Prime Minister Kyriakos Mitsotakis announced a €2.2 billion package for 2027 at the 90th Thessaloniki International Fair.
The measures concern employees, public servants, pensioners, the self-employed, farmers, families, people with disabilities, tenants and small and medium-sized businesses.
Pensioners
The annual payment rises from €300 to €400 and will be paid every November.
From November 2026, eligibility is expanded to all pensioners over 65, alongside people with disabilities and uninsured older people.
Public servants
A permanent Christmas allowance of €500 gross will be introduced from December 2027 for around 720,000 public servants.
The payment will also count towards pensionable earnings.
Further increases linked to the minimum wage are planned, totalling up to €80 gross a month by January 2028.
Wages and social-insurance contributions
The minimum wage is expected to reach €1,000 in January 2028, or up to €1,300 when three-year seniority increments are included.
Employees' private-sector social-insurance contributions will fall by half a percentage point from April 2027.
The self-employed
Presumptive-income calculations will be reduced for more than 155,000 compliant self-employed taxpayers by removing increases linked to turnover and staff payroll.
A 50% reduction is also planned for professionals working in settlements of up to 2,000 residents.
Advance income-tax payments fall from 55% to 50% from tax year 2027.
The business levy is also to be abolished outside Attica. In Attica, it will be reduced by 50% in 2028 and abolished in 2029.
Farmers
Professional farmers will pay no income tax on earnings up to €20,000, while the tax-free threshold is also increased.
From 1 November 2026, agricultural diesel excise-duty refunds will begin under a new system applied directly at the pump.
The Prime Minister also referred to the need to rebuild livestock farming and restore lost herds.
Families and demographic policy
A “Savings Pot for the New Generation” will be created: a dedicated investment account for children up to two years old.
Parents will be able to deposit money, matched by the state up to €1,200 annually. Over eighteen years, the account could reach as much as €60,000, according to the announcement.
Parents of three children will pay no income tax on earnings up to €20,000.
For larger families, the birth grant increases by €1,000 for each additional child born after January 2026.
People with disabilities
All disability allowances will be indexed to inflation from 2027.
The measure concerns around 218,000 people, with an average annual benefit of approximately €220.
Housing and rent
The My Home 3 programme will total €2 billion and operate through the Hellenic Development Bank.
The property-transfer tax on home purchases by citizens of countries outside the European Union will rise from 3% to 15%.
ENFIA property tax will be abolished in settlements of up to 2,000 residents from 2027. The extension covers another 131 settlements and approximately 650,000 people.
Rent refunds are also planned, with a double refund for doctors, nurses and teachers serving in areas with acute housing needs.
Electricity
The Government aims to reduce wholesale electricity prices progressively by 30% over 2027–2029.
From January 2027, Public Service Obligation charges on household bills will be halved, from €6.90 to €3.45 per MWh.
Small-business finance
A total of €1.5 billion from the Recovery Fund will be transferred to the Hellenic Development Bank to support SMEs.
Of this, €1.1 billion will fund loans and €400 million guarantees.
A progressive reduction in companies' advance tax payments from 80% to 50% is also planned.
Most tax interventions will begin to appear in 2027 tax returns, while several measures will be introduced gradually from autumn 2026 and during 2027.
