Greece unveils 3.7 billion euro industry plan with 11 reforms

The Greek government has outlined a strategic plan to bolster its industrial sector and manufacturing capabilities, identifying them as key priorities. A government committee meeting, chaired by Prime Minister Kyriakos Mitsotakis, focused on coordinating actions and reforms aimed at enhancing the competitiveness and productivity of the Greek economy.

The plan seeks to attract productive, high-value-added investments and generate more, better-paying jobs. Development Minister Takis Theodorikakos presented the government's achievements in supporting industry and detailed proposed actions, decisions, and timelines for the coming years. He emphasized that this is part of a consistent strategy to strengthen industry and innovation, which are crucial for improving the standard of living for all Greeks sustainably.

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We are consistently implementing a clear action plan to support industry and innovation, because we believe this is the way to strengthen the productivity and competitiveness of the Greek economy, which are prerequisites for improving the standard of living for all Greeks, in a sustainable way.

Key measures include significant financial support tools, simplified licensing processes through systems like Open Business, and the development of Business Parks under a revised spatial framework. Theodorikakos highlighted that these efforts are expected to lead to increased productive investments, a continuous rise in industrial production and exports, the creation of 60,000 new jobs, and improved wages for industrial workers, offering a viable career path for younger generations.

Specifically, the government will accelerate 11 critical reforms, including strategies for business parks and industrial ports, improved access to transport networks, and a new Digital Business Activity Certificate. It will also practically support productive investments totaling 3.7 billion euros through the Development Law and strategic investments. Furthermore, 700 million euros will be mobilized by 2030 to reduce energy costs and enhance energy efficiency in manufacturing. The government is also launching a National Agenda for technical professions and establishing a National Strategy for Semiconductors.

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We have implemented significant support measures for industry, with strong financial tools, with simplification of licensing, the new Open Business system, the new framework for manufacturing in Attica, as well as Business Parks, with the revision of the Special Spatial Framework which is being completed by the Ministry of Environment in the immediate next period and with a clear footprint: more productive investments in the country, continuously increasing industrial production and exports. 60,000 new jobs and better wages for industry workers who can now constitute a life plan for the new generations.