In Public Electronic Consultation, until May 2, the Ministry of Development has put the draft law: “Sustainable Development, Productive Transformation of the Greek Economy – Amendment of Provisions of Development Law 4887/2022 Development Law – Greece Strong Development – and Other Provisions”.

The bill concerns, among other things:

  • In the introduction of new aid regimes and the modification of existing ones,
  • the establishment of a rapid licensing motivation, but also
  • improving the evaluation and control process. Indeed, special provision is in reinforcement of investment projects implemented in the country’s areas that face significant economic and demographic problems, and in particular in border regional units at the country’s northern border or areas where the per capita domestic product is 70% or 70% of the 70%. by natural disasters.

The purpose of the relevant draft law is to adapt to the new needs of the Greek economy through the provision of new regimes for the granting of aid and incentives.

Predicts Twelve state aid regimes in investment plansrelating to areas:

– Modern technologies

– Green transition and environmental upgrading of businesses,

– Social entrepreneurship and crafts status,

– Special Aid Area regime,

– Agriculture – Primary production and processing of agricultural products – fishing and aquaculture,

– Processing and supply chain,

– Business extroversion,

– Strengthening tourist investment,

– alternative forms of tourism,

– Large investments,

– European value chains, and

– Entrepreneurship 360 °.

Investments that can be integrated will be related to tangible and intangible assets such as: Creating a new installation, expansion of production capacity, differentiation of existing installation in products or services, fundamental change in the overall production process of products or the overall provision of services. Also the acquisition of an active installation data that has been closed or would have closed if it had not been purchased. However, the acquisition of a business shares is not considered an initial investment.

Types of aid and motivation

The types of aid and the motives provided by the new development law include:

  • Tax exemption, that is, the exemption from the payment of income tax on pre -tax earnings,
  • Grant, which consists of the free supply of the public sum of money to cover an investment plan and investment expenditure of the investment plan and
  • Leasing subsidy.

The leasing subsidy may not exceed seven years, and the deadline will start from the date of completion of the investment.

Also foreseen Subsidy of the cost of employment createdby coverage by the public part of the salary costs of new jobs created and linked to the investment plan and for which no other state aid as well as a business risk funding with a reduced securing interest rating or high -risk loan costs.

Is also foreseen rapidly licensing incentive Especially for large investments and areas of special aid. The required permit or approval for the execution of projects, the installation or operation of investment will be issued within two months and the decision to approve environmental conditions will be issued within three months.

At the same time there will be Provision of a loan incentive with the guarantee or strengthening of the Greek State for investment plans for small and medium -sized enterprises, which make a decision to enhance the large investment. These investment plans will be able to receive loans in the short term against the grant or in the long run for the implementation of the investment, with the guarantee of the Greek State by the Delfi GF or alternatively by another supportive financial tool of the Hellenic Development Bank.

Large investment plans that have made a decision, whether they belong to large or small and medium -sized enterprises, will be able to apply for a lending from the European Investment Bank (EIB) in order to receive a loan with the guarantee of the Greek State. The maximum amounts of aid will not be able to exceed EUR 20 million for an individual company and EUR 50 million for all affiliated or affiliated companies. However, the ceilings will be increased by 50% in cases where the aid is given in the form of tax exemption.

In terms of Provision for SMEsSubjects Business Plans can also be reinforced for expenditure on consulting services to SMEs, for innovation, for procedural and organizational innovation, for energy efficiency measures – in addition to energy efficiency measures in buildings – for the use of resources and to support the transition to a circular economy. To co -produce high -performance energy from renewable energy sources and the production of energy from renewable sources, for the consolidation of environmental damage, the restoration of natural habitats and ecosystems, to protect or restore biodiversity, or the implementation of nature -based solutions for adaptation to climate change, Heating and reminders and for the recruitment of workers at a disadvantage and disability workers.