He dominated out any chance 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). “Do not imagine any rumor, there may be not one in a trillion instances that an extension can be granted”, famous Mr. Hatzidakis, underlining that the completion of this emblematic undertaking “is primarily a matter of tax justice and an vital instrument in coping with tax evasion”.
As well as, he recalled that:
– Already at the moment, half of the businesses have made the interconnection, whereas based mostly on the appointments scheduled till the tip of April, 90% of the interconnections may have been accomplished. “So what are we going to do? Shall we embrace 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 am unable to think regarding we wish 90% paying and 10% not paying. It isn’t truthful by way of competitors between companies,” he stated.
– It’s a milestone within the Restoration and Resilience Fund. As Mr. Hatzidakis defined, “which means if the undertaking shouldn’t be accomplished on time, the nation’s funding from Brussels can be partially interrupted. And we will not stand that.”
Mr. Hatzidakis listed the initiatives taken by the federal government to strengthen 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 solely helps small and medium enterprises, the Restoration and Resilience Fund and the Hellenic Improvement Financial institution. As he stated:
– By the mortgage arm of the Restoration and Resilience Fund, a complete of 1.6 billion euros in low cost loans have been given to small and medium-sized enterprises and it’s deliberate to help greater than 100,000 small and medium-sized enterprises to hold out their digital transition.
– There are additionally extra funds out there for the digital and inexperienced transition of SMEs via the Hellenic Improvement Financial institution.
About her financing of small and medium enterprises from the banks, Mr. Hatzidakis reminded that final December, the likelihood for non-banking establishments to offer housing and enterprise loans was legislated, as is the case in different EU international locations, so as to strengthen competitors and improve provide. Nonetheless, 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 stated, the right functioning of the banking system by way of competitors is vital to supporting the true financial system.
As well as, Mr. Hatzidakis referred to his constructive course extrajudicial mechanism, via which 29,000 of our fellow residents have settled money owed that exceed 11 billion euros. “This important 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 additionally an obligation for the Banks, the servicers and the State to just accept the proposal of the extrajudicial mechanism for weak debtors. We’re not miracle staff, however from 92 billion euros in 2019, dangerous loans reached 73 billion euros in 2023,” he famous.
THE Minister of Nationwide Economic system and Finance he referred to the modifications introduced by the draft legislation on the Tax Process Code, which is beneath session. He famous that 236,000 residents might settle their pending money owed resulting from 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 supplied to settle the money owed of those that are in a “gray zone” and are susceptible to being labeled as purple.
Referring to 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’s going to proceed to ship the message that from the black sheep of the EU in earlier years, Greece has grow to be a rustic of alternatives for investments. As he stated, as Greece and the financial system rise, so do companies and staff and unemployment decreases.
Concerning the European elections, Mr. Hatzidakis acknowledged that “it is very important ship a message in favor of the steadiness of the nation. After the June 2023 elections we have now the benefit of mixing a sound financial coverage with political stability. If this “waters down” with the outcomes of the European elections, I can’t assure that issues will go simply as nicely and there can be no doubts concerning the course of our nation. We are going to proceed to do our work in any case, however I’m obliged to warn concerning the penalties of a local weather of potential political instability”.
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