The new Development law The Minister of Development presented today (20.5.2025) in Parliament, Takis Theodorikakosreferring to a tool of strategic importance, which responds to the need for productive transformation of the Greek economy.
Mr Theodorikakos emphasized: “Greece needs a new, more productive and more durable development model-and the new Development Law is a pillar of this strategy”, stressing that the law provides for investment regimes totaling more than € 1 billion for the period 2025-2026 border and economically weaker areas of the country.
In total, 12 aid regimes are established, which meet the needs of modern and regional targeted investment projects – from cutting -edge technologies to agri -food, tourism, supply chain and value chains. As the Minister of Development described, investment plan approvals will be completed within 90 days of the application, through a fully digitized evaluation system, and the law also includes implementation clause.
This targeting, as Mr Theodorikakos said, reflects the real needs of the Greek economy: increasing productivity, enhancing employment and competitiveness and expanding export orientation. “There is no greater social policy than securing stable work. But this requires a strong productive basis, “he said, noting that – despite exporting and industry – the balance deficit remains high and is” a national problem that cannot be ignored “.
Particular emphasis was placed on the role of Greek industry as a key and stable pillar for the new development course, while stressing that technology, innovation and utilization of applied research are a key prerequisite for the creation of new, competitive products and enhancing the extroversion of Greek production.
“Changing the productive standard is a condition of survival and a prerequisite for security and progress,” Mr Theodorikakos concluded, referring to a national effort for sustainable development focusing on the country’s productive forces, social cohesion and support of the Greek region.
Investment law in numbers
- EUR 900 million for 2025 and 2026 in subsidies and tax exemptions
- There are 3 new regimes: “Modern Technologies”, “Social Entrepreneurship and Crafts” and “Special Aid Areas”.
- A guarantee fund is being set up with the participation of the Greek State up to € 300 million to provide loans of € 1 billion from the European Investment Bank (EIB).
- Doubles the maximum amount of aid from 10 to 20 million for individual businesses
- It is € 50 million per maximum aid limit for affiliated or affiliated companies.
- Results in 90 days.
- Deposit final supporting documents in 30 days from the announcement of the definitive ranking table.
- Certification by regular audit, at the request of the Investment Plan, implementation and 25% of the physical and economic object of the investment.
- Amendment requests will be accepted at 25% of the investment certification stage.
- Abstract in 2 years if 10% of the investment has not been implemented.
- An additional 10% penalty for reimbursement in the event of a revocation of the affiliation decision.
- There are 5 types of aid: Tax exemption, grant, leasing subsidy (leasing) subsidy for the cost of employment, business funding, for regimes: “Modern Technologies” and “Social Entrepreneurship & Crafts”.
- In addition, two categories of incentives are established: “Rapid Licensing” for the “Special Aid Areas” and “Large Investments” regime and the motivation for the provision of loans with the guarantee or boost of the Greek State (depending on the investment plan) by the Development Law Fund Fund. Gf) or alternatively from another reinforced financing tool of the Hellenic Development Bank (HDB) or, for investment plans that have made a decision to enhance “large investment” from the European Investment Bank (EIB).
The basic changes
- There are 3 new regimes (A. Contemporary Technologies “, B.” Social Entrepreneurship and Crafts “and C.” Special Aid Areas “).
- New rapid licensing incentives are established in specific regimes, namely “rapid licensing”, for “Special Aid” regimes and “large investments”.
- Providing loans with the guarantee and boost of the Greek State by the Fund “Development Law Financial Instrument Guarantee Fund” (Delfigf) or alternatively from another reinforced financial tool of the Hellenic Development Bank (HDB) for the SMEs and for investment plans that have made a “large” investment plan – Provision of a guarantee by the Greek State to obtain long -term loans from the European Investment Bank (EIB) (Creation of a Guarantee Fund Participation of the Greek State up to € 300 million to provide loans of € 1 billion from the EIB).
- It is foreseen to set a maximum amount of a total of aid per investment plan up to the amount of twenty million (20,000,000) euros for individual companies and up to the amount of fifty million (50,000,000) euros for all affiliated or affiliated undertakings, subject to the restrictions of Article 4.
- The ability of each entity to apply for the same investment plan in addition to one aid schemes, provided that the relevant conditions are met, with the note that the submission of that investment plan to a regime automatically reject all other applications for that investment plan.
- The evaluation of investment plans for all regimes will be comparatively implemented.
- Approval of plans in 90 days – submission of updated evidence (certificates of judicial solvency, tax and insurance information) by investment entities within thirty (30) days of the issuance of the final ranking table.
- Certification by regular audit, at the request of the Investment Plan, implementation and 25% of the physical and economic object of the investment.