The development bill will be discussed in parliament on Friday and includes a number of changes related to permits and audits.
A development bill entitled “Investing in Greece and Other Provisions” was introduced late in the night on October 10th in Greece parliament.
New provisions
The 144-page bill, entitled “Investing in Greece and Other Provisions,” includes a series of regulations aimed at creating a favorable investment environment, which will also lead to an increase in the country’s growth rate.
The bill provides for major changes in entrepreneurial activity, changes in licensing and control, as well as a number of changes aimed at reducing bureaucracy. At the same time, adjustments are made to changes in employment, as well as measures for undeclared labor.
The main pillars of the draft law are as follows:
- Attracting Strategic Investment
- Audit of Investment Plans and Certification of Completion and Start-up of Investment Productive Operations of Law 4399/2016, 3908/2011, 3299/2004 and 2601/1998
- Creation of a single digital map for geospatial data
- Establishment of a National Infrastructure Register
- Spatial planning
- Provisions to improve the functioning of business parks
- Provisions to simplify the licensing of industrial activities to increase the participation of manufacturing in the country’s GDP