The Greek government attempts with two ‘weapons’ to accelerate the processes of expanding the production base and strengthening investments, which is a prerequisite for changing the country’s production model, ANA reports.
The first is the big package of 3 billion euro which will be allocated to financing large industrial investments in specific branches of domestic production.
The second is the new network of incentives and tax exemptions to facilitate mergers to make Greek businesses stronger and more resilient to international and domestic competition. The new package of merger incentives and tax breaks to focus on boosting innovation and technology investment will be included in the tax bill to be put up for public consultation within the coming week.
On the financing front for new large industrial investments, the aim is for the package of 3 billion euros (from domestic and European resources) to fall on the market within the next three years through the reinforcement of investment plans of large companies throughout the country and with a focus on Macedonia, Thrace, and Thessaly. Consultations have already begun with industry representatives in selected major sectors that will receive the largest share of the new aid package.
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