Greece Cancels 1,400 Inactive Investment Plans

Business 10 July 2025 23:55

Greece will cancel around 1,400 stalled investment plans approved under the 2004 and 2011 development laws, according to an amendment introduced by Development Minister Takis Theodorikakos on Thursday, CE Report quotes Athens-Macedonia

The move, part of a new draft bill on quality policy, aims to cut bureaucracy and reclaim €480 million in state aid granted to these projects, with interest charged from the date of payment.

“Public funds must support real investments that create jobs and boost the economy,” the Development Ministry stated.

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Greece Cancels 1,400 Inactive Investment Plans

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