Development, Competitiveness & Shipping Minister Anna Diamantopoulou announced yesterday a package of measures aimed at attracting and facilitating investments, by introducing changes to the existing investments and development framework. The plan includes the abolishment of the minimum amount of € 100,000 required up to date in order for a new investment to receive state funding, as well as measures to strengthen transparency and speed up processes.

The changes also include the introduction of a scaled subsidy for investments in photovoltaic projects regardless of size, the re-examination of hundreds of investments turned down because of bureaucratic reasons and the establishment of a ministerial advisory committee. Meanwhile, the ministry announced the operation of a dedicated website (ependyseis.gr), through which prospective investors may submit their plans by April 30, 2012.