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Greek Prime Minister Kyriakos Mitsotakis unveiled part of his economic recovery plan at the opening of the Thessaloniki International Fair, September 7, 2019. REUTERS / Alexandros Avramidis

The Greek Prime Minister, elected two months ago, unveiled Saturday for the first time part of the economic policy he intended to lead. Kyriakos Mitsotakis has promised tax cuts. He spoke not in front of the Parliament but at the Thessaloniki fair, which marks the economic and political return every year.

Shortly after succeeding Alexis Tsipras's left-wing government in early July, conservative Kyriakos Mitsotakis has made it a priority to boost growth and investment.

He announced yesterday a series of reforms to this effect. The new Prime Minister plans to reduce corporate income tax from 28% to 24% and dividends from 10% to 5% ...

A reform that should, according to him, attract foreign investors, which he went to boast, last month, the opportunities offered by his country, during a tour that took him to Germany, France and the country. -Low. In late August, the head of the government had already announced the lifting of any restrictions on the control of capital placed in banks, and this as of September 1.

Kyriakos Mitsotakis also plans to revitalize the real estate sector, which is vital for the Greek economy and which has lost almost half of its value since 2009. Another provision: a tax relief for low income. The tax rate will increase from 20 to 9% for individuals who earn up to 10,000 euros per year.

Bold reforms for a country emerging from a third international bailout a little over a year ago. Greece's economy, which remains under budget surveillance, is still fragile ... European creditors expect growth of 2.2% this year.

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