Greek Ministry of Development awards record €134 million tax exemptions to 90 projects

The Ministry of Development’s General Secretariat for Private Investments announced the issuance of tax exemption decisions totaling more than €134 million for 90 investment projects in the manufacturing and tourism sectors. The exemptions, granted under the 2016 and 2022 Development Laws, covered 100 % of the applications received and represent a near‑five‑fold increase over the previous year; earlier years saw exemptions of €20‑25 million, rising to €29 million in 2025.

The number of decisions issued also set a new high. The submission deadline for proposals under the “Large Investments”, “Special Aid Areas” and “Manufacturing” categories of the Development Law has been extended to 24 July 2026. Minister Takis Theodorikakos highlighted the law’s focus on industry, manufacturing, innovation, SMEs and disadvantaged regions such as Thessaly, which still needs targeted support after natural disasters. He also noted that €120 million has already been reclaimed from earlier unimplemented investments, underscoring the government’s push for accountability and transparency.