Express licenses and brave incentives in the new development law

Aiming at specific sectors of the Greek economy and the ambition to put an end to the labyrinthine bureaucracy that kept investment plans in the drawers for years, the new development law was put to public consultation.

Development Minister Adonis Georgiadis said the new institutional framework is a great opportunity, expressing optimism about the impetus it can offer to the development process.

"All of this, combined with lower bureaucracy and higher levels of state aid, I believe will lead to a growth boom in the coming years," he said, adding that "the government's goal is to significantly reduce the approval time of investment plans to 60 days." from 110 that is today ".

"A step towards strong growth"

Deputy Minister of Development Nikos Papathanasis spoke about one of the biggest steps of the government towards the strong development of the Greek economy and the change of the productive model of the country, emphasizing that it is one of the most important institutional tools that promote healthy entrepreneurship and competition. .

Significant incentives are provided by the new law on digital and technological transformation in the green transition, in the creation of economies of scale, in the support of innovative investments, in the enhancement of employment but also in the less favored areas of the country and areas included in the Fair Transition Plan.

The total amount of aid per investment project may not exceed the amount of 10 million euros, while it is provided that the aid provided to each investment project entity, including aid to cooperating or affiliated companies, may not exceed cumulatively EUR 20 million for individual companies and EUR 30 million for all cooperating or affiliated companies.

The...