ATHENS – A significant mobilization of investments in Greece amounting to €2.5 billion, with 915 investment projects and the prospect of creating 15,000 new jobs is underway through the New Democracy government’s Development Law. It is also the case that 112 new investment projects with a total budget of €550 million were approved in a record time of 90 days, creating more than 1,600 jobs.
The figures were presented by Development Minister Takis Theodorikakos at an event titled Development Law, strategic investments: Contribution to productive transformation with priorities on industry and innovation, which took place on March 16 at the Stavros Niarchos Foundation Cultural Center, in the presence of Prime Minister Kyriakos Mitsotakis.
According to the data, 915 investment projects with a total budget of €2.5 billion are currently being implemented, with subsidies amounting to €1.2 billion, and are expected to create approximately 15,000 new jobs. At the same time, within the framework of the latest programs of the Development Law, 112 investment projects with a total budget of €550 million were approved, with state support of €290 million, within an evaluation period of 90 days – described as the fastest in Europe for comparable programs.
As noted, half of these investment projects concern Northern Greece – Macedonia and Thrace – as well as the North Aegean, with investments in sectors such as the chemical and mining industries, manufacturing, the food industry, and tourism.
Furthermore, as he pointed out, according to the data, 91 strategic and flagship investments are currently underway in critical sectors of industry, while in the past year alone, 18 new strategic investments were approved, with a total value of €2.7 billion.
