Page 63 - 60 YEARS NISSAN NIC. J. THEOCARAKIS S.A.

The tone for the decade 1981-1990 was set, first and foremost, by the fact that on the 1st of January 1981 our country acceded to the EEC as a full member - while the Greek state insisted on taxing cars based on cylinder capacity. Furthermore, the two devaluations of the drachma, on January 9, 1983 and October 11, 1985, were accompanied by austerity measures. As a result, a number of vehicles failed to pass customs. This was followed by the delayed activation of the Value Added Tax on the 1st of January 1987 - initially scheduled for the 1st of January 1984 - by the Minister of Finance,
Dimitris Tsovolas. The Value Added Tax in the case
of private passenger cars stood at 36% until August 1992. Tax rates were reduced in March 1989, causing car prices to drop by nearly 18%, and in 1990 the scrapping measure was introduced (Law 1882-1990 “Regulating the excise tax
1981-1990 New challenges
1984
The Driver Behaviour Control System,
the so-called "point system", was adopted. One year after its implementation, 11,000 drivers had been charged with 13 points and were at risk of losing their license. That same year, the Ministry of Public Works was planning
to install 40 modern radars on the National Road Network, in order to control speeding, the main cause of road accidents at the time.
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