In an exclusive interview with “N,” Development Minister Takis Theodorikakos revealed that the new development law aims to attract 4 billion euros in investments by the end of 2026.
The initial announcements regarding the law will occur this month, with the State set to distribute over 1 billion euros in grants and tax exemptions over the next 18 months.
The funding will include 1.3 billion euros from the Loan Fund in collaboration with the European Investment Bank, an additional 500 million euros from the DELFI financial tool of the Hellenic Development Bank, and over 1 billion euros from private investments.
Theodorikakos emphasized the new development model’s focus on manufacturing and border regions, highlighting that businesses investing in industrial areas will receive extra incentives.
The Minister also discussed the need for enhanced development infrastructure, efforts to attract foreign investments, and the support of the primary sector.
Additionally, he outlined plans for establishing an independent Consumer Protection Authority, which is expected to be operational by 2026, and acknowledged the significant financial strain on households caused by the housing crisis.
