Greek authorities plan to allow small- and medium-sized enterprises to issue new shares through corporate bond exchange, Development and Competitiveness Deputy Minister Notis Mitarakis announced on February 4.

Addressing the Global Capital Forum on “Greece: A stable investment destination,” Mitarakis stated that the government’s aim was to find alternative ways of funding SMEs through a new market and create a clear legal form for corporate bonds in the country.

He added that by next week, the government will present new legislation to harmonise the OECD's recommendations with Greek law so as to bring domestic prices down. Mitarakis said that it was crucial to create new jobs and pointed out that Greece will receive €20.5 billion from community funds and aims to create 640,000 new jobs.

Greek News Agenda: Global Capital Forum