AGP Executive Report
Last update: 34 minutes agoEconomic Policy & Cost of Living: Prime Minister Kyriakos Mitsotakis used the Thessaloniki International Fair to unveil a €2.2bn 2027 package mixing tax cuts, income support and social measures, including abolition of income tax for professional farmers up to €20,000, a minimum-wage push, lower private-sector contributions and higher pension allowances. Housing & Investment Rules: Greece is raising the property-transfer tax on non-EU buyers to 15% from 3%, signaling a tougher stance on foreign real-estate demand and its impact on affordability. Monetary Policy: The ECB is expected to lift its deposit rate by 25 bps to 2.5% as energy-price pressure from the Middle East keeps inflation risks alive, squeezing borrowers via higher Euribor. EU Travel & Border Management: Entry/Exit System (EES) flexibility ends Sunday, with renewed expectations of longer queues at EU borders unless some countries’ technical issues delay full biometric checks. Energy & Regional Links (Cyprus): Cyprus’ energy interconnection plans face growing political uncertainty, with calls for official briefings over the Greece-linked power project. Business & Finance Outlook: Moody’s says Greece is borrowing relatively cheaply thanks to post-crisis reforms and improved credibility, even as global bond yields rise. Hospitality Trade: XENIA 2026 returns to Metropolitan Expo (Nov 21-23) with 500+ exhibitors focused on hotels, tourism and digital upgrades. Scam Watch: A Paphos pensioner reports being hit twice in a crypto investment scam, first via a social-media ad and later through “recovery agents.”
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