Development Law attracts 270 new investment projects in second round

The submission deadline expired on Friday, 24 July, with 170 investment projects submitted under the “Manufacturing – Supply Chain” scheme, 86 under the “Special Support Areas” scheme, and 14 under the “Large Investments” scheme. Public funding amounts to €150 million for each scheme.

In a statement to the Athens-Macedonian News Agency (AMNA), Development Minister Takis Theodorikakos described the Development Law as a “reliable and effective tool” for the productive transformation of the Greek economy, emphasising that available resources are being directed towards industry and manufacturing, major investments, regional areas, and regions with incomes below the national average.

As he noted, the objective is to support investments that strengthen the country’s productive base, create know-how, reduce regional inequalities, and contribute to the creation of more and better-paid jobs.

More than €870 million in the first round

The three schemes were the first to be launched under the new Development Law and were immediately reopened due to strong market demand. The second round builds on the results of the previous one, during which 125 investment projects were approved, with a total value exceeding €870 million. These investments are expected to create approximately 2,200 new jobs.

The new framework places greater emphasis on manufacturing and industry, large-scale investments, border regions, and areas facing greater development challenges.

Agri-food sector at the centre

At the same time, the Ministry of Development is expanding the range of available incentives, having launched a new Agri-food scheme with a total budget of €150 million. The second application round for this scheme opens on 3 August, with a focus on production modernisation, agricultural product processing, quality upgrades, and job creation.

Investment assessments to be completed within 90 days

A key element of the new framework is the acceleration of procedures, with the evaluation and approval of investment projects expected to be completed within 90 days.

The same approach is reflected in the recent performance of the General Secretariat for Private Investments regarding the issuance of tax exemption decisions. According to ministry data, tax exemption approvals worth more than €134 million were issued for 90 investment projects in the manufacturing and tourism sectors.

The amount is nearly five times higher than in 2025, when corresponding approvals totalled €29 million, representing the previous record level.

930 investment projects currently underway

Overall, 930 investment projects under Greece’s development laws are currently being implemented across the country, with a total budget of €3.1 billion. These projects are supported by more than €1.5 billion in public funding and are expected to create over 15,000 new jobs.

Particular emphasis is being placed on Northern Greece, with Macedonia and Thrace accounting for more than 50% of investments, as part of efforts to strengthen regional development and reduce inequalities.

New schemes for AI, innovation and defence

The Ministry of Development’s plans for the coming period include the launch of new schemes targeting critical and emerging sectors of the economy. Key areas are expected to include extroversion and innovation, social entrepreneurship and crafts, advanced technologies and artificial intelligence, as well as the defence industry.

Through these initiatives, the new Development Law seeks to establish a more targeted incentives framework, focusing on industrial production, technology, regional development, and investments capable of strengthening the long-term competitiveness of the Greek economy.