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Mitsotakis: Chevron and Helleniq Energy participation recognizes Greece’s energy and geopolitical importance

Greek PM Mitsotakis highlights Chevron’s energy investment significance, announces major tax relief measures benefiting 4 million taxpayers worth €1.7 billion.

Mitsotakis: Chevron and Helleniq Energy participation recognizes Greece’s energy and geopolitical importance
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The participation of Chevron and Helleniq Energy in the international tender for the four offshore blocks south of Crete and the Peloponnese sends a “strong message of recognition of Greece’s energy and geopolitical significance,” as Prime Minister Kyriakos Mitsotakis emphasizes in his customary Sunday post.

Read: Hydrocarbons: New chapter in Crete through Chevron, potential resources of 200 billion cubic meters in the Ionian

At the same time, however, “it also constitutes a de facto recognition of our undisputed sovereign rights in our territorial waters south of Crete.” “The path to exploiting our country’s underwater mineral wealth was opened with the Maniatis law during the 2012-2014 period, and thanks to our government’s careful and methodical planning, already since 2020 we have reached this result which, I will say again, transcends the dimensions of an investment venture,” he underscores.

On the measures he presented from the TIF podium

At the same time, the Prime Minister referred in detail to the measures he presented from the Thessaloniki International Fair podium, which he described “as a reform with a national, demographic, developmental, intergenerational and spatial character. For a Greece that is stronger and more self-sufficient, with everyone, for everyone.” As he emphasizes, this is a “reform that returns to the entirety of Greek society, our most vulnerable fellow citizens as well as the middle class, the fruits of our collective efforts from 2019 to today, without threatening our fiscal balance.”

He refers in detail to the horizontal tax reductions, “which bring increases in disposable income for public and private sector employees, pensioners, freelancers and farmers, as well as generous relief for families, young people, property owners and residents of villages and border islands.” These are measures, as he notes, “that will have a positive impact on at least 4 million taxpayers, totaling over 1.7 billion euros, to which we must add our permanent interventions worth 1.5 billion euros that were already announced a few months ago, after the Budget was voted, with most being implemented from this November.”

These measures are the result, as he explains, of the “economic overperformance in 2024.” A development that, according to the Prime Minister, “did not come by chance, it was the result of difficult but necessary reforms.”

“The plan increases everyone’s income as a bulwark against inflation“

“The plan we are implementing increases everyone’s income as a bulwark against inflation, and emphasizes the Greek family, recognizing that for a household, the cost of not having children is not the same as the cost of raising two or three children,” he points out.

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