Today announced the second regime of the new Development law for the border with all the details for subsidies and tax exemptions.
More specifically, the status of the development law passed on May 28, 2025 for the “Special Aid Areas”, has a budget of EUR 150 million: EUR 75 million in subsidies and 75 million in tax exemptions. In detail:
- It concerns border counties and areas with incomes below 70% of the national average and covers small border islands.
- Applications for investment plans begins on July 1st and will last until September 10th.
It is recalled that yesterday (26.06.2025) the first regime was announced, also with a budget of EUR 150 million.
The implementation of the Development Law is evolving in accordance with the planning and what has been announced by the Minister of Development, Takis Theodorikakos, in Parliament, in the context of the productive transformation of our economy.