“Acceleration and transparency of implementation of Strategic Investments”
On October 14, 2010, the bill of the Ministry of State, “Acceleration and transparency of implementation of Strategic Investments” was submitted to the Standing Committee of Production and Trade
of the Greek Parliament.
The Greek Government, through the “Acceleration and transparency of implementation of Strategic Investments” bill, provides the international and Greek investment community with a stable and transparent
investment framework that includes regulations, procedures, and administrative mechanisms for the implementation of major public and private projects. Through the bill, critical factors that have inhibited major
investment in Greece are abolished. The bill allows businesspeople to proceed without bureaucracy, legal framework complexity, and opacity which, to date, have discouraged investors and significantly delayed
the implementation of major projects.
The legislation is aimed at the development of investment projects that deliver long-term, high-impact positive results for Greece’s national economy. In turn, this will lead to the creation of a more modern
infrastructure, advanced transport and telecom networks, and better services to citizens. Improved economic competitiveness, job creation, the production of innovative, high-tech, value-added products and services,
and the development of environmentally friendly and socially responsible companies will be achieved.
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