Stathakis out­lines growth plan

Econ­omy min­is­ter de­tails timetable for im­ple­men­ta­tion of in­vest­ment in­cen­tives law, start­ing in Septem­ber

Kathimerini English - - Front Page - BY DIMITRA MANIFAVA

The govern­ment is look­ing to start im­ple­ment­ing its so-called growth agenda as of Septem­ber, aim­ing to bring the econ­omy back on track and to de­flect at­ten­tion away from tough re­forms, such as the la­bor law shakeup, in­cluded in the se­cond bailout re­view.

Econ­omy Min­is­ter Gior­gos Stathakis told a press con­fer­ence yes­ter­day that by the end of this month ad­min­is­tra­tive acts for a new law gov­ern­ing in­vest­ment in­cen­tives will be com­pleted. It will ap­ply as of Septem­ber, with in­vi­ta­tions for four fields of sub­si­dies: Gen­eral en­trepreneur­ship, en­gi­neer­ing equip­ment en­hance­ment, new in­de­pen­dent small and medium-sized en­ter­prises, and ma­jor in­vest­ments.

In the next six months the min­istry will also as­sess the ap­proxi- mately 800 out­stand­ing ap­pli­ca­tions from pre­vi­ous in­vest­ment in­cen­tive procedures, start­ing with those that are jointly funded with the Euro­pean Com­mis­sion, in­vest­ments on is­lands with in­creased refugee flows (Agath­on­isi, Chios, Ka­lym­nos, Kastelorizo, Kos, Leros, Lesvos, Samos and Symi) and then in­vest­ments in man­u­fac­tur­ing and pho­to­voltaic parks.

The jointly funded projects form part of the 2014-2020 sub­sidy pro- gram that is co­funded by the Euro­pean Union.

In early Septem­ber the min­istry is plan­ning to sim­plify the li­cens­ing process for en­ter­prises in sec­tors where the nec­es­sary stud­ies have al­ready been com­pleted, such as the food and drink in­dus­try, cater­ing and tourism ac­com­mo­da­tion.

Later in the same month the min­istry will leg­is­late the changes Stathakis has an­nounced for the 1.0991 fast-track in­vest­ment sys­tem.

On the other hand, although the fi­nal ex­ten­sion to the dead­line for the set­tle­ment of cor­po­rate debts ex­pires on Septem­ber 30, the min­is­ter stopped short of is­su­ing a clear timetable for the leg­is­la­tion of changes on this front, also a bailout com­mit­ment. He just said that changes to the reg­u­la­tions of cor­po­rate debt set­tle­ment are the ob­ject of ne­go­ti­a­tions with the coun­try’s cred­i­tors.

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