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K. Hatzidakis
Six challenges for the Greek economy in 2024
The Greek economy's six challenges for 2024 were highlighted by the Fin Minister Kostis Hatzidakis
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K. Hatzidakis

The Greek economy's six challenges for 2024 were highlighted by the Fin Minister Kostis Hatzidakis at an event on Monday, although he underlined that Greece has 'turned the page'.

Addressing the 34th Greek Economic Summit (GES2023) by the American-Hellenic Chamber of Commerce, K. Hatzidakis stated the following challenges:

  1. Maintaining resilience, with a mix of fiscal responsibility and development prospects
  2. Boosting competitiveness, as seen already in the sectors of pharmaceuticals, agrofood, and renewable energy sources, followed by accelerating the administration of justice and further upgrading public administration and the banking sector
  3. Extroversion, with a goal of exports reaching 60% of GDP by 2027 and 70% by 2030; supporting businesses for green transition
  4. Restricting tax evasion; Short term rentals’ revenues have increased ten fold in the last decade
  5. More effective use of state-owned properties, including real estate along the Greek coastline and skiing centers
  6. Boosting citizens' available income 

"The plan is to make Greece resilient to crises. We will not allow progress achieved so far to go to waste," K. Hatzidakis told the GES2023, which is taking place on Monday and Tuesday in Athens.

 

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