G. Masoutis: The development law is in the right direction

The assessment that the new development law is moving in the right direction for the development of Greek business, a fact that is proven -among other things- by the eligible costs of the investment plans, was expressed by the first vice president of the Central Union of Chambers (KEE), Ioannis Masoutis, president Thessaloniki Chamber of Commerce and Industry (CCCI), speaking yesterday to the competent Standing Committee of the Parliament of Production and Trade.

Mr. Masoutis also pointed out that “a general remark on the bill is that the incentives of the law should concern all Greek companies, small, medium and large” and added that the main concern during its implementation should be the full absorption of funds. He described as “a very positive last minute development” the fact that “the evaluation will go through the Intermediate Body of the Operational Program” Competitiveness and Entrepreneurship “(EFEPAE), something that the business community requested and will help a lot.”

The vice-president of KEE pointed out, however, that -so far- some KAD (Activity Code Numbers) have been excluded (from being included in the development law), which relate to retail, wholesale, but also to processing, especially when the relevant investments concern third parties. as in the case of logistics. “The investment support needs of both the manufacturing industry and the wholesale and retail trade are the same,” he said.

He stressed that the development law “comes at a time when our economy, coming out of the recession caused by the pandemic, is trying to stabilize the growth dynamics recorded in the second half of 2021”, while announcing that in the coming days will be announced by KEE collectively the positions of the chamber community “.

Source: AMPE