Tag: emigration

greek baby child allowance

Greece Introduces Financial Incentives and Tax Breaks to Address Declining Birthrates

Greece has unveiled a set of financial incentives and tax breaks aimed at addressing its declining birthrate, one of the lowest in Europe. Despite investing about one billion euros annually in pro-child initiatives, the country recorded its lowest birthrate in 2022. Experts remain skeptical about the effectiveness of these measures and emphasize the need for broader structural improvements to tackle the underlying issues.

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Greece’s Efforts to Reverse Brain Drain Amid Continued Emigration

Between 2010 and 2021, about 600,000 educated Greeks left the country, prompting the finance ministry to offer tax incentives to encourage their return. Despite these efforts, emigration continues, though at a reduced rate. The Greek government, under Prime Minister Kyriakos Mitsotakis, is working to reverse this trend by offering a 50 percent tax rebate for returning expatriates. However, challenges remain, including low living standards and high unemployment, which make it difficult for many to return.