For the first time, the annual monitoring obligation to certify the completion and commencement of the productive operation of the investment projects of Development Laws 2004, 2011, 2016 and 2022 with two new decisions signed by Development Minister Takis Theodorikakos, following the audits of older development laws is introduced.

With the new arrangements, according to a statement from the Ministry of Development, businesses must submit to the relevant services data that substantiates compliance with their obligations, as well as the approval decision, within two months of completing each time of operation of the reinforced investment. The submission procedure is done through the Developmental Law Information System (MS-AN) or the State Aid Information System (ECSR-ECP), ensuring complete documentation and transparency.

At the same time, an annual sampling of 10% to 20% of businesses subject to development laws is established and includes the verification of legal operation, financial data, jobs, production potential and compliance with the specific terms of the decision.

The frameworks framework is also enhanced as the imposition of fines is provided in the event of non -submission or submission of inaccurate data, ensuring complete compliance with investment obligations.

Finally, three -member audit committees are set up, which reviews sampling (30%) investment plans whose completion and launch of productive operation has been certified by certified accountants or audit companies. The audit is carried out within 45 days of the establishment of each committee. In the event of serious deviations, the cases are forwarded to the Accounting Standardization Committee for further control and possible imposition of disciplinary sanctions.

These arrangements are emphasized that they are still a substantial intervention by the Ministry of Development that shields the state aid system and ensures that public resources are properly exploited, for the benefit of the real economy.

As Mr. Theodorikakos has emphasized, “we must practice transparency and accountability, so that the money of Greek citizens will take place in real productive investments that bring jobs and strong growth to the country.”