November 22, 2024 5 min read
What are the Clauses that the new development law “hides”

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Με δύο ρήτρες εμφανίζεται ο νέος αναπτυξιακός, νομοσχέδιο που αφορά τις φοροαπαλλαγές των στρατηγικών επενδύσεων και τον ετήσιο προϋπολογισμό.

Clauses "hidden" by the new development law

Their approval by the EU is required, which the troika has reportedly requested.

While in the budget, it was given the right to 100% advance payment and other incentives.

With the new development law, the government is attempting to stimulate investment with the aim of "opening" subsidies in April.

It is noted that in 2010 the Public Investment Program started at 10.2 billion euros this year it is projected at 6.85 billion euro. In 2014 it again fell to 6.7 billion euros where it will remain in accordance with the medium-term plan voted last Monday until 2016. Of this amount, the national EDP was initially close to 3 billion euro. They are now accounted for for projects including part of the development fund of less than 1 billion euros per year.

As noted by relevant market players: "The fact that the troika has accepted to cut the Public Investment Programme more than 10 times since 2010 is indicative. There is nothing to rule out that this will not happen again in the coming months until Europe sits down and decides what fiscal decisions it now has to make on the issue of recovery and growth."

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