The final ranking lists for the second round of the “Major Investments” scheme under the Development Law, published by the General Secretariat for Private Investments at the Ministry of Development, include 10 investment projects in regions across Greece, with a total budget of €226.2 million, state aid of more than €104 million and the expected creation of more than 400 new jobs.
The final lists were issued in less than 90 days, in a process marked by speed, transparency and consistency with the programme set by Development Minister Takis Theodorikakos for implementing the Development Law and supporting productive investment, the Ministry of Development said in a statement.
This reflects efforts to speed up procedures for the benefit of healthy business activity and Greece’s development, according to the same statement.
The scheme is open to investment projects with total eligible costs of more than €15 million. Its aim is to support major investment initiatives that contribute to the productive transformation of the Greek economy and create the conditions for new, well-paid jobs.
By making use of the development incentives available, companies can go ahead with large-scale investments, strengthening their competitiveness and growth prospects.
These are significant productive investments spanning a broad range of business and industrial activities. They cover the cement and aluminium industries, food and beverage production, data processing services, the chemical industry, pharmaceutical manufacturing and the production of paper packaging.
This sectoral spread highlights the scheme’s role in supporting investment across different areas of the economy, boosting productive activity, technological modernisation and value creation, the statement said.
The investments also have a significant regional dimension, with projects spread across different parts of the country. Specifically, four investment projects are in Macedonia, three in Central Greece, one in Thessaly and one in Crete.
This regional spread highlights the importance of boosting productive activity beyond the major urban centres, as investment can create new economic opportunities, jobs and growth prospects in local communities, the Ministry of Development said.
Development Minister Takis Theodorikakos said:
“Supporting major productive investment is a key priority for our government and the Ministry of Development as part of the productive transformation of the Greek economy.
With the completion of the second round of the “Major Investments” scheme, we are enabling 10 significant investment projects, with a total budget of €226.2 million, to go ahead, backed by more than €104 million in state aid.
More importantly, these investments are linked to production, technological and industrial upgrading, and the creation of more than 400 new, well-paid jobs.
We want an economy that produces more, exports more, creates quality jobs and makes use of the potential of every region of our country, so that young people can stay where they are from and build their futures and families there.
We support Greek industry and businesses that choose to invest, grow and create value. The Development Law is making this a reality, and it is the path to a stronger, more resilient economy”.