Mea­sures to boost bat­tered en­ter­prises

Kathimerini English - - Focus - DIM­I­TRA MANIFAVA

The Econ­omy Min­istry is ex­plor­ing the op­tion of tack­ing onto a new bill on in­vest­ment in­cen­tives pro­vi­sions that will al­low for the cre­ation of spe­cial funds to bol­ster cer­tain sec­tors of eco­nomic ac­tiv­ity and the par­tic­i­pa­tion of in­vestors in en­ter­prises that are about to be de­clared bank­rupt but could still have some prospect of achiev­ing sus­tain­abil­ity.

These ideas will likely be in­cluded in the draft law along with pro­vi­sions that have al­ready been made public, such as tax ex­emp­tions, grants and leas­ing sub­si­dies.

Lois Lam­brini­dis, the gen­eral sec­re­tary for Pri­vate and Strate­gic In­vest­ments, be­gan con­sul­ta­tions a month ago with the par­ties con­cerned to hear their pro­pos­als and ob­ser­va­tions so that the text of the new draft law is ready in early fall.

This is not an easy pro­ce­dure, as the min­istry has to re­solve the co­nun­drum of bol­ster­ing en­ter­prises to cre­ate some eco­nomic growth at a time when the state does not have the nec­es­sary fi­nan­cial re­sources.

At the same time, the Econ­omy Min­istry has to find ap­prox­i­mately 5.6 bil­lion eu­ros to fund some 6,300 in­vest­ment plans that re­main out­stand­ing and to ac­cel­er­ate mon­i­tor­ing pro­ce­dures, which cur­rently take just un­der two-and-a-half years on av­er­age to carry out.

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