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Minister to present draft bill on social economy to cabinet on Tuesday

Δημοσίευση 21 Δεκεμβρίου 2010, 11:08 / Ανανεώθηκε 27 Ιουνίου 2013, 14:55
Minister to present draft bill on social economy to cabinet on Tuesday
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Labour and Social Insurance Minister Louka Katseli announced in a press conference on Monday that she will present a draft bill on the "Social Economy" to the cabinet on Tuesday.

Labour and Social Insurance Minister Louka Katseli announced in a press conference on Monday that she will present a draft bill on the "Social Economy" to the cabinet on Tuesday.

The minister said the aim of the bill was to strengthen businesses involved in the 'social economy' and encourage economic activity and the production of goods and services that served the general good and social purposes. These included provision of care services, support for disadvantaged groups, public and domestic safety, improving the urban environment and services for the protection of cultural heritage.

Katseli said that such companies or businesses would have a different structure from ordinary companies, with a more participatory spirit and democratic form of management in which priority was given to participation in labour rather than capital and profits were distributed according to the contribution of the members.

The draft bill will also legislate for a Social Economy Fund that will be a tool for financing small loans on favourable terms for activities that support the inclusion in economic life of specific groups, such as young people, women, long-term unemployed, migrants and people at risk of social exclusion.