Greece’s Finance Minister Kyriakos Pierrakakis and the Bank of Greece Governor
Greece’s Finance Minister Kyriakos Pierrakakis and the Bank of Greece Governor Yannis Stournaras highlighted the positive momentum of the Greek economy, with a focus on investment, reforms, and the fight against tax evasion at the opening of the annual OT Forum today, saying that the country’s performance sends strong signals to both domestic and international business communities.
Opening the forum, Pierrakakis addressed the persistent issue of the shadow economy, which he said undermines prospects for fair and sustainable growth.
According to the minister, the shadow economy has significantly shrunk in recent years—from 30% to under 15% of GDP—a shift expected to be reflected in an upcoming IMF report. He emphasized the role of connecting POS systems with cash registers, a move recently recognized by international financial institutions during his visit to the IMF and World Bank Spring Meetings.
When asked whether Donald Trump’s return to the White House could impact U.S. investment in Greece, Pierrakakis noted that several American tech giants have already entered the market. “In 2019, Greece was on the U.S. trade ‘301 list’—a list you don’t want to be on. We got off that list, and then Google, Amazon, and Microsoft came,” he said.
In line with Pierrakakis’s message, Governor Stournaras
Content Original Link:
Read Full article form Original Source OIKONOMIKOS TAXYDROMOS
" target="_blank">Read Full article form Original Source OIKONOMIKOS TAXYDROMOS
