Basic HTML Version
Trade with Greece
40
approve every step of an investment. This is
unnecessary red tape, and is abolished.
Henceforth, investors may amend up to 10% of
the physical and financial characteristics of the
project, without prior approval from the
Ministry. This way the Investment Incentives
Law becomes more flexible.
4. Transparency is enhanced, and all information
pertaining to an investment is published on the
Ministry's website. A state-of-the-art informa-
tion system enables investors to keep track of
their affairs at any given time. It is also very
important to stress that this measure is also
applicable in regard to the previous
Development Law 3299/2004, where
instances of corruption had been detected.
5. Strict deadlines are set. It is unacceptable for
the State to require investors to strictly stick to
deadlines, when civil servants never comply
with any deadline at all. Any Ministry employee
that fails to keep the statutory deadlines shall
be held administratively liable. This is a way of
dealing with the long-standing problem of
delays.
6. Aid cumulation ceilings are raised from 15 mil-
lion to 20 million euros over four years.
Moreover, the Ministry took measures for improv-
ing transparency and drastically cutting down on
red tape, as well as for correcting past injustices.
1. Abolition of the minimum investment amount of
100,000 euros provided for by the previous
Development Law, which led to the rejection of
hundreds of small investments in photovoltaic
systems (with capacities of up to 20 kW).
2. Establishment of graduated cost subsidization
for all PV investments, irrespective of size; this
means that all investors will receive subsidies
in proportion to the cost of their investment
(e.g. an investment on an array that includes
solar trackers will receive a different amount of
aid than an investment that does not include
them). These arrangements concern invest-