Gov’t finally answers SEV call

The Economy Ministry finally appears to be heeding the call by Greek industrialists for the provision of more incentives for strategic investments, as it intends to submit a new bill to that effect in Parliament next month.

The incentives to be offered will be related to tax exemptions with regard to the excess depreciation of investment projects, while the ministry is also examining the extension of the deadline for project depreciations from five to 10 years.

This development is expected to offer a boost to enterprises so that more investments are made in Greece, as this is a sector that has suffered more than most over the last few years, and so that local companies become more competitive compared to their foreign rivals.

The Hellenic Federation of Enterprises (SEV) says that would be absolutely necessary due to the investment deficit Greece is suffering...