noted that a 5-percentage-point cut to the advance tax payment alone would cost approximately €400 million in its first year. The government also aims to continue lowering advance payments year over year.

The announcement provides insight into the fiscal constraints facing the Greek government as it balances business support against its current fiscal capacity. The retail sector is noted to account for 10.9% of Greece's GDP, contributing €181.3 billion in turnover in 2025 and employing around 760,000 people.