Meeting under the Prime Minister on the progress of the Development Law

The investment plans approved under the new development law amount to 928, with a total budget of 3.1 billion euros.

Meeting under the Prime Minister on the progress of the Development Law

This article is an AI translation of an original piece published in Greek. Read original

Data on the progress of implementation of the development law were presented on Thursday morning at the Maximos Mansion, during a meeting under Prime Minister Kyriakos Mitsotakis, by the Minister of Development Takis Theodorikakos.

During the meeting, the importance of the development law as a key financing tool for the transformation of the Greek economy was emphasized, with emphasis on manufacturing, agri-food and defense, while also promoting extroversion.

The effectiveness of the incentives granted to support social entrepreneurship, economic activity in border areas and handicrafts was also highlighted.

In this context, it was stressed that an acceleration of the evaluation process of investment plans has been achieved, which is completed within 45 to 90 days, constituting the best performance at the level of the European Union, with particular care for the shift to manufacturing and regional convergence.

The investment plans approved under the new development law amount to 928, with a total budget of 3.1 billion euros.

The amount of support stands at 1.5 billion euros, creating the conditions to secure at least 15,000 jobs of high productivity.

In the manufacturing sector, 429 investment plans were approved, with a total budget of more than 1.2 billion euros, with the total amount of support reaching 570 million euros.

In Macedonia and Thrace, 282 investment plans were approved, with a total budget of 954 million euros, with support exceeding 510 million euros.

Another 152 plans were approved in Thessaly, with a total budget of more than 347 million euros, for which the total amount of support is expected to exceed 184 million euros.

As for payments, in 2025 more than 337 million euros were disbursed, confirming the acceleration of the implementation of the investment plans.

The Minister of Development also presented the latest data from the ongoing clearance of files of development laws from previous years. As noted, only within the framework of Law 3299/2004, 191 investment plans that were not implemented have been recovered, with a total value of 150 million euros.

Also taking part in the meeting were the Vice President of the Government Kostis Hatzidakis and the Secretary General for Private Investments of the Ministry of Development Stellina Siarapi.

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