He dominated out any risk of extending the interface of money registers with POS the Minister of Nationwide Economic system and Finance Kostis Hatzidakis talking yesterday on the worldwide Convention, Way forward for Retail 2024, of the Hellenic Confederation of Commerce and Entrepreneurship (ESEE) and to the journalist Mr. Nikos Rogakos.
“Do not imagine any rumor, there may be not one in a trillion circumstances that an extension might be granted”, famous Mr. Hatzidakis, underlining that the completion of this emblematic challenge “is primarily a matter of tax justice and an vital software in coping with tax evasion”.
As well as, he reminded that: Already at present half of the businesses have made the interconnection, whereas primarily based on the appointments scheduled till the tip of April, 90% of the connections can have been accomplished. “So what are we going to do? Let’s consider to 90% you’re the clowns of the case and 10% would be the good ones who will smile on the well being of the clowns? You need it; I can not think about we wish 90% paying and 10% not paying. It isn’t honest when it comes to competitors between companies,” he mentioned.
It’s a milestone within the Restoration and Resilience Fund. As Mr. Hatzidakis defined, “which means if the challenge will not be accomplished on time, the nation’s funding from Brussels might be partially interrupted. And we won’t stand that.”
Mr. Hatzidakis listed the initiatives undertaken by the federal government to assist small and medium enterprises. He underlined the discount of taxes and insurance coverage contributions with the New Democracy authorities. Whereas he recalled the vital monetary instruments that companies have via the NSRF, which by definition completely helps small and medium enterprises, the Restoration and Resilience Fund and the Hellenic Improvement Financial institution. As he mentioned:
By means of the mortgage arm of the Restoration and Resilience Fund, a complete of 1.6 billion euros in low-cost loans have been given to SMEs and greater than 100,000 SMEs are deliberate to be supported to make their digital transition.
There are additionally extra funds accessible for the digital and inexperienced transition of SMEs via the Hellenic Improvement Financial institution.
Concerning the financing of small and medium enterprises by banks, Mr. Hatzidakis reminded that final December it was legislated to permit non-bank establishments to supply housing and enterprise loans, as is the case in different EU international locations, in an effort to improve competitors and enhance provide. Nevertheless, he emphasised {that a} situation for banks to have the ability to give loans to companies is that the latter don’t declare that they’re loss-making. As he mentioned, the correct functioning of the banking system when it comes to competitors is vital to supporting the actual financial system.
As well as, Mr. Hatzidakis referred to the constructive course of the out-of-court mechanism, via which 29,000 of our fellow residents have settled money owed that exceed 11 billion euros. “This vital acceleration is because of what we instituted final December: an extra “haircut” of as much as 28% of the debt in collateralized loans, a discount of the rate of interest for all debt preparations to three% for 3 years, but in addition an obligation for the Banks, the servicers and the State to simply accept the proposal of the extrajudicial mechanism for susceptible debtors. We aren’t miracle employees, however from 92 billion euros in 2019, unhealthy loans reached 73 billion euros in 2023,” he famous.
The Minister of Nationwide Economic system and Finance referred to the adjustments introduced by the invoice for the Tax Process Code, which is beneath session. He famous that 236,000 residents might settle their pending money owed as a consequence of miscommunication with the tax workplace and tax system issues from the previous decade. “It isn’t a restart of installments. It’s settlement of a pending matter. Many taxpayers proceed to pay whereas they’ve missed a number of installments within the meantime”, famous Mr. Hatzidakis, underlining {that a} resolution is being offered to settle the money owed of those that are in a “gray zone” and are susceptible to being labeled as crimson.
Referring to the prospects of the Greek financial system, Mr. Hatzidakis emphasised that Greece ran in 2023 with progress charges 5 occasions that of the Eurozone regardless of the antagonistic impact of main pure disasters. He expressed his optimism for the long run, emphasizing that if the nation continues with the identical pro-investment and pro-business coverage, with fiscal seriousness and political stability, it would proceed to ship the message that from the black sheep of the EU in earlier years, Greece has change into a rustic of alternatives for investments. As he mentioned, as Greece and the financial system rise, so do companies and employees and unemployment decreases.
Concerning the European elections, Mr. Hatzidakis said that “you will need to ship a message in favor of the steadiness of the nation. After the June 2023 elections we’ve got the benefit of mixing a sound financial coverage with political stability. If this “waters down” with the outcomes of the European elections, I can not assure that issues will go simply as properly and there might be no doubts concerning the course of our nation. We’ll proceed to do our work in any case, however I’m obliged to warn concerning the penalties of a local weather of attainable political instability”.
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