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New bill on investments part of 'comprehensive national plan', Petalotis says

Δημοσίευση 19 Ιανουαρίου 2011, 11:10 / Ανανεώθηκε 27 Ιουνίου 2013, 14:55
New bill on investments part  of 'comprehensive national plan',  Petalotis says
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The new draft bill on investments tabled in Parliament on Tuesday was the government's "final touch" to its other measures and legislation to promote growth, government spokesman George Petalotis said on Tuesday.

The new draft bill on investments tabled in Parliament on Tuesday was the government's "final touch" to its other measures and legislation to promote growth, government spokesman George Petalotis said on Tuesday.

"It is part of a comprehensive national plan for growth, a plan that is realistic, respects public money and the efforts of citizens and which provides an answer to the problems caused by the crisis," he said.

According to the spokesman, the new investment law would create the foundations for a new model of production that favoured development of products with high added value.

"We are seeking to revive the Greek economy on a firm foundation, with quality investments and not through thoughtless subsidies, as was chiefly the case until now," he emphasised.

He said the investments aimed to increase productivity and spread investments throughout Greece rather than over-concentrating them around large, urban centres.

Petalotis also pointed out that legislation was about to be passed for the new agency that would replace the fund for small and micro-businesses, which would hand out 1.2 billion euro to small and middle-sized businesses from mid-March and finally get the National Strategic Reference Framework (NSRF) funds finally rolling.

The spokesman said that NSRF absorption had increased from 2.9 percent in 2009 to 18 percent at present and that the goal was to reach 35 percent in 2011.