The Deputy Minister of Development & Investments Mr. Nikos Papathanasis announced the start of the submission of applications for inclusion in the Scheme for the Promotion of Tourism Investments, of the new Development Law 4887/2022, from yesterday, Monday, September 5.

The deadline for the submission cycle ^is 5 December 2022.

Amount of investment for the Aid for Tourism Investment

In order to benefit from this aid scheme, the minimum amount of eligible costs of the investment project shall be:

a. €1,000,000 for large enterprises

b. €500,000 for medium-sized enterprises

c. €250,000 for small businesses

d. €100,000 for micro-enterprises

e. 50,000 euros for Social Cooperative Enterprises (SCE), as well as Agricultural Cooperatives (DP), Urban Cooperatives, Producer Groups (OP) and Agricultural Partnerships (A.E.S.)

Applications are submitted via the new Integrated Information System, at: https://opsan.mindev.gov.gr , which supports the whole life cycle of the investment projects under the Development Law.

For the full text of the call and more information, please visit the website of the General Secretariat for Private Investment and PPPs: https://ependyseis.mindev.gov.gr .

Adonis Georgiadis, Minister of Development & Investments

"We are moving at a rapid pace in activating the regimes of the Development Law. The second link in the development chain is investment in tourism, a strategic sector for the Greek economy with key contribution to GDP growth and the creation of new jobs. With the Development Law, the programs of the NSRF and the Recovery Fund, the modern financial tools and digital, fast and completely transparent, procedures we give the opportunity to businesses of all levels to advance their investment plans by implementing their goals in the modern economic environment. Above all, we give the opportunity to every entrepreneur to make his dreams come true because every business flourishes the Greek economy as a whole".

Nikos Papathanasis, Deputy Minister of Development & Investments

"We continue dynamically with the activation of the 2^nd scheme for the Enhancement of Tourism Investments. Tourism is one of the most important and strongest pillars of the Greek economy. In fact, this year is expected to surpass the 2019 performance . Following this regime, The next few days will be followed by the ^3rd aid scheme of the new Development Lawthat of Agri-food . We stimulate business activity with faster and simpler procedures for increasing investments, the consequent creation of new jobs and the strengthening of local communities and economies in all Greek Regions".

See more detailed information about the Action here .