Association of Large Investment Projects: Reforms for a resilient economy, let's capitalise on positive developments

08:34 - 27 June 2025

Economy

The Association of Large Investment Projects has underlined the need to capitalise on "positive economic developments and implement the required reforms, so that we can create a resilient economy, with great future potential and high growth rates."

In a statement, the Association states that "structural reforms in vital sectors, significant changes in the way the public sector operates are required to increase productivity, as well as simplification of legislation and regulations, digitalisation of public services and reduction of bureaucracy."

Referring to suggestions it has submitted, the Association states that in combination with the necessary securing of resources for the provision of assistance and support measures for vulnerable social groups, "the possibility of a new tax amnesty along the lines of the one that was successfully implemented in the past should be considered."

Furthermore, it refers to the need "to give those who wish the opportunity to prepay part or all of their tax obligations to the state directly for the following year, with a 20% discount."

"This regulation may apply for the next three years, with a gradual reduction in the discount rate," it adds.

Finally, the Association of Large Investment Projects states that in order to create a modern development model, which will aim at increased investments, enhanced international competitiveness, the resilience and adaptability of the economy, extroversion and innovation, "strategic convergence and coordination between the state and businesses is essential."

Association of Large Investment Projects: Reforms for a resilient economy, let's capitalise on positive developments

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