New Development Law introduced – 12 special support regimes with focus on border areas

Greek Minister of Development, Takis Theodorikakos, presented the new Development Law to the Hellenic Parliament's Committee on Production and Trade, describing it as a strategic tool for the productive transformation of the Greek economy.

“The country needs a new, more productive and resilient development model—and this law is a cornerstone of that strategy,” he stated, emphasizing that the law provides investment regimes worth over €1 billion for 2025–2026. Priority is given to manufacturing, large-scale investments, social entrepreneurship, export orientation, and especially to border and economically weaker regions.

Key Features of the New Law
The law introduces 12 specialized support regimes, tailored to modern and regionally targeted investment plans—including cutting-edge technologies, agri-food, tourism, logistics, and value chains.

Investment approvals are to be completed within 90 days of application via a fully digitized evaluation system. An implementation clause is included to ensure projects proceed as planned.

Minister Theodorikakos noted that this law addresses real economic needs: increased productivity, job creation, enhanced competitiveness, and expanded export activity. He stressed:

“There is no greater social policy than securing stable employment—but that requires a strong productive base.”
While acknowledging improvements in exports and industry, he warned that the trade deficit remains a national problem.

Industrial and Technological Focus
He highlighted the role of Greek industry as a foundational pillar for the new growth model. Emphasis was also placed on technology, innovation, and applied research as vital for the creation of competitive products and for strengthening the outward focus of Greek production.

“Changing the production model is a condition for survival and a prerequisite for security and progress,” he concluded, framing the law as a national effort for sustainable development, centered on production forces, social cohesion, and support for regional Greece.

Development Law by the Numbers
€900 million in aid over two years via grants and tax incentives.
3 new regimes:

• “Modern Technologies”
• “Social Entrepreneurship & Handicrafts”
• “Special Support Areas”
• €300 million Guarantee Fund: With EIB backing, offering €1 billion in loans for liquidity.
• Increased support cap: From €10M to €20M for businesses, up to €50M for groups.
• 90-day approval process with a 30-day documentation window.
• 25% completion clause: Projects can be modified after reaching 25% physical/financial implementation.
• 2-year deadline: Projects failing to achieve 10% implementation within two years are rejected.
• 10% penalty: Revoked support must be returned with a 10% surcharge.