In an effort to bolster disposable income and provide relief to businesses, the Greek government is launching a €2.2 billion intervention package for the 2026-2027 period. The plan includes 12 pivotal measures spanning taxation, labor, housing, and family support.
The 12 Pillars of Intervention
At the heart of the announcements is the gradual increase of the minimum wage to €1,000 within 15 months, alongside the abolition of the annual business fee (telos epitidefmatos), starting from regional Greece in 2027 and reaching Attica by 2029. Additional measures include:
- A new housing program, 'Spiti Mou 3,' valued at €2 billion.
- An investment account for newborns with state matching (a 'piggy bank' exceeding €60,000 at age 18).
- Income tax exemption up to €20,000 for families with three children and professional farmers.
- A permanent €500 Christmas bonus for civil servants starting in 2027.
Implementation Roadmap
The rollout begins in the fall of 2026. On September 25, retroactive double rent payments for 2024 will be issued to doctors, nurses, and teachers, followed by a €400 bonus for pensioners over 65 and individuals with disabilities in November.
2027 is set to be the year of major fiscal shifts. Starting January 1st, disability benefits will be indexed to inflation, and utility charges (UKO) on electricity bills will be halved. In April 2027, the minimum wage hike will take effect, alongside a 0.5% reduction in social security contributions for the private sector.
During the 2027 tax filing period (March-July), tax reliefs totaling €884 million will be activated. These include the reduction of imputed income criteria for compliant self-employed professionals and the abolition of ENFIA property tax in settlements with fewer than 2,000 residents.
