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Gov't launches 2nd phase of investment programme on Oct. 1

Δημοσίευση 30 Σεπτεμβρίου 2011, 11:33 / Ανανεώθηκε 27 Ιουνίου 2013, 14:55
	Gov't launches 2nd phase of investment programme on Oct. 1
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The Greek government will launch a second phase of a new investment framework law from Oct. 1, calling on investors to submit investment plans by the end of October for evaluation and approval.
The Greek government will launch a second phase of a new investment framework law from Oct. 1, calling on investors to submit investment plans by the end of October for evaluation and approval.

Large-scale investment plans -- with a budget of more than 50 million euros -- could be submitted by the end of the year.

Under the second phase of the investment law, the government has earmarked 3.27 billion euros for financial support, of which 2.37 billion euros are in the form of tax breaks and the remaining 900 million euros in form of capital and leasing subsidies.

The first phase of the investment law, which began in May, was progressing according to plan, with all investment plans submitted have been evaluated and 63 plans already approved with a budget of 402,015,074 euros creating 497 new job positions.

Development, Competitiveness & Shipping Deputy minister Thanos Moraitis, said the new institutional framework guaranteed transparency, efficiency, objectivity and a rapid implementation of procedures.