Thessaloniki Fair Package After Israel-Iran Ceasefire

Following the ceasefire between Israel and Iran, the economic team is proceeding with the planning of the measures package for the Thessaloniki International Fair (TIF). Final decisions are expected in August, focusing on measures for housing, strengthening vulnerable groups, and facilitating citizens' daily lives.

The ceasefire removes concerns about a resurgence of inflation due to a potential crisis in fuel prices. The Eurogroup's decisions on July 7 will play a significant role, where the country's fiscal space is expected to be ratified, estimated at 500 million euros for 2026.

A key focus of the TIF announcements will be the reduction of tax burdens for the middle class, while measures are being considered to address the housing problem, such as incentives for owners and support for tenants. The utilization of more than 30,000 properties held by banks and servicers is also being promoted.

For the five-month period of January - May, the primary surplus amounted to 5.34 billion euros, significantly exceeding the target.