November 22, 2024 5 min read
Development: 526 applications for tourism investments amounting to 1.6 billion. euros

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A total of 562 investment project applications, with a total budget of around €1.618 billion. euros were submitted for the support for tourism investment . According to a statement of Ministry of Development and Investment , in the near future will follow the evaluation of these applications for inclusion. The evaluation will be carried out in accordance with the procedure foreseen by the new Development Law 4887/2022.

It is recalled that the submission of applications for the the Agri-Food scheme through the Information System of the Development Law ( opsan.mindev.gov.gr ). The deadline for submission is 30 December 2022.

Adonis Georgiadis, Minister of Development and Investments

"Greece has become an attractive investment destination thanks to the policies of the government of Kyriakos Mitsotakis and in particular the Ministry of Development and Investment. It is characteristic that for two consecutive years we have recorded all-time investment records. The but measure of change in the investment climate in the country I think it captures it better than the large private investments that have come unstuck in recent years such as Hellenic or the Shipyards, better than the large foreign investments we have attracted in recent years such as Pfizer, Microsoft or Amazon Web Services, what happens with the a single tourism scheme and the single three-month cycle of the new Development Law.

We have 562 applications for investment projects with a total budget EUR 1.618.160.677,83. To put this into perspective, this total is equal to all the growth cycles of the Syriza period. Five years of applications of about EUR 1.5 billion. Three months of Kyriakos Mitsotakis made a few more in a single regime".

Nikos Papathanasis, Deputy Minister of Development and Investments

"The new Development Law committed us to adopt a flexible, pro-investment framework that promotes entrepreneurship without rigidities. The business community's response to date confirms that we have succeeded in substantially improving the state aid environment for private investment. In the second scheme, which comes to support a very important and strong sector of the Greek economy, 562 applications for investment projects were submitted, with a total budget of €1.6 billion. euros. In the next few days the announcement of the"Entrepreneurship 360ᵒ" scheme is expected. A regime that will cover almost all sectors of economic activity. We are continuing our work with unabated pace in order to change the country's production model and give all the necessary tools for entrepreneurship to flourish."

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