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Saturday
17
Oct 2026
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Athens 14°C

> Kostis Plantzos

> Kostis Plantzos

Funds, credits and investments of over €2.5 billion in Defense in the coming years

From SAFE, the EIB, but also from non-allocated resources of the Recovery and Resilience Facility and the NSRF, the €2.5 billion for the next 4–5 years

Tariffs up to 50% on Temu and Shein packages – What the Ecofin agreement provides

Customs duty exemptions will be abolished in 2026 even for small parcels worth under 150 euros coming from China, Turkey, and countries outside the European Union

Tobacco products: Athens pushes for lower taxation, while the European Commission considers a 139% increase in the Excise Duty!

Italy and Romania align with Pierrakakis – Negotiations for smaller, gradual increases

Draft Budget: Additional permanent revenue through new measures against tax evasion & smuggling for 2026

The answer to where additional revenue will come from to fund benefits and tax cuts totaling €1.76 billion in 2026, without the need to impose new taxes to cover this cost for the public sector

Plans for a “Euro-tax” of up to €3 on cigarettes – Pierrakakis warns Ecofin of increased smuggling

With the new tax being considered in Europe, the price of a pack of cigarettes could reach up to €7. “When we raise taxes excessively, smuggling increases,” stressed the Greek Minister of Finance

What changes in taxation for young people: “Tax savings” for those up to 30 years old – See examples

What the “new” tax scale entails – A “velvet revolution” in the relationship between the tax office and the new generation of taxpayers – The details that make the difference

Fire in smokers’ pockets set by Brussels (charts)

The EU plans shock taxes on smoking and vaping – Increases in tobacco excise tax reaching up to 1,090%

The tax evasion of influencers: Five TV presenters, six models and one actress are being audited by the Hellenic Tax Authority

They were betrayed by their social media postings, banking transactions and opulent life - They started "bargaining" with their lawyers and accountants - They opened their accounts, their cash withdrawals and deposits, their tax returns and their "maiden name"

Who can expect a pay rise in 2025

The benefits that will see in their pockets in the new year more than 3 million households from wage and benefit increases and tax cuts - At 1.4 billion euros the total gain for society

Up to 50% lower commissions in banks – What Mitsotakis will announce in Parliament

And extra tax (ENFIA) on the 20,000 properties that keep closed - Legislative intervention to reduce excessive charges for withdrawals (banks keep 2 in 20 euros!), transfers and bill payments - Package of measures for more loans with better interest rates

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