Urgent.News

What's breaking now, across thousands of outlets.

Business

Subventionen: Griechenland will nun ganz andere Unternehmen anlocken – und zahlt Investoren bis zu 20 Millionen Euro

Athen will ausländisches Kapital stärker lenken und konzentriert seine Förderung auf zehn Branchen. Auch deutsche Unternehmen können bis zu 20 Millionen Euro pro Projekt beantragen.

Original German Read in English

Subventionen: Griechenland will nun ganz andere Unternehmen anlocken – und zahlt Investoren bis zu 20 Millionen Euro

Athen, Greece is implementing a new strategy to attract foreign investment, setting itself apart from the previous investment boom driven by real estate, tourism, and other services. The conservative Prime Minister Kyriakos Mitsotakis' government aims to bring in capital that generates more value and boosts the country's economic productivity.

They plan to achieve this through a range of incentives, including tax breaks, loan guarantees, and expedited permitting processes. The focus of this new approach is on sectors such as manufacturing, research and applied innovation, artificial intelligence, biotechnology, and defense and aerospace industries. Additionally, sectors like logistics, healthcare, and social welfare, including nursing homes, are also eligible for support.

The government is countering the previous investment focus by encouraging Greenfield investments, which involve the construction of new factories, locations, or business units from scratch – often on previously undeveloped land. To facilitate these investments, the Development Ministry has submitted a draft law to Parliament for further discussion.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at handelsblatt.com →

More in Business

More from Wednesday 23 September →