During the first cabinet meeting held after the recent government reshuffle (September 10), State Minister Haris Paboukis, in his capacity as head of investments portfolio, proclaimed a legislation bill aiming at reducing red tape for potential investors in substantial projects. Specifically, the new bill -dubbed “fast track” - aims at reducing the time of issuing all the necessary licenses to approximately three months.

At the same meeting, Transport Minister Dimitris Reppas announced the overhaul of state-owned rail company OSE. According to the minister, the restructuring involves measures such as the sale of 49% of OSE, reduction of staff and transference to other public sector postings and axing bonuses and overtime payments.