Kostis Hatzidakis

Prime Minister Mitsotakis says Greek ministers have until September to deliver key policy goals, warning them to "forget about vacations."

Greece's new government members were sworn in on Saturday morning and head straight to work through the first meeting of the new cabinet.

The most notable changes in the Greek cabinet reshuffle include Kostis Hatzidakis being appointed Deputy Prime Minister and Kyriakos Pierrakakis taking over as Minister of National Economy and Finance.

Economy Minister Kostis Hatzidakis: State-owned OSE needs to be upgraded, modernized - Ministry source: No issue of privatization, scant interest under present conditions

Mandatory installation of POS machines at practically all businesses, and by self-employed professionals takes a 'bite' out of tax evasion; 614% increase in declared revenue by carwashes

A permanent compensation mechanism is being established for those affected by the collapse of the insurance company "Aspis Pronoia," thus resolving outstanding life insurance compensation claims

Other priorities for 2025 include the completion of initiatives such as the national land registry, as well as investments in environmental sustainability.

Minister Costis Hatzidakis promised measures to deal with 3 main grievances vis-à-vis the country’s banks, namely, the spread between the paltry interest rates for deposits, as compared with rates tacked on to borrowing

On the sidelines of the meetings, the Greek minister is also expected to engage in discussions with other European officials.

The most prominent spending increase affects pension rates, which will be raised by 2.2% to 2.5%, on average

The agenda of the Eurogroup meetings will include discussions on the competitiveness of the Eurozone, the Capital Markets Union, and the digital euro, as well as the preparations for the Eurozone summit.

Minister Hatzidakis will be representing the Prime Minister, Kyriakos Mitsotakis at the meeting.

"We are determined to continue, more or less, in the same way, proceeding with all necessary structural reforms, sending the message that this country is investment-friendly," Mr. Hatzidakis said

The bill sponsored by New Democracy passed with 158 votes and amid strong opposition from other political parties and environmental protection groups

Those who obstruct public access to the sea, the shore, and the beach will face fines of up to €60,000.

Draft legislation aims to establish a clear legal framework that strikes a balance between effectively protecting coastlines, as an environmental element, while not hindering economic development

"The combination of political stability with the implementation of the right mix of economic policies is what sustains our optimism for the future. Of course, our economy is not enclosed in protective glass."

The specific Greek Loan Facility (GLF) loans were set to mature in 2024 and 2025. The GLF was the first bailout extended by Eurozone members and the IMF in May 2010.