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Greek Economy Faces Changes in Insurance Contributions and New Penalties for Fuel Smuggling

In Greece, decisions regarding the new rate for adjusting insurance contributions for hundreds of thousands of self-employed individuals are expected soon, effective January 1, 2025. The European Central Bank recently reduced interest rates, prompting analysis of potential impacts on the European economy. Additionally, fuel stations face stricter penalties for smuggling and tax evasion, with fines reaching up to €150,000. Statistics show a slight increase in turnover for Greek businesses, particularly in construction and administrative services, while some sectors like mining and manufacturing reported declines.

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