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4 clusters · 10 sources · 8 days · First seen · Last updated

Greek foreign direct investment legislative reform

Overview

The Greek Ministry of Development submitted a bill to Parliament titled ‘New Incentives for Foreign Direct Investment, Restructuring of the Foreign Direct Investment Directorate and Other Provisions’. The proposed legislation seeks to create a functional framework for Foreign Direct Investment (FDI) by offering targeted incentives for non-domestic capital and establishing unified procedures for the evaluation, approval, and monitoring of investments. It also includes plans to restructure the Foreign Direct Investment Directorate into a specialized organizational unit. The Economic Chamber of Greece (OEE) has expressed support for the framework, describing it as a strategic step to attract high-value-added investments. However, OEE President Konstantinos Kollias noted that success depends on rapid oversight, realistic cost limits, and the hiring of experienced personnel to prevent fraud. The OEE also highlighted the need for alignment with European Commission rules and raised concerns that a minimum eligible cost threshold of 10 million euros might exclude certain research and technology-based investments. On September 28, 2026, the Greek Parliament’s Production and Trade Committee provisionally approved the bill. The legislation passed with support from the New Democracy party, though PASOK and Hellenic Solution expressed reservations regarding their final stance in the plenary session, and other opposition parties voted against it. Development Minister Takis Theodorikakos stated the bill is designed to facilitate foreign companies entering the country for productive investments, focusing on manufacturing, industry, innovation, applied research, and new technologies. Rather than direct subsidies, the framework utilizes tax exemptions and streamlined licensing. Addressing concerns regarding small and medium-sized enterprises (SMEs), Theodorikakos noted that 1.5 billion euros is available through the Development Bank for SME lending. As the bill moves toward parliamentary debate, specific details regarding targeted sectors and aid limits have emerged.

Entities

Ministry of Development · Hellenic Parliament · Greek Parliament · Hellenic Development Bank · Takis Theodorikakos

Timeline

  1. [BUSINESS] 4 sources
    Greece to debate Foreign Direct Investment bill in Parliament

    The Greek Parliament will debate a new bill from the Ministry of Development to provide incentives and streamlined procedures for Foreign Direct Investment in sectors like AI, biotech, and manufacturing.

  2. [BUSINESS] 3 sources
    Greece approves preliminary bill for foreign direct investment

    The Greek Parliament's committee has provisionally approved a bill to attract foreign direct investment through tax exemptions and streamlined licensing, focusing on manufacturing and innovation.

  3. [BUSINESS] 2 sources
    Economic Chamber of Greece backs new FDI incentive framework

    The Economic Chamber of Greece supports a new FDI incentive framework, emphasizing the need for rapid oversight, EU compliance, and realistic cost limits to attract high-value investments.

  4. [BUSINESS] 3 sources
    Greece submits Foreign Direct Investment bill to Parliament

    Greece has submitted a bill to Parliament to create a new framework for Foreign Direct Investment, featuring targeted incentives and unified evaluation procedures for non-domestic capital.

Sources

businessdaily.gr · capital.gr · dete.gr · en.protothema.gr · iefimerida.gr · makthes.gr · naftemporiki.gr · newsbomb.gr · protothema.gr · sofokleousin.gr

This summary has been updated 2 times: see revision history